Category Archives: Tax Tips

Don’t Take the Bait, Step 6: Watch Out for the W-2 Email Scam

The following article was published by the IRS. The IRS, state tax agencies and the tax industry today urged tax professionals and businesses to beware of a recent increase in email scams targeting employee Forms W-2. The W-2 scam – … Continue reading

Posted in Accounting, Fraud, IRS, Personal Finance, Personal Taxes, Planning Strategies, Tax Tips | Tagged , , , , | Leave a comment

Reduce Certain Summertime Costs with the Child and Dependent Care Tax Credit

The following article was published by the IRS. Many parents send their children to summer day camps while they work or look for work. The IRS urges those who do to save their paperwork for the Child and Dependent Care … Continue reading

Posted in Child & Dependent Care Credit, IRS, Personal Finance, Personal Taxes, Planning Strategies, Tax Tips | Tagged , , , ,

Top 7 Benefits of 529 Plans

There are many benefit to 529 College Plans. These college savings vehicles offer excellent benefits for anyone looking to save money for college. Here are 7 reasons to open an account if you haven’t already: Federal Tax Benefits. While you don’t … Continue reading

Posted in Government, Personal Finance, Planning Strategies, Tax Credits, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , , ,

Plan Ahead for Tax Time When Renting Out Residential or Vacation Property

The following article was published by the IRS. Summertime is a time of year when people rent out their property. In addition to the standard clean up and maintenance, owners need to be aware of the tax implications of residential … Continue reading

Posted in Personal Finance, Personal Taxes, Planning Strategies, Tax Tips, Vacation Tips | Tagged , , , , ,

IRS Website Provides Tools to Help Small Businesses Understand Employment Taxes

The following article was published by the IRS. The Internal Revenue Service reminds small businesses of the many free products available to help them understand and comply with the law. Products ranging from online calculators, printable calendars, step-by-step guides and … Continue reading

Posted in Accounting, EFTPS, IRS, Payroll, Self-Employed, Tax Tips | Tagged , , , ,

Startups Can Choose New Option for Claiming Research Credit

The following article was published by the IRS. Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue … Continue reading

Posted in IRS, Planning Strategies, Self-Employed, Tax Tips, U.S. Small Business Administration | Tagged , , ,