Claiming the Business Energy Credit for Using Alternative Energy
Wondering whether alternative energy technologies can help your business manage energy costs? Check out the business energy credit.
You Should Be Keeping Home Improvement Records
The gain from a home’s sale can be substantially higher than the allowable exclusion. Home improvement records can be beneficial and save on taxes.
More Relief from Failure-to-Deposit Employment Tax Penalties
An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.
Tax Court Decision Holds Potential Impact for Travel Deductions
Many professions require extensive travel and time in paid lodging.Traditionally, taxpayers claim these as travel deductions. However, new rules are coming.
Looking for a Tax Credit? Don’t Miss out on These!
A tax credit is a tax benefit that offsets your actual tax liability. Check out Fiducial's list of tax credits available to individual taxpayers for 2020.
Good News! Big Increase in Child Tax Credit For 2021
An increased child tax credit is part of the ARPA. The IRS will pay a portion of the credit in advance in monthly payments from July through December.
Cafeteria-Plan DCAPs Get Temporary Boost from COVID-19 Relief Act
Employers use cafeteria plans to offer employees a menu of benefits. Among the most popular are enrollment in dependent care assistance programs (DCAPs).