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Latest Articles
Tax Planning: Facts About Credits and Deductions - Sep 2021 (Money)
Tax credits and deductions can mean more money in a taxpayer's pocket. Here are a few facts about credits and deductions that help taxpayers with their year-round tax planning:T...
Mukesh Makker
How To Get an Identity Protection Pin - Sep 2021 (Money)
An Identity Protection PIN is a six-digit number eligible taxpayers get to help prevent their Social Security number or Individual Taxpayer Identification Number from being used to file fraudulent fed...
Mukesh Makker
Gross Receipts Safe Harbor for Employers Claiming ERC - Sep 2021 (Money)
Safe harbor is now available that allows employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are:<...
Mukesh Makker
Reminder: Protect Yourself From Scammers - Sep 2021 (Money)
Understanding how the IRS communicates can help taxpayers protect themselves from scammers who pretend to be from the IRS with the goal of stealing personal information. For example, the IRS typica...
Mukesh Makker
Extension Deadline Looming for 2020 Tax Returns - Sep 2021 (Money)
Time is running short for taxpayers who requested an extra six months to file their 2020 tax return. As a reminder, Friday, October 15, 2021, is the extension deadline for most taxpayers. Taxpayers wh...
Mukesh Makker
Tax Rules for Divorce and Alimony Payments - Sep 2021 (Money)
Divorce is a painful reality for many people, both emotionally and financially. Quite often, the last thing on anyone's mind is the effect a divorce or separation will have on their tax situation. To ...
Mukesh Makker
Verifying Your Identity When Calling the IRS - Sep 2021 (Money)
Sometimes, taxpayers need to call the IRS about a tax matter. If this is the case, they should know that IRS phone assistors take great care to only discuss personal information with the taxpayer o...
Mukesh Makker
Six Things To Know Before You Start a Business - Sep 2021 (Money)
Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Understanding the tax responsibilities of starting a business venture can save taxpayer...
Mukesh Makker
What Is a Designated Roth Account? - Sep 2021 (Money)
Many 401(k) plans allow taxpayers to make Roth contributions as long as the plan has a designated Roth account. Your plan may also allow you to transfer amounts to the designated Roth account in th...
Mukesh Makker
Tax Relief for Those Affected by Natural Disasters - Sep 2021 (Money)
Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the U.S. this year, many have b...
Mukesh Makker

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