Tax Central – Page 50 – Fiducial Blog

A Novel Way to Make COVID-19 Relief Donations

July 29, 2020

Emergency disaster declarations have benefits. Employees with unused paid vacation, sick leave, and personal time may use them as COVID-19 relief donations.

Steer clear of the Trust Fund Recovery Penalty

July 27, 2020

If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty.”

COVID-19-related leave donation programs now eligible for tax relief

July 20, 2020

The IRS recently announced special tax relief. It applies to leave-based donation programs set up by employers to aid those directly affected by COVID-19.

Hiring independent contractors? Make sure they’re properly classified

July 15, 2020

Your business may be using independent contractors to lower costs during the coronavirus. Be careful these workers are properly classified for tax purposes

Tax Refund for 2018 in 2020? New Extenders Bill Could Mean Yes!

July 9, 2020

You may be eligible for a tax refund from your 2018 tax return. Last December, Congress passed the long-awaited extenders bill. Find out if it can help you.

“Qualified Improvement Property” Changes with New COVID-19 Law

July 8, 2020

A new law contains a change in tax rules for qualified improvement property (QIP). Fiducial has the scoop on how the changes may affect you.

RMD Waivers and Rollovers Offer Relief to Older Taxpayers

July 7, 2020

The CARES Act brings welcome changes to older taxpayers through RMD waivers and rollovers. Fiducial has all you need to know on these importamt changes!

Time Waivers for Exclusion Provided to Taxpayers Forced to Return to U.S.

July 6, 2020

Working abroad and forced to return to the U.S. because of the COVID-19 pandemic? The IRS has provided relief for these taxpayers through time waivers.