Tax Central – Page 19 – Fiducial Blog

Why You May Receive an IRS Form 1099-K This Year

November 2, 2022

Effective for 2022 and beyond, Congress reduced the threshold for the Form 1099-K filing requirement. Fiducial explores the ways taxpayers can be affected.

The Inflation Reduction Act Gives the Solar Tax Credit New Life

October 28, 2022

The Inflation Reduction Act gives new life to the federal solar tax credit. It also provides guidelines allowing batteries to also qualify for the credit.

The New Home Energy Improvement Credit Is Bigger and Better

October 26, 2022

A tax credit for making energy-saving improvements to a home isn't new. However, the Inflation Reduction Act enhanced the home energy improvement credit.

Electric Vehicle Credit Undergoes Major Overhaul

October 24, 2022

Recently, the Inflation Reduction Act of 2022 was passed. With it, the electric vehicle credit has undergone some major changes.

IRS News Regarding Employer Reversion and Spinoff/Termination

October 21, 2022

What happens when a qualified retirement plan terminates with surplus funds? Employer reversion. And the IRS has specific rules governing this process.

Worried About an IRS Audit? Advanced Preparation is Key

October 19, 2022

IRS audit rates are historically low, but that’s little consolation if your return is chosen. With proper preparation and planning, you should fare well.

Calling All Employers: A Quick Refresher on Employment Taxes

October 17, 2022

What are the requirements for employers regarding federal employment taxes? It’s not a bad idea to occasionally review the basics of employment taxes.

Should There Be New Tax Rules for Telecommuters?

October 10, 2022

Employers and employees enjoy being telecommuters - even post-pandemic. Should the IRS update the tax rules re: the deductibility of travel expenses?