Tax Central – Page 32 – Fiducial Blog

The IRS Backlog Is Causing Taxpayer Heartburn

November 1, 2021

COVID-19 brought about a perfect storm of delays for the IRS. It has been a rough couple of years, and it is taking a long time for them to catch up.

How Can You Minimize Tax on Social Security Benefits?

October 27, 2021

Whether your Social Security benefits are taxable depends on many issues. Fiducial can help you understand the taxability of your Social Security benefits.

Higher Income Taxpayers Beware: Tax Increases May Be Coming

October 25, 2021

The House Ways and Means Committee has released a list of proposed tax changes. As you read, notice that the provisions apply to higher income taxpayers.

Employers May “Designate” Certain Payroll Tax Payments

October 22, 2021

Employers know that they must submit payroll tax payments to the federal government. However, you may have more control of those payments than you know.

M&A Transactions: Be Careful When Reporting To the IRS

October 20, 2021

Considering buying or selling a business? Already in the process of an M&A transaction? Both parties must report to IRS and state agencies in the same way.

Employers: Will your health insurance be “affordable” in 2022?

October 18, 2021

Is your organization an applicable large employer (ALE) under the ACA? Will the health insurance you offer employees be considered “affordable” next year?

Small Businesses: Here's How the U.S. Wayfair Decision Affects You if You Do Business Out of State

October 13, 2021

Do you do a significant amount of business in states other than where you have a physical presence? Then you should know about the Wayfair decision.

Tax Depreciation Rules for Business Automobiles

October 8, 2021

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated.