cpacory.com RSS Feed https://cpacory.com/ 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? https://www.cpacory.com/newsletter.php#5 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 https://www.cpacory.com/newsletter.php#5 Small Business: Understanding Payroll Expenses https://www.cpacory.com/newsletter.php#2 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 https://www.cpacory.com/newsletter.php#2 Settling Tax Debt With an IRS Offer in Compromise https://www.cpacory.com/newsletter.php#4 If you owe money to the IRS, an offer in compromise could be the answer. Thu, 01 Jul 2021 09:00:00 -0500 https://www.cpacory.com/newsletter.php#4 Employee Relocation: What Happens to Your Home? https://www.cpacory.com/newsletter.php#3 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 https://www.cpacory.com/newsletter.php#3 Advance Child Tax Credit Payments Start This Month https://www.cpacory.com/newsletter.php#1 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 https://www.cpacory.com/newsletter.php#1 What are Estimated Tax Payments? https://www.cpacory.com/newsletter.php#5 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 https://www.cpacory.com/newsletter.php#5 Tips to Help You Figure Out if Your Gift is Taxable https://www.cpacory.com/newsletter.php#3 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 https://www.cpacory.com/newsletter.php#3 Tax Considerations When Selling Your Small Business https://www.cpacory.com/newsletter.php#1 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 https://www.cpacory.com/newsletter.php#1 Expat Compliance With US Tax Filing Obligations https://www.cpacory.com/newsletter.php#4 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 https://www.cpacory.com/newsletter.php#4 Changing Jobs? Don't Forget About Your 401(k) https://www.cpacory.com/newsletter.php#2 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 https://www.cpacory.com/newsletter.php#2 How will the Tax Cuts & Jobs Act affect your taxes in 2018? https://www.cpacory.com/blog.php?id=20 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 https://www.cpacory.com/blog.php?id=20 Five Facts about Charitable Contributions https://www.cpacory.com/blog.php?id=19 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 https://www.cpacory.com/blog.php?id=19 Individual Taxpayers: Seven Things to Do When an IRS Letter Arrives https://www.cpacory.com/blog.php?id=18 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 https://www.cpacory.com/blog.php?id=18 Taxpayers Can Explore Payment Options Any Time of the Year https://www.cpacory.com/blog.php?id=16 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 https://www.cpacory.com/blog.php?id=16 Members of the Armed Forces Get Special Tax Benefits https://www.cpacory.com/blog.php?id=17 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 https://www.cpacory.com/blog.php?id=17 Early Withdrawals from Retirement Plans https://www.cpacory.com/blog.php?id=15 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 https://www.cpacory.com/blog.php?id=15 Retirement Plans https://www.cpacory.com/blog.php?id=3 A description & comparison of retirement plans offered by Employers Wed, 18 Oct 2017 09:00:00 -0500 https://www.cpacory.com/blog.php?id=3 Retirement Accounts https://www.cpacory.com/blog.php?id=14 A description & comparison of retirement accounts offered by banks Wed, 18 Oct 2017 09:00:00 -0500 https://www.cpacory.com/blog.php?id=14 Business Structures https://www.cpacory.com/blog.php?id=4 A description & comparison of business structures Wed, 18 Oct 2017 09:00:00 -0500 https://www.cpacory.com/blog.php?id=4 Gifts to Charity: Six Facts About Written Acknowledgements https://www.cpacory.com/blog.php?id=13 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 https://www.cpacory.com/blog.php?id=13 Treasury Offset Program https://www.cpacory.com/blog.php?id=12 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 https://www.cpacory.com/blog.php?id=12 Learn about Tax Benefits for Education https://www.cpacory.com/blog.php?id=11 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 https://www.cpacory.com/blog.php?id=11 Job Search Expenses Can be Tax Deductible https://www.cpacory.com/blog.php?id=10 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 https://www.cpacory.com/blog.php?id=10 Know Your Taxpayer Bill of Rights https://www.cpacory.com/blog.php?id=9 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 https://www.cpacory.com/blog.php?id=9 Personal Monthly Budget https://www.cpacory.com/blog.php?id=8 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 https://www.cpacory.com/blog.php?id=8 New Client Offer - $25 Off Tax Services https://www.cpacory.com/blog.php?id=7 Sun, 01 Jan 2017 09:00:00 -0600 https://www.cpacory.com/blog.php?id=7 CPACory Tax Services Form 2016 https://www.cpacory.com/blog.php?id=6 Sun, 01 Jan 2017 09:00:00 -0600 https://www.cpacory.com/blog.php?id=6