Tax Central – Page 56 – Fiducial Blog

Pension Startup Credit for Employers Substantially Increased

February 14, 2020

Are you considering establishing a qualified pension plan for your business? You may be entitled to a pension startup credit for employers.

Filing Status Changes May Bring Unwelcome Surprises

February 12, 2020

Filing status changes because of a life event can have major ramifications. Marriage, divorce, separation or death of a spouse can change your tax status.

Higher Medical Deductions Allowed by Congress for 2019 and 2020

February 10, 2020

Medical deductions are an itemized deduction. However, they must exceed a percentage of a taxpayer’s adjusted gross income (AGI), which can change.

Small Business Owners May Qualify for a Home-Office Deduction

February 10, 2020

If you run your business from your home, you may qualify for a home-office deduction. This blog will show you your options.

How Can I Prove Financial Hardship to the IRS If I Can't Pay My Taxes?

February 7, 2020

It’s that time of year again, and you may sincerely wonder how you will pay your tax bill, explore payment or alternative plans with the IRS.

Tax Return Question: Are You Required to File a Tax Return?

February 5, 2020

There are times when individuals are REQUIRED to file a tax return. There are also times when it is to the individuals’ BENEFIT to file a return.

Understanding Tax Lingo

February 3, 2020

Ever tried to read an article or blog about a tax issue only…

How Will Tax-limit Increases Affect You and Your Business in 2020?

January 30, 2020

An array of tax-limit increases that affect businesses are annually indexed for inflation. Here are some of the tax-limit increases for 2020.