RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Thu, 01 Jul 2021 09:00:00 -0500 Thu, 01 Jul 2021 09:00:00 -0500 What Is the Net Investment Income Tax? The Net Investment Income Tax tends to affect wealthier individuals, but in certain circumstances, it can affect moderate-income taxpayers too. Thu, 01 Jul 2021 09:00:00 -0500 Small Business: Understanding Payroll Expenses Whether you're a small business owner who is just starting or one who has been in business for a while - ready to hire an employee or two - here is what you should know about withholding, reporting, and paying employment taxes. Thu, 01 Jul 2021 09:00:00 -0500 Settling Tax Debt With an IRS Offer in Compromise If you owe money to the IRS, an offer in compromise could be the answer. Thu, 01 Jul 2021 09:00:00 -0500 Employee Relocation: What Happens to Your Home? Employees and small business owners often have questions about what to do with an employee's home - and what the tax consequences might be - when they move to a new job location. Here are some answers. Thu, 01 Jul 2021 09:00:00 -0500 Advance Child Tax Credit Payments Start This Month More than 36 million American families may be eligible to receive monthly Child Tax Credit payments starting July 15, 2021. Here's what families need to know. Thu, 01 Jul 2021 09:00:00 -0500 What are Estimated Tax Payments? Estimated tax is the tax paid on income not subject to withholding, such as income from self-employment, interest and dividends, rent, prizes and awards, and gains from the sale of assets. Tue, 01 Jun 2021 09:00:00 -0500 Tips to Help You Figure Out if Your Gift is Taxable If you've given money or property to someone as a gift, you may owe federal gift tax. There are, however, exceptions. Tue, 01 Jun 2021 09:00:00 -0500 Tax Considerations When Selling Your Small Business If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is that without a tax planning strategy in place, you could be liable for capital gains and other taxes - leaving you with far less cash than you anticipated. Tue, 01 Jun 2021 09:00:00 -0500 Expat Compliance With US Tax Filing Obligations If you're an expat who has relinquished - or intends to relinquish - your US citizenship but still has US tax filing obligations (including owing back taxes), you'll be relieved to know there are IRS procedures in place that allow you to come into compliance and receive relief for any back taxes owed. Tue, 01 Jun 2021 09:00:00 -0500 Changing Jobs? Don't Forget About Your 401(k) One of the most important questions you face when changing jobs is what to do with the money in your 401(k) account. Making the wrong move could cost you thousands of dollars or more in taxes and lower returns. Tue, 01 Jun 2021 09:00:00 -0500 How will the Tax Cuts & Jobs Act affect your taxes in 2018? Public Law No: 115-97 - H.R.1 - Tax Cuts and Jobs Act of 2017 (TCJA of 2017) - this bill amends the Internal Revenue Code to reduce tax rates and modify policies, credits, and deductions for individuals and businesses. Wed, 27 Dec 2017 09:00:00 -0600 Five Facts about Charitable Contributions With the holidays around the corner, many people will be making donations to benefit charitable organizations. However, come tax time, the person who made the donation might also benefit. Sat, 09 Dec 2017 09:00:00 -0600 Individual Taxpayers: Seven Things to Do When an IRS Letter Arrives The IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS Fri, 24 Nov 2017 09:00:00 -0600 Taxpayers Can Explore Payment Options Any Time of the Year The IRS understands that taxpayers who owe money need choices on how they can make payments to the agency. IRS offers three easy ways to pay taxes. Fri, 10 Nov 2017 09:00:00 -0600 Members of the Armed Forces Get Special Tax Benefits Members of the military may qualify for tax breaks and benefits. Special rules could lower the tax they owe or give them more time to file and pay taxes. Fri, 10 Nov 2017 09:00:00 -0600 Early Withdrawals from Retirement Plans Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax taxpayers may have to pay. Fri, 27 Oct 2017 09:00:00 -0500 Retirement Plans A description & comparison of retirement plans offered by Employers Wed, 18 Oct 2017 09:00:00 -0500 Retirement Accounts A description & comparison of retirement accounts offered by banks Wed, 18 Oct 2017 09:00:00 -0500 Business Structures A description & comparison of business structures Wed, 18 Oct 2017 09:00:00 -0500 Gifts to Charity: Six Facts About Written Acknowledgements Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions Mon, 16 Oct 2017 09:00:00 -0500 Treasury Offset Program The Treasury Offset Program will use all or part of a federal tax refund to settle certain unpaid federal or state debts. Fri, 13 Oct 2017 09:00:00 -0500 Learn about Tax Benefits for Education The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Wed, 30 Aug 2017 09:00:00 -0500 Job Search Expenses Can be Tax Deductible Taxpayers who are looking for a new job that is in the same line of work may be able to deduct some job-hunting expenses on their federal income tax return, even if they don’t get a new job. Fri, 25 Aug 2017 09:00:00 -0500 Know Your Taxpayer Bill of Rights Every taxpayer has a set of fundamental rights and the IRS has an obligation to protect them. The Taxpayer Bill of Rights€ groups the taxpayer rights found in the tax code into 10 categories. Fri, 18 Aug 2017 09:00:00 -0500 Personal Monthly Budget Do you ever wonder where your money goes each month? Does it seem like you're never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals. Tue, 03 Jan 2017 09:00:00 -0600 New Client Offer - $25 Off Tax Services Sun, 01 Jan 2017 09:00:00 -0600 CPACory Tax Services Form 2016 Sun, 01 Jan 2017 09:00:00 -0600