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2021 Penalties for Health Benefits and Other Employer Plans

The DOL announced the 2021 annual adjustments to civil monetary penalties for many benefits-related violations. Fiducial has the highlights!
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Beware: These Tax Return Red Flags Could Trigger an Audit by the IRS

Beware: These Tax Return Red Flags Could Trigger an Audit by the IRS

Taxpayers can avoid audits if they know the specific red flags that trigger them. Fiducial can help! Here's our list of red flags that lead to an audit!
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How to Address Rising Tax Problems During COVID-19

How to Address Rising Tax Problems During COVID-19

The COVID-19 pandemic will have tax implications many have not considered. This may mean paying additional income taxes that they had not planned.
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What Happens if I Receive an IRS CP2000 Notice?

What Happens if I Receive an IRS CP2000 Notice?

There are few things that can send a chill down your spine more than mail from the IRS. If you open the mail to find a CP2000 notice inside, don’t panic.
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What Happens if I Missed the October 15th Tax Extension Deadline?

What Happens if I Missed the October 15th Tax Extension Deadline?

With the hustle and bustle, you realize that the October 15th tax extension deadline has passed. And you still haven’t filed. What should you do now?
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The Easiest Way to Survive an IRS Audit is to Get Ready in Advance

The Easiest Way to Survive an IRS Audit is to Get Ready in Advance

IRS audit rates are historically low, according to the latest data. However, that’s little consolation if your return is among those selected.
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Tax Penalties Can Add Up--Ask Fiducial How to Avoid Them

Tax Penalties Can Add Up--Ask Fiducial How to Avoid Them

Most taxpayers don’t mean to incur tax penalties. Many are not aware of the penalties or their impact. Let’s look at some penalties and how to avoid them.
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Good Records Key to Tax Deductions and Trouble-free IRS Audits

Good Records Key to Tax Deductions and Trouble-free IRS Audits

You should record expenses to claim the full amount of tax deductions you’re owed. Also, make sure you can defend your tax returns if audited by the IRS.
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