Category: Tax Central

September 1 – 2019 Fall and 2020 Tax Planning Contact this office to schedule a consultation appointment. September 10 – Report Tips to Employer If

Article Highlights: Purchase Costs  Points  Mortgage Payments  Property Taxes  Inflation  Gain Exclusion  Renting Versus Owning  Housing is a big expense for everyone. The choice generally

Article Highlights: Limitation to Losses within Disaster Areas  Cost versus Market Value  Home Tax Losses  Home Tax Gains  Replacement Properties  Home Gain Exclusion  The late-2017

Article Highlights: Employee Stock Options  Stock Option Terminology  Incentive Stock Options  Non-qualified Stock Options  Tax Strategies  If you are an employee of a corporation, as

Article Highlights: Hobby Losses  Not-for-Profit Rules  Determining Factors  Trade or Business Presumption  Hobby Tax Reporting  Self-Employment Tax  Generally, when individuals have a hobby, they have

Article Highlights: Purpose of the Earned Income Tax Credit Qualifications Earned Income Qualified Child Credit Phaseout Computing the Credit Investment Income Limit Combat Pay Election

Article Highlights: Crowdfunding Sites Gifts Charitable Gifts Business Ventures SEC Registration Raising money through Internet crowdfunding sites prompts questions about the taxability of the money

Article Highlights: Wildfires Planned Power Outages Solar Batteries Solar Tax Credit Over the past few years, several wildfires have been blamed on power lines downed

Article Highlights Improvements for Medical Care or Treatment Improvements That Increase the Home’s Value Improvements That Do Not Increase the Home’s Value Medical AGI Limitations

Article Highlights: Taxpayer First Act Taxpayer Notification when a SSN is Fraudulently Used Purpose of an IP PIN Obtaining an IP PIN Is an IP