What to do if you have not filed your income tax return
Whether you simply forgot to file your tax return or decided not to do so because you were unable to ...
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Why hire a tax preparer?
Taxes are notoriously complex and hard to digest. With that said, many people find themselves anxious and overwhelmed during tax ...
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Should I Itemize?
Although itemizing takes more work than using the standard deduction, it makes sense in many cases. In some cases, you ...
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Reasonable Compensation for S Corporation Officers
Under IRS rules, S corporation officers are treated as employees for tax purposes. This means that an S corporation must ...
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Casualty Loss and Tax Deductions
Losing personal property to disaster or theft can be traumatic, especially if it is a home, vehicle, or prized family ...
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What to Know About the Tax Treatment of Wages and Salaries
If you receive wage income at any point during the calendar year, you will likely need to include it on ...
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Tax Filing and Payment Deadline Extended to May 17, 202
Tax Filing and Payment Deadline Extended The Treasury Department and Internal Revenue Service announced today that the federal income tax ...
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Taxable Fringe Benefits vs. Nontaxable Fringe Benefits
As a small-business owner, you may choose to provide yourself and your workers fringe benefits. To avoid any surprises at ...
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PPP Loan and the Economic Aid Act
The United States Small Business Administration (SBA), in connection with the Treasury Department, announced that the Paycheck Protection Program (PPP) ...
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Qualifying as a Real Estate Professional and Deducting Passive Losses
A taxpayer can overcome the presumption that all rental activities are passive if the taxpayer qualifies as a real estate ...
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