Personal – Page 2 – Fiducial Blog

Receive More than $10,000 in Cash at Your Business? Meet Form 8300

August 21, 2023

Does your business receive large amounts of cash or cash equivalents? Then you must report these transactions to the IRS using Form 8300.

When Tax Issues Become Tax Fraud in the Eyes of the IRS

August 16, 2023

The chasm between a "minor accident" and "intentional tax fraud" is a big one. The latter can get you into trouble and may venture into criminal territory.

Is Hobby Income Taxable? Are Hobby Losses Deductible?

August 14, 2023

Involved in a hobby that you not only enjoy but that produces income? If so, you should know how hobby income and expenses are treated for tax purposes.

Employee or Independent Contractor? Learn How to Classify Both

August 11, 2023

Employers often misclassify employees as independent contractors. Misclassification can have significant ramifications for the employer and the worker.

Employer-Offered Benefits That Can Save You Money and Taxes

July 21, 2023

Tax law includes tax and financial benefits that employers can offer to employees. If your employer offers these benefits, consider taking advantage.

Childcare Tax Credits: What You Need to Know

July 19, 2023

Many parents arrange for childcare for their children under 13 during the school vacation. With this added expense -thankfully- comes childcare tax credits.

Got a Letter From the IRS? Don’t Panic - Learn About CP-Series Notices!

July 17, 2023

The IRS now does most of its auditing through correspondence, so an IRS letter can cause panic. Learn more about CP-series notices and what they mean.

Are You an American Living Abroad? Here Are Tips for Expats Filing Taxes

June 30, 2023

Think that because you've moved out of the country, you don't have to pay taxes on money you earn? Not so. Expats need to continue filing taxes.