by Dave Hooper | Jun 7, 2021 | Business Services, Individuals, Resource
June 2021 Individual Due Dates June 1 – Final Due Date for IRA Trustees to Issue Form 5498 Final due date for IRA trustees to issue Form 5498, providing IRA owners with the fair market value (FMV) of their IRA accounts as of December 31, 2020. The FMV of an IRA...
by Dave Hooper | May 11, 2021 | Individuals, Tax Preparation
Owe Taxes and Can’t Pay by the Due Date? Article Highlights: If you can’t pay Loans Credit card payments IRS Installment agreement Retirement funds The vast majority of Americans get a tax refund from the IRS each spring, but what if you are one of those who end...
by Dave Hooper | May 10, 2021 | Individuals, Planning Services, Tax Preparation
Consequences of Filing Married Separately Article Highlights: Changing Filing Status Liability Community Property States Social Security Benefits Capital Loss Limitations Sec 179 Business Expensing Election Rental Loss Limitation Traditional IRA Contributions Roth IRA...
by Dave Hooper | May 3, 2021 | Individuals, Planning Services, Resource
Defer Taxes with Installment Sales Article Highlights: Capital gains rates Surtax on net investment income How it works Existing mortgages Tying up your funds Tax law changes Selling a property one has owned for a long period of time will frequently result in a...
by Dave Hooper | Apr 23, 2021 | Announcements, Business Services, Individuals
May 2021 Individual Due Dates May 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 1110. Your employer is...
by Dave Hooper | Apr 5, 2021 | Business Services, Individuals, Tax Preparation
5 Tips for Operating a Successful Gaming Business When you were growing up, you dreamed of being able to one day play video games for a living – finding a way to make a career out of your favorite hobby. Technology has made it so that many gamers have turned that...
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