Tax Problems – Page 7 – Fiducial Blog

The 2022 IRS Interest Rate Hike Went Live April 1st

April 13, 2022

Are you required to pay quarterly estimated income tax? Then, a recent interest rate hike imposed by the IRS may directly impact on you.

Meticulous Records Are Key to Tax Deductions and Painless IRS Audits

February 9, 2022

All businesses need to keep records of income and expenses. Carefully record expenses in order to claim all of the tax deductions to which you’re entitled.

The IRS May Get a Big Budget Increase. Will It Impact the Rate of Audits?

February 4, 2022

The Congressional Budget Office has announced a proposal to increase funding for the IRS. Does that mean that more people are about to receive audits?

Complications to the Qualified Charitable Distribution (QCD) Provision

February 2, 2022

The tax code includes a provision called a Qualified Charitable Distribution (QCD). This allows retirees to make contributions for significant tax benefits.

Hit With a Tax Penalty? Here Are a Few to Watch Out For

January 5, 2022

Most taxpayers don’t intentionally incur a tax penalty. Fiducial looks at some of the more commonly encountered penalties and how they may be avoided.

Learn How to Avoid Costly IRS Underpayment Penalties

December 31, 2021

Underpayment penalties can become expensive and should be avoided. In this article, Fiducial offers information to stave off underpayment penalties!

What You Need to Know About the IRS and Tax Audits

December 29, 2021

Tax audits involve complexities as well as overwhelming stress and emotions. Even highly capable people find themselves feeling defenseless and intimidated.

Possible Tax Consequences of Guaranteeing a Loan to Your Corporation

December 15, 2021

If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implications. Here is what you need to know.