Taxes – Page 15 – Fiducial Blog

Missed Filing Tax Returns for Multiple Years?

April 5, 2023

Few people actually enjoy the process of filing tax returns. Having said that, you have no choice - you must do so like clockwork every single year

Can’t Pay Your Taxes? Here Are Some Payment Options

April 3, 2023

There are those who for one reason or another end up owing on their taxes. Of those who owe, many can’t pay their taxes by the return due date (April 18).

Home Energy Improvement Credit Is Enhanced

March 31, 2023

This tax benefit should have expired after 2021. However, a law change gave the home energy improvement credit renewed life and enhanced it beginning 2023.

The Tax Filing Deadline Is Drawing Near

March 29, 2023

Filed your 2022 tax returns? April 18 is the tax-filing deadline. Make sure to file your return or file for an automatic extension by this date.

S Corp Stockholders Must Take Reasonable Compensation

March 27, 2023

S corporation compensation is often misunderstood and abused. If stockholders work in the business, they must take reasonable compensation as wages.

Changes in Section 174 Mean You Should Review Your R&E Strategy

March 24, 2023

Several provisions in the TCJA have expired or will expire in the next few years. Last year was the end of current deductibility for R&E expenses.

Many Taxpayers Could See Smaller Tax Refunds This Year

March 22, 2023

COVID pandemic-related benefits have come to an end. These decreases in federal tax benefits will mean smaller 2022 tax refunds for taxpayers..

Who Claims the Children’s Tax Benefits - You or Your Ex-Spouse?

March 20, 2023

Tax law has specific, complicated rules about who profits from child-related tax benefits. Children’s tax benefits are numerous. Read on for more info!