Tax Central – Page 40 – Fiducial Blog

Unemployment Fraud Creates Tax Stress for Unsuspecting Taxpayers

April 5, 2021

Improper unemployment payments cost the US $36 to $63 billion in 2020.The improper payments are a result of unemployment fraud.

Mark Your Calendar! April 2021 Individual and Business Tax Due Dates

April 2, 2021

April is a big month for tax due dates! The deadline to file has been extended to May 17th, but there are still some taxes due in April. Mark your calendar!

Were You the Victim of a Qualified Disaster? There Is Tax Relief Available

March 31, 2021

Often, legislation provides tax relief to the victims of a qualified disaster. Now, we have the Taxpayer Certainty and Disaster Tax Relief Act of 2020.

What Are the Tax Benefits and Drawbacks of Home Ownership?

March 29, 2021

Housing is a big expense for everyone. Fiducial looks at the tax benefits and drawbacks of buying, financing, and owning a home.

Fiducial’s List of Tax Deductions You Can Take Without Itemizing

March 26, 2021

Most taxpayers think they must itemize their tax deductions to claim them on their return. You can claim some deductions while using the standard deduction.

Interaction between PPP Loans and the Employee Retention Credit (ERC)

March 24, 2021

The Consolidated Appropriations Act (CCA) included a very tax-beneficial provision. This provision liberalized the interaction between PPP loans & the ERC.

IRS Offers New Identity Protection (IP PIN) for Taxpayers

March 19, 2021

The IP PIN is a six-digit code known only to the taxpayer and the IRS. It helps prevent identity thieves from filing fraudulent tax returns.

Standard Mileage Rates Announced for 2021. What Has Changed?

March 17, 2021

The IRS annually computes standard mileage rates for use of a vehicle for business, medical and moving purposes. New rates take effect on January 1, 2021.