The IRS has warned taxpayers of a clever scheme by internet scammers to dupe taxpayers into revealing their bank account information under the guise of receiving the $1,200 Economic Impact Payment (EIP) that Congress authorized last Spring.
Criminals…
https://10keysolutions.com/wp-content/uploads/2017/02/SU-Design-1500324421.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2020-11-10 19:38:272020-12-23 19:42:31Beware of New Text Scam Related to Stimulus Payments
Many taxpayers rent out their first or second homes without considering tax consequences. Some of these rules can be beneficial, while others can be very detrimental. If you rent your home to others, then you should be aware of some special…
https://10keysolutions.com/wp-content/uploads/2019/03/Home-Owner.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2020-11-05 19:35:552020-12-23 19:38:02Renting Your Home or Vacation Home for Short Periods
To cope with inflation, the tax code requires the IRS to adjust the tax rates, standard deductions, and a variety of other tax related numbers each year. Due to the relatively low rate of inflation from 2020 to 2021 (at least according to the…
https://10keysolutions.com/wp-content/uploads/2019/10/Stock.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2020-11-03 19:33:202021-02-15 21:24:42IRS Releases Inflation Adjustments for 2021
As the end of the tax year approaches, it is worth spending a few minutes reviewing some of the changes that have been made in the tax laws surrounding donations to charities. In some cases, this guide will serve as a refresher regarding revisions…
https://10keysolutions.com/wp-content/uploads/2017/11/capitol.jpg341700Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2020-10-31 19:31:162020-12-23 19:33:06Tax Law Changes Allow Year-End Charitable Planning Opportunities
Are inheritances taxable? This is a frequently misunderstood taxation issue, and the answer can be complicated. When someone passes away, all of their assets (their estate) will be subject to estate taxation, and whatever is left after paying…
https://10keysolutions.com/wp-content/uploads/2019/06/Finance.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2020-10-28 19:29:502020-12-23 19:31:03Is That Inheritance Taxable?
One frequently overlooked tax benefit is the spousal IRA. Generally, IRA contributions are only allowed for taxpayers who have compensation (the term “compensation” includes wages, tips, bonuses, professional fees, commissions, taxable alimony…
https://10keysolutions.com/wp-content/uploads/2019/03/Retirement.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2020-10-25 19:24:412020-12-23 19:29:20Don’t Miss the Opportunity for a Spousal IRA
October 13 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 13. Your employer…
https://10keysolutions.com/wp-content/uploads/2017/07/SU-Design-1500326131.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2020-09-30 14:34:152020-09-30 14:34:15October 2020 Individual Due Dates
Keeping your designated IRA beneficiary current is very important. You may not want your account going to your ex-spouse, and you certainly do not want a deceased individual to be your beneficiary. In addition, the decision concerning whom you…
https://10keysolutions.com/wp-content/uploads/2018/03/Seniors.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2020-09-29 14:55:242020-09-30 14:56:33Keeping Your Designated IRA Beneficiary Current is Important
The COVID-19 pandemic has had a devastating financial impact on thousands of Americans across the country. During the second quarter of 2020, the economy contracted by 32%, resulting in millions of taxpayers have filed for unemployment for the…
https://10keysolutions.com/wp-content/uploads/2019/03/Retirement.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2020-09-27 14:53:532020-09-30 14:54:58Americans Are Being Forced to Tap into Their Retirement Savings During COVID-19
Beware of New Text Scam Related to Stimulus Payments
Renting Your Home or Vacation Home for Short Periods
IRS Releases Inflation Adjustments for 2021
Tax Law Changes Allow Year-End Charitable Planning Opportunities
Is That Inheritance Taxable?
Don’t Miss the Opportunity for a Spousal IRA
October 2020 Individual Due Dates
Keeping Your Designated IRA Beneficiary Current is Important
Americans Are Being Forced to Tap into Their Retirement Savings During COVID-19