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IRS Offers New Identity Protection (IP PIN) for Taxpayers

IRS Offers New Identity Protection (IP PIN) for Taxpayers

The IP PIN is a six-digit code known only to the taxpayer and the IRS. It helps prevent identity thieves from filing fraudulent tax returns.
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Standard Mileage Rates Announced for 2021. What Has Changed?

Standard Mileage Rates Announced for 2021. What Has Changed?

The IRS annually computes standard mileage rates for use of a vehicle for business, medical and moving purposes. New rates take effect on January 1, 2021.
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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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Obscure and Overlooked Tax Deductions, Credits, and Benefits

Obscure and Overlooked Tax Deductions, Credits, and Benefits

Fiducial has a list of over 20 issues that can save you tax dollars! They range from obscure deductions to overlooked tax credits and benefits.
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Many Tax Amounts Affecting Businesses Have Increased for 2021

Many Tax Amounts Affecting Businesses Have Increased for 2021

Tax-related limits that affect businesses are annually indexed for inflation. Here’s Fiducial’s list of some important changes for your business for 2021.
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Work Opportunity Tax Credit (WOTC) Extended Through 2025

Work Opportunity Tax Credit (WOTC) Extended Through 2025

Are you a business owner thinking about hiring? Be aware that a recent law extended a credit (WOTC) for hiring individuals from one or more targeted groups.
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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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Charitable Contributions Deduction Liberalized for 2021

Charitable Contributions Deduction Liberalized for 2021

To stimulate charitable contributions during the pandemic, Congress made two notable changes for 2020. Fiducial has more info on this potential deduction!
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4 Questions Business Owners Should Consider for Their 2020 Taxes

4 Questions Business Owners Should Consider for Their 2020 Taxes

If 2020 wasn’t challenging enough, this season’s tax-filing is even more complicated than usual. Here are 4 questions you should ask about 2020's taxes.
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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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The Importance of S Corporation Basis and Distribution Elections

The Importance of S Corporation Basis and Distribution Elections

An S corporation can provide tax advantages over a C corporation in certain circumstances. Do you expect the business will incur losses in its early years?
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The Consolidated Appropriations Act (CAA) and Retirement Benefits

The CAA includes many provisions addressing economic hardships caused by the pandemic. Here's what you need to know about the CAA and retirement benefits.
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Sold or Thinking of Selling Your Home? Here’s What You Need to Know

Sold or Thinking of Selling Your Home? Here’s What You Need to Know

With the housing market booming, have you sold or are you thinking of selling your home? Fiducial has a list of tax-related issues to consider.
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The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

You might claim a lower deduction for vehicle-related expenses for 2021. This is the second year in a row that the cents-per-mile rate has decreased.
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How Biden's American Rescue Plan Might Impact Your Taxes

How Biden's American Rescue Plan Might Impact Your Taxes

President Biden released his “American Rescue Plan” on January 14. It is a wish list of proposals to address the COVID-19 pandemic and economic crisis.
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