askcpas.com RSS Feed https://askcpas.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Mar 2021 09:00:00 -0600 Mon, 01 Mar 2021 09:00:00 -0600 Tax Breaks for Families With Children https://www.askcpas.com/newsletter.php#3 If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Mon, 01 Mar 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#3 Small Business Tax Roundup https://www.askcpas.com/newsletter.php#4 In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax provisions affecting businesses. Mon, 01 Mar 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#4 Renting Out a Second Home https://www.askcpas.com/newsletter.php#2 Tax rules on rental income from second homes can be confusing, especially if you rent the home out for several months of the year and also use the home yourself. Mon, 01 Mar 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#2 Capital Gains Tax on Sale of Stocks https://www.askcpas.com/newsletter.php#5 If you made money last year buying and selling stocks, you may owe capital gains tax. Mon, 01 Mar 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#5 Avoiding an IRS Tax Audit https://www.askcpas.com/newsletter.php#1 With taxes becoming more complicated every year, there is an even greater possibility of tax confusion turning into a tax mistake and an IRS audit. Avoiding "red flags" like these could help. Mon, 01 Mar 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#1 What's New for 2020 Tax Returns https://www.askcpas.com/newsletter.php#2 Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#2 Taxable vs. Nontaxable Income https://www.askcpas.com/newsletter.php#5 Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#5 Tax Filing Season Starts February 12 https://www.askcpas.com/newsletter.php#1 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#1 Social Security Benefits and Taxes: The Facts https://www.askcpas.com/newsletter.php#4 Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#4 Employer Tax Credit Extended for Payroll Workers https://www.askcpas.com/newsletter.php#3 Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 https://www.askcpas.com/newsletter.php#3 Property Lien Scam https://www.askcpas.com/blog.php?id=22 Thu, 26 Sep 2019 09:00:00 -0500 https://www.askcpas.com/blog.php?id=22 Summertime IRS Tax Tips https://www.askcpas.com/blog.php?id=21 Wed, 10 Jul 2019 09:00:00 -0500 https://www.askcpas.com/blog.php?id=21 Tax Reform Changes https://www.askcpas.com/blog.php?id=20 Wed, 20 Mar 2019 09:00:00 -0500 https://www.askcpas.com/blog.php?id=20 Check your paychecks https://www.askcpas.com/blog.php?id=19 Fri, 15 Mar 2019 09:00:00 -0500 https://www.askcpas.com/blog.php?id=19 Choosing tax preparers https://www.askcpas.com/blog.php?id=18 Wed, 13 Mar 2019 09:00:00 -0500 https://www.askcpas.com/blog.php?id=18 Avoiding phone scams this tax season https://www.askcpas.com/blog.php?id=17 Fri, 08 Mar 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=17 How a name change affects your tax return https://www.askcpas.com/blog.php?id=16 Thu, 07 Mar 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=16 Be prepared before contacting the IRS https://www.askcpas.com/blog.php?id=15 Wed, 06 Mar 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=15 Taxpayers who turned 70 1/2 during 2018 must begin receiving retirement plan payments https://www.askcpas.com/blog.php?id=14 Tue, 05 Mar 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=14 Taxpayer tips to minimize data theft https://www.askcpas.com/blog.php?id=13 Mon, 04 Mar 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=13 Checking your refund status https://www.askcpas.com/blog.php?id=12 Mon, 04 Mar 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=12 Tax Help https://www.askcpas.com/blog.php?id=11 Thu, 31 Jan 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=11 IRS Waives Estimated Tax Penalty https://www.askcpas.com/blog.php?id=10 Fri, 18 Jan 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=10 Form 1099-G Available for Tax Preparation https://www.askcpas.com/blog.php?id=9 Wed, 09 Jan 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=9 https://www.askcpas.com/blog.php?id=8 Tue, 08 Jan 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=8 New Limits for Important Things https://www.askcpas.com/blog.php?id=7 Fri, 04 Jan 2019 09:00:00 -0600 https://www.askcpas.com/blog.php?id=7 Thank you! https://www.askcpas.com/blog.php?id=6 Fri, 28 Dec 2018 09:00:00 -0600 https://www.askcpas.com/blog.php?id=6 Determining Who Qualifies ... Part 2 https://www.askcpas.com/blog.php?id=5 Now that we?ve determined what qualifies a child to be your qualifying child, let?s look at the four part test that determines who is a qualifying relative Mon, 27 Feb 2017 09:00:00 -0600 https://www.askcpas.com/blog.php?id=5 Determining Who Qualifies as a Dependent .... Part 1 of 2 https://www.askcpas.com/blog.php?id=4 Mon, 16 Jan 2017 09:00:00 -0600 https://www.askcpas.com/blog.php?id=4 Loan or Gift? https://www.askcpas.com/blog.php?id=3 Is this a loan or a gift? - The question every taxpayer must ask themselves before parting with a portion of their well-earned cash to a friend, relative, or that random hobo off the street. Tue, 06 Dec 2016 09:00:00 -0600 https://www.askcpas.com/blog.php?id=3