by Dave Hooper | Jul 26, 2021 | Articles, Individuals, Tax Preparation
IRS Unveils Online Tool to Register for Monthly Child Tax Credit Payments Article Highlights: Increased Child Tax Credit High Income Phaseout Advanced Payments Non-filer Credit Registration IRS Letters Scam Awareness As we noted in prior articles, Congress has made...
by Dave Hooper | Jul 21, 2021 | Individuals, Planning Services, Tax Preparation
Tax Issues Related to Renting Your Vacation Home Article Highlights: If You Don’t Rent Your Property If You Rent Your Property Rented Fewer Than 15 Days Personal Use Is Less Than the Greater of 15 Days or 10% of the Rental Days Personal Use Exceeds the Greater of 14...
by Dave Hooper | Jul 19, 2021 | Individuals, Tax Preparation
Taxes and Divorce Article Highlights: Filing Status Claiming the Children as Dependents Child Exemption Head-of-Household Filing Status Tuition Tax Credit Child Care Tax Credit Child Tax Credit Earned Income Tax Credit Alimony If you are recently divorced or are...
by Dave Hooper | Jul 14, 2021 | Individuals, Planning Services, Tax Preparation
3 Reasons Paying Your Bills Early Will Benefit You If there’s anything we all learned from 2020, it’s that things can change in a heartbeat and that the unexpected can create real havoc. Though there’s nothing you can do to stop fate’s freight trains from barreling...
by Dave Hooper | Jul 12, 2021 | Individuals, Tax Preparation
Tax Deductions Related to Charity Auctions Article Highlights: Purchase of Items at Charity Auction Auction Donor Appreciated Property Fair Market Value (FMV) Unrelated Use Contributions of “Use” It is common practice for charities to hold auction events where...
by Dave Hooper | Jul 5, 2021 | Individuals, Resource, Tax Preparation
2021 – the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers Article Highlights: Child and Dependent Care Credit Workers Can Set Aside More in a Dependent Care FSA Childless EITC Expanded Changes Expanding EITC for 2021 and...
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