Tax Records

How Long Should You Keep Old Tax Records?

This is a common question: How long must taxpayers keep copies of their income tax returns and supporting tax records? And Fiducial has your answer.
payroll

Better Tax Break When Applying the Research Credit Against Payroll Taxes

Learn about how you may be eligible for a payroll tax credit election with little to no income tax liability.
Saver's Credit

Saver's Credit Can Help You Save for Retirement

Low/moderate-income workers can take steps to save for retirement and earn a special tax credit. Read more about saver's credit.

Ways to Deduct Health Insurance

Health insurance premiums have risen dramatically and are one of the largest expenses that most individuals pay. Learn what is treated as deductible health insurance.
Accounting

What’s the Best Accounting Method Route for Business Tax Purposes?

Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.
tcja

Major Tax Sunset of TCJA Provisions on the Horizon

In late 2017, Congress passed the Tax Cuts & Jobs Act (TCJA) which made enormous changes to income tax laws. There is a major sunset of these provisions on the horizon.
Tax Season

Cracking the Tax Code: Your Guide to Tax Jargon

The tax season is full of jargon. In this brief guide, we’ll give you the lowdown on some of the most important terms you should know during tax season.
EIN

Does a Foreign Entity Need a U.S. Identification Number (EIN)?

It is mandatory for foreign entities that are conducting business in the United States to have an Employer Identification Number. Learn more on how to obtain an EIN.