Tax Central – Page 54 – Fiducial Blog

Taxes and Coronavirus: Frequently Asked Questions (FAQ)

April 6, 2020

The COVID-19 outbreak is affecting our lives – including our taxes.Fiducial has the answers to your FAQs about how you may be impacted.

Families First Coronavirus Response Act: What Employers Need to Know

April 3, 2020

The Families First Coronavirus Response Act may make drastic actions by employers unnecessary. Fiducial explains the details of what the Act covers.

Qualified Charitable Distribution (QCD) Provision Gets a New Twist

March 27, 2020

Those age 70½ + can transfer up to $100,000 annually from IRAs to qualified charities. This transfer are called a qualified charitable distribution (QCD).

Why Basis Is So Important in Determining Valuation at Tax Time

March 25, 2020

Basis is used to calculate depreciation, casualties, and depletion, as well as gains or losses on disposition of an asset.

Fiducial's Small Business COVID-19 Resources

March 23, 2020

Fiducial understands that the current COVID-19 situation is an unprecedented and difficult time to navigate as a small business. Fiducial is providing the following resources to help guide you, content will be updated and added to these sites as it becomes available.

Is that IRS Letter a Tax Scam or Something You Need to Address?

March 23, 2020

You need to decide whether the IRS letter you received is a scam or something you need to address. Fiducial wants you to consider some tips and information.

Did You Pay Tax on Home Mortgage Debt Relief in 2018?

March 20, 2020

Congress has retroactively extended home mortgage debt relief. If you paid tax on forgiven home acquisition debt income in 2018, your return can be amended.

Hobby or Business? It Makes a Difference for Taxes.

March 18, 2020

For-profit and not-for-profit business (hobby) ventures have different tax rules that can be confusing. Recent tax law changes have added to this.