Personal – Page 23 – Fiducial Blog

New year 2021 list. Office desk table with notebooks and pencil with copy space.

IRS Issues Final Regs on ICHRAs. Here’s What You Need to Know

February 3, 2021

The IRS has issued final regs that clarify the application of employer shared responsibility provisions under the ACA. The regs also address ICHRAs.

Didn’t Receive Your EIP? Claim It on Your 2020 Return

January 25, 2021

Congress called them recovery rebates. You may know them as the Economic Impact Payments (EIP).Didn't get yours? Claim it on your 2020 tax return.

Don't Miss Out on the Opportunity for a Spousal IRA

January 1, 2021

One frequently overlooked tax benefit is the spousal IRA. They allow a non-working or low-earning spouse to contribute to his/her own IRA, or spousal IRA.

Starting a Small Business? 9 Things to Know about Being a Sole Proprietor

December 31, 2020

Sole proprietors have alot to learn starting out. Fiducial has a quick list of nine tax rules and considerations involved in operating as a sole proprietor.

Finally, The COVID Relief Package Is Law. What Does That Mean for You?

December 30, 2020

Now that the COVID-relief package is law, we have details. This article provides an overview of the many tax provisions included in the legislation,

Don't Ignore Household Employee Payroll Tax Rules

December 28, 2020

If you hire a household employee to provide services in or around your home, you probably have a tax liability. Ignore it and it may come back to bite you.

Gambling and Tax Gotchas

December 25, 2020

There are far more tax issues related to gambling than you might expect. And these issues may impact your taxes in more ways than you might believe.

Traditional or Roth IRA? Which Plan Will Be Best for You?

December 24, 2020

The tax code offers two IRA types. Fiducial has a primer on both kinds of IRAs. Learn their pros and cons, and how to choose the one that’s right for you.