Personal – Fiducial Blog

How Long Should You Keep Old Tax Records?

April 24, 2024

This is a common question: How long must taxpayers keep copies of their income tax returns and supporting tax records? And Fiducial has your answer.

How Do You Qualify for Innocent Spouse Relief from IRS Tax Problems?

November 10, 2023

Are you a spouse and were unaware of potential errors or underreporting on your tax return? You may be eligible for innocent spouse relief.

The Partner Employee Issue

October 4, 2023

Have an employee partner problem? Tax regulations issued by the IRS take aim at the partner employee practice and are working to put a stop to it.

6 Common Tax Mistakes That Can Land You in Trouble with the IRS

September 11, 2023

Some common tax mistakes are more than just a small problem. They could actually land you in trouble with the IRS if you're not careful.

Planning for Your Retirement – New Wrinkles from the SECURE 2.0 Act

August 30, 2023

To encourage more Americans to save for retirement, Congress designed the SECURE Act 2.0. Some of these changes could impact your retirement plan strategy.

Tax Filing Status Change This Year? Look Out for Surprises at Tax Time

August 28, 2023

A tax filing status change because of a life event such as marriage or divorce often blindsides taxpayers. Consider tax ramifications to avoid surprises.

Extreme Weather May Lead to More 401(k) Hardship Distribution Requests

August 25, 2023

Extreme weather can result in damage to personal residences. You must prepare your HR staff and employees for the hardship distribution approval process.

What Will Happen When TCJA Tax Changes Sunset in 2025?

August 23, 2023

Most of the tax changes made by TCJA will expire after 2025. This will impact long range tax planning and result in a mixed bag of tax increases and cuts.