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.
What Are the Tax Consequences of Losing Your Job?

What Are the Tax Consequences of Losing Your Job?

If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances.
Form 1099-NEC Is Coming--Here’s What You Need to Know

Form 1099-NEC Is Coming--Here’s What You Need to Know

The IRS has resurrected the Form 1099-NEC (non-employee compensation). With this form, you may report non-employee compensation in place of the 1099-MISC.
Excess Business Losses Find Change in the CARES Act

Excess Business Losses Find Change in the CARES Act

The CARES Act made changes to excess business losses. This includes retroactive changes and opportunities for businesses to file amended returns.
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.
Foreign Account Reporting (FBAR) Due October 15

Foreign Account Reporting (FBAR) Due October 15

Failure to file the required FBAR forms can result in severe penalties. The due date for foreign account reporting (FBAR) is October 15, 2020.
Wealthy Taxpayers May Want to Strategize for Potential Tax Increases

Wealthy Taxpayers May Want to Strategize for Potential Tax Increases

The President has not revealed his future tax policies, but Joe Biden has. That is why the wealthy are strategizing for potential tax increases.
October's Extended Due Date Is Fast Approaching (And So Are Penalties!)

October's Extended Due Date Is Fast Approaching (And So Are Penalties!)

Did you complete your 2019 return by July 15? If not, and you filed a request for more time, that extended due date expires October 15, 2020.