2021 YEAR-END TAX SAVING STRATEGIES
There is no doubt in my mind that as a taxpayer, you will like to know few tax tips that will put some money back into your pocket or save you some tax dollars. These basic strategic tax tips can go a long way to put money back into your pocket. Please enjoy this journey […]
PRESIDENT BIDEN SIGNED $1 TRILLION INFRASTRUCTURE INVESTMENT AND JOBS ACT
As the 2021-year winds down, here’s a quick take away or quick summary of what you need to know about the $1 trillion dollar bill that was signed into law by President Joe Biden. The game changer in the new law includes IRS information reporting requirements that will require cryptocurrency exchanges to perform intermediary Form […]
January 2019 Compliance Reminders
Here is a short and simple list of reminders related to January 2019 filing deadlines. Most of you are probably aware of these deadlines but it never hurts to reinforce in order to avoid penalties for non-compliance. The examples below, especially those related to 1099-MISC are not all inclusive, but rather the most common transacts […]
2017 Snapshot Summary of the Tax Cuts & Jobs Act
By Solomon Ojudoh, CPA, CGMA, MBA On December 22, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” This new tax law entirely changes the landscape for what tax practitioners called Section 26 of the US Code (IRS Code). No time to waste anymore. Please reach out to us for strategic […]
2017 Year-End Moves That Will Best Position Taxpayers For Tax Savings Next Year
Congress seems to be on a route to fundamentally change the way federal tax will be calculated. Let’s be clear, even though most experts expect a major tax law to be enacted this year, there’s no guarantee that this will happen, so let’s keep our fingers crossed until the President signs the tax bill into […]
Tax Tips That Will Put Tax Dollars Back Into Your Pocket (Part 2)
Somebody said “the main thing is to keep the main thing, the main thing”. The main objective of this blog is to show taxpayers tax tips that can save taxpayers some tax dollars. Charitable Giving: This is another pretty good way of reducing your tax liability. Taxpayers can generally deduct cash or non-cash charitable donations […]
Tax Tips That Will Put Tax Dollars Back Into Your Pocket (Part 1)
According to Benjamin Franklin, in this world nothing can be said to be certain, except death and taxes. There is no doubt in my mind that as a taxpayer, you would like to know a few tax tips that will put some money back into your pocket or save you some tax dollars. These basic […]
