by Christina Minton | Jan 17, 2022 | Whats New
The IRS recently announced it will be sending out a recap of payments sent to taxpayers for the multple rounds of Economic Impact Payments and Advanced Child Tax Payments. Here is what you need to know. Economic Impact Payments During 2021, the IRS issued millions of...
by Christina Minton | Jan 10, 2022 | Miscellaneous
Now is the time to make your estimated tax payment If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The 2021 4th quarter due date is now here. Due date: Tuesday, January 18,...
by Christina Minton | Jan 3, 2022 | Whats New
New mileage rates announced by the IRS Mileage rates for travel are now set for 2022. The standard business mileage rate increases by 2.5 cents to 58.5 cents per mile. The medical and moving mileage rates also increases by 2 cents to 18 cents per mile. Charitable...
by Christina Minton | Dec 27, 2021 | Planning
Tax saving tips for parents AND grandparents Now is the time to take action on reducing next year’s tax bill. One area to help reduce your tax obligation is leveraging your kids to the fullest by understanding the kiddie tax rules. Background The term kiddie tax...
by Christina Minton | Dec 20, 2021 | Miscellaneous
The real estate boom creates opportunity The tax law provides a valuable tax-saving opportunity to business owners and real estate investors who want to sell property and acquire similar property at about the same time. This tax break is known as a like-kind or...
