by Candy | May 18, 2021 | Business, Taxes
In 2020, there were quite a few changes to tax laws due primarily to COVID-19. Because of this, the NATP, the National Association of Tax Professionals, recommends that as a taxpayer you work with tax professionals to make sure that you have the most accurate tax...
by Candy | May 11, 2021 | Business, COVID-19, Taxes
Due to the continuing COVID-19 Pandemic, Congress had allowed for special rules regarding health FSAs (Flexible Spending Arrangements) under Section 125 Cafeteria Plans. They have also extended these to dependent care assistance programs. These new rules fall under...
by Candy | May 6, 2021 | Business, COVID-19, Taxes
https://youtu.be/WBHfvLB8Z0k Are you an individual or business owner behind on tax payments to the IRS? Has the COVID-19 Pandemic negatively impacted your income and ability to pay your liabilities? You may be able to use a first-time penalty abatement waiver or...
by Candy | May 4, 2021 | Taxes
About a decade ago the IRS created an Identity Protection PIN Program. This program gave people with confirmed identity fraud protection against further fraud happening. An IP PIN is a personalized, 6-digit numerical code for taxes; and is known only to taxpayers and...
by Candy | Apr 23, 2021 | Business, Taxes
Many families take advantage of 529 College Saving Plans and don’t realize how to use them for tax benefits without risking their financial aid. It’s imperative withdrawals from these savings plans are for the correct reasons in order to avoid income tax; for...
by Candy | Apr 22, 2021 | COVID-19, Taxes
https://youtu.be/vmVeoUs57so Are you a college student (or the parent of one) wondering how financial aid is going to affect your taxes? Are you concerned COVID grants are taxable income or will affect your future financial aid? I have great news for you! Emergency...