Tax Rules on Deducting Work Clothing
We have received a lot of questions about the tax deductibility of work clothing under the new tax law, the Tax Cuts and Jobs Act, TCJA, tax reform or otherwise known as the “Trump Tax Law.” When the law took effect, there were some changes that were made to the deductibility of the work clothing. […]
It’s Lien Season
For many of us, we can tell when the seasons are changing such as the leaves turning colors (Fall), snow piling on the ground (winter), weather getting warmer (Summer). In the Tax world, we know when the season starts for the IRS to start coming after taxpayers for unpaid taxes, which is immediately after the […]
School’s Out for the Summer! Now Who’s Going to Watch the Kids?
Summer is here, and that means the kids are home from school – but for many working parents, it also means they need to find a daily childcare solution during the workweek. The good news is, there is a helpful tax break that provides relief when it comes to summer childcare. Tax Credits for Childcare […]
Austin Tax Planner Earns Certified Tax Coach™ Designation
Austin, TX – May 10, 2019 Eric Pierre announced today that he is one of just over 700 tax professionals who has completed the American Institute for Certified Tax Planners™’ training academy leading to the Certified Tax Coach™ designation. “Taxpayers who really want to beat the IRS can’t wait for their accountant to work magic […]
San Diego Tax Planner Earns Certified Tax Coach™ Designation
San Diego, CA – May 10, 2019, Eric Pierre announced today that he is one of just over 700 tax professionals who has completed the American Institute for Certified Tax Planners™ ’ training academy leading to the Certified Tax Coach™ designation. “Taxpayers who really want to beat the IRS can’t wait for their accountant to […]
April 2019 Tax Due Dates for Businesses
April 1 – Electronic Filing of Forms 1098, 1099 and W-2G If you file Forms 1098, 1099 (other than 1099-MISC with an amount in box 7), or W-2G electronically with the IRS, this is the final due date. This due date applies only if you file electronically (not paper forms). Otherwise, January 31 or February […]
April 2019 Tax Due Dates for Individuals
April 1 – Last Day to Withdraw Required Minimum Distribution Last day to withdraw 2018’s required minimum distribution from Traditional or SEP IRAs for taxpayers who turned 70½ in 2018. Failing to make a timely withdrawal may result in a penalty equal to 50% of the amount that should have been withdrawn. Taxpayers who became […]
How to Pay Your Taxes
If you aren’t one of those lucky Americans who get a tax refund from the IRS, you might be wondering how you go about paying your balance due. Here are some electronic and manual payment options that you can use to pay your federal income tax: Electronic Funds Withdrawal You can pay using funds from […]
Tax Filing Deadline is Fast Approaching
As a reminder to those who have not yet filed their 2018 tax returns, April 15, is the due date to either file a return (and pay the taxes owed) or file for an automatic six-month extension (and pay the estimate of the taxes owed). Caution should be exercised when preparing the extension application, which […]
77 Possible Business Tax Deductions
Let’s set the Record straight. The key to minimizing your taxes isn’t necessarily in knowing all your tax deduction possibilities, but rather in good Record Keeping. With a well knowledgeable CPA, you don’t have to worry about being an expert in tax laws and business deductions. Keeping good records will ensure your CPA can maximize […]