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Archive for the ‘Individual Tax’ Category

December 30, 2021

An Overview of Tax Changes for 2022

  Here’s a quick review of some of the tax changes you’ll see from 2021 to 2022 as a result of inflation adjustments and new tax laws. Tax Provision 2021 2022 +/- Business equipment Sec….

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December 17, 2021

Winter 2021 Tax Deadlines and IRS News

Taxpayers should mark their calendars and consult with their CPA and advisors on the following deadlines. Upcoming Tax Deadlines January 3, 2022 • Extended deadline for those impacted by Hurricane Ida in designated disaster areas….

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October 25, 2021

What Tax Records Do I Need to Keep?

Each of us needs to keep records that substantiate our tax return or other important life events for as long as they are needed. So what does this mean? The basic retention period Federal tax…

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October 07, 2021

Income the IRS Can’t Touch

Wouldn’t it be nice to have a source of nontaxable income? You may be more fortunate than you realize. Here are several types of income that the IRS does not tax. 1. Tax-free interest. The…

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