The IRS Wants Taxpayers to Get an IP PIN for the 2025 Tax Season
The IRS issued a news release on Wednesday, October 23, that encouraged taxpayers to get an Identity Protection Personal Identification…
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The Nanny Tax: What Household Employers Need to Know
Hiring household help, whether you employ a nanny, housekeeper or gardener, can significantly ease the burden of childcare and daily…
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From Flights to Meals: A Guide to Business Travel Tax Deductions
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding…
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FinCEN Publishes BOI Reporting Outreach and Education Toolkit
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued another resource to familiarize small business owners…
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Is Your Money-Losing Activity a Hobby or a Business?
Let’s say you have an unincorporated sideline activity that you consider a business. Perhaps you offer photography services, create custom…
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Advantages of Keeping Your Business Separate From Its Real Estate
Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It…
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IRS Announces Hurricane Tax Relief for SC, NC, GA, and More
In the wake of Hurricane Helene, the IRS announced another piece of tax relief on October 1st, 2024. This applies…
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2024 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep…
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The “Kiddie Tax” and How to Avoid It
The “Kiddie Tax” taxes a child’s net unearned income over a threshold amount at their parent’s higher tax rate. The…
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IRS Launches Second ERC Voluntary Disclosure Program
By Debbie Tam, CPP, Checkpoint On August 15, 2024, the IRS announced the launch of the Second Employee Retention Voluntary…
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IRS Postpones Tax Deadlines for Victims of Hurricane Debby
The IRS has postponed tax deadlines for victims of Hurricane Debby in Florida, Georgia, and North and South Carolina. Affected…
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FinCEN Explains, Refines Beneficial Ownership Reporting Requirements
By Maureen Leddy & Tim Shaw, Checkpoint With the Corporate Transparency Act‘s beneficial ownership reporting deadline looming, the agency in…
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