5 Steps to Audit-Proof Your Tax Return
No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas as you prepare your return this tax season to help avoid some of the more common…
Read More...Alloy Silverstein’s articles and insights are updated weekly. Stay tuned for the latest tips and news on managing your business, the latest tax law, preventing fraud, preparing your taxes, and more.
No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas as you prepare your return this tax season to help avoid some of the more common…
Read More...March 15th is the tax-filing due date for 2023 calendar year S corporations and partnerships. While this filing deadline does not require making a tax payment, missing the due date could cost you a hefty…
Read More...The beginning of a new year brings the need to recap the previous one for Uncle Sam. Here are some tips to get you organized. • Look for your tax forms. Forms W-2, 1099, and…
Read More...Annual contribution limits for 401(k) plans, IRAs, SIMPLE plans, and more have been increased. Now is the best time to plan your 2024 retirement contributions to take full advantage of this tax benefit. Here’s what…
Read More...By now you’ve probably heard that Intuit QuickBooks will be halting new subscriptions for several popular products this summer. As of July 31, 2024, new subscriptions in the United States will no longer be sold…
Read More...The $20,000 reporting threshold for payment card companies to issue Form 1099-K was scheduled to drop to $600 for 2023. A late change in November returned the original threshold, and the 2024 reporting threshold is…
Read More...Tax season often triggers a cascade of questions. Here are five of the most common and their answers. 1. Are the miles earned on my credit card taxable? Taxation of extras earned with a credit…
Read More...Upcoming Tax Deadlines March 15, 2024 • Deadline to file partnership and S-corporation tax returns. April 15, 2024 • Deadline to file individual, trust, gift and calendar-year C-corporation returns. • Deadline for making 2023 IRA…
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