2020 Tax Update Webinar
Thursday, December 17th 2pm EST
Tax & Strategic Planning
Understanding both individual and corporate tax practice is what the accountants at John Kiley CPA, LLC do best. We pride ourselves on the ability to clearly communicate with our clients to help them navigate not only tax season, but their financial futures as a whole.
We believe that every client deserves financial freedom and to understand which tax strategies are most rewarding for their unique situations. That is why we strive every day to provide our clients with the best customer service available and to never allow a prerecording to do the job for us.
There’s Currently A “Stepped-up Basis” If You Inherit Property – But Will It Last?
Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.
Can Taxpayers Who Manage Their Own Investment Portfolios Deduct Related Expenses? It Depends.
Are you an investor or a trader? The difference is important for tax purposes.
IRS Audits May Be Increasing, So Be Prepared.
An IRS audit seems scary but may be nothing to worry about. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help come out of an audit with a favorable result.
Eligible Businesses: Claim The Employee Retention Tax Credit
If your business hasn’t already claimed the Employee Retention Tax Credit, you should check out if you’re eligible. The money can help with the costs you incur in hiring and retaining employees during the pandemic.
Seniors May Be Able To Write Off Medicare Premiums On Their Tax Returns
If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
Tax-favored Ways to Build Up a College Fund
Your college savings can go farther with tax-favored vehicles. Here are some options.
Retiring Soon? 4 Tax Issues You May Face
Tax planning is still important after you retire. Here are some of the tax implications of retirement.
Hiring Your Minor Children This Summer? Reap Tax and Nontax Benefits
Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to work at your business. You’ll save taxes and realize other benefits.
Many Parents Will Receive Advanced Tax Credit Payments Beginning July 15
About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.