Tax Changes – Page 15 – Fiducial Blog

EINs: Change Contact and Responsible Party Information in 60 Days

December 2, 2021

The IRS is reminding entities with EINs to update information. IRS regulations require EIN holders to update responsible party information within 60 days.

Tax Strategizing Now May Be Wise as New Tax Proposals Loom

November 19, 2021

Fiducial has a list of potential tax strategies that may benefit you. Every taxpayer’s situation is unique; not all of these strategies will apply to you.

Higher Capital Gain Rates Brings Interest in Opportunity Zone Funds

November 5, 2021

The "Green Book" outlines the Biden administration’s tax proposals. One of the proposals in the Green Book is to increase the long-term capital gain rates.

Employers: The Social Security Wage Base Is Increasing in 2022

November 3, 2021

The Social Security Administration announced that the wage base for computing Social Security tax will increase for 2022. How will this affect you?

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.

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: 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.