2022 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers
Does this year’s April 18 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2022?
The Tax Rules of Renting Out A Vacation Property
A vacation home is more than just a place to relax. It also may provide tax breaks. Here are the rules if you rent it out for part of the year.
When Inheriting Money, Be Aware of “Income in Respect of a Descendent” Issues
For the most part, property you inherit isn’t included in your income for tax purposes. However, certain items may have to be included in your income, although you may also be entitled to a deduction on account of them.
Lost Your Job? Here are the Tax Aspects of an Employee Termination.
Most people don’t think about taxes if they lose their jobs but there can be tax implications to a layoff or termination. Here are some of the issues that may occur.
The Election to Apply The Research Tax Credit Against Payroll Taxes
Does your startup business have little or no income tax liability? You may be eligible for a payroll tax credit election for increasing research activities.
Are You Ready for the 2021 Gift Tax Return Deadline?
April 18 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2021 gift tax return this April. (Note: you may want to file one anyway).
Married Couples Filing Separate Tax Returns: Why Would They Do It?
In general, married couples who file jointly save more money on taxes than those who file separate returns. However, there are situations when filing separately is a better option.
Did You Give to Charity in 2021? Make Sure You Have Substantiation.
If you’re deducting a charitable contribution on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t yet received a letter for a charitable donation you made in 2021? Here are the rules.
Smooth Sailing: Tips to Speed Processing and Avoid Hassles This Tax Season
Help speed processing and avoid hassles this tax season with these tips.
Help Safeguard Your Personal Information by Filing Your 2021 Tax Return Early
Want to get your tax return sooner and protect yourself from tax identity theft? File your tax return early.