Complications to the Qualified Charitable Distribution (QCD) Provision

Complications to the Qualified Charitable Distribution (QCD) Provision

The tax code includes a provision called a Qualified Charitable Distribution (QCD). This allows retirees to make contributions for significant tax benefits.
Read more
Reporting Requirement for Cryptocurrency Added by Infrastructure Bill

Reporting Requirement for Cryptocurrency Added by Infrastructure Bill

The IRS has been engaged in a virtual currency compliance campaign for 3 years. The campaign addresses tax noncompliance related to cryptocurrency use.
Read more
Hit With a Tax Penalty? Here Are a Few to Watch Out For

Hit With a Tax Penalty? Here Are a Few to Watch Out For

Most taxpayers don’t intentionally incur a tax penalty. Fiducial looks at some of the more commonly encountered penalties and how they may be avoided.
Read more
Learn How to Avoid Costly IRS Underpayment Penalties

Learn How to Avoid Costly IRS Underpayment Penalties

Underpayment penalties can become expensive and should be avoided. In this article, Fiducial offers information to stave off underpayment penalties!
Read more
What You Need to Know About the IRS and Tax Audits

What You Need to Know About the IRS and Tax Audits

Tax audits involve complexities as well as overwhelming stress and emotions. Even highly capable people find themselves feeling defenseless and intimidated.
Read more
End of Year Is Almost Here! Are You a Candidate for Bunching?

End of Year Is Almost Here! Are You a Candidate for Bunching?

Are your itemized deductions typically roughly equal to the standard deduction amount? Then you may be a good candidate for using the bunching strategy.
Read more
10 Tax Strategies to Consider Before the End of 2021

10 Tax Strategies to Consider Before the End of 2021

The holiday season is almost upon us, and the 2021 tax preparation season will soon follow. Now is the time to take advantage tax-saving strategies.
Read more
Household Employee or Contractor? Fiducial Explains the Difference

Household Employee or Contractor? Fiducial Explains the Difference

The IRS requires employers to withhold taxes for employees and issue them W-2s. So, what is the difference between a household employee and a contractor?
Read more