Tax Topics

From time to time we will post tax topics here for our clients related to accountancy, changes in tax law, links to IRS forms and other sites, etc.


Posted: January 14, 2021

Alimony Payments


Updated: January 14, 2021

Alternative Minimum Tax (AMT)


Posted: January 6, 2017

Barter Income


Posted: January 10, 2019

Cancelled Debt Income


Posted: January 14, 2021

Charitable Contributions (you must have a receipt!)


Posted: January 14, 2021

Child Tax Credit and Additional Child Credit


Posted: January 14, 2021

Dependent Credits


New: January 14, 2020

Direct Pay


Updated: January 14, 2021

Education Benefits


Posted: January 14, 2021

Electronic Filing (efiling)


Updated: January 14, 2021

Estate tax


Updated: January 14, 2021

Estimated Tax Payments


Updated: January 14, 2021

Extension - Extra Time to File Your Tax Return


Posted: January 12, 2019

Foreign account reporting (FBAR, due April 15 each year, automatic 6-month extension to October 15)


Updated: January 14, 2021

Health Care, "Minimum Essential Coverage"


Updated: January 14, 2021

Household Employees


Posted: January 6, 2017

Identity Theft


Updated: January 14, 2021

IRA Contributions


Posted: January 6, 2017

IRS Notices


Posted: January 6, 2017

IRS Privacy Requirements and Disclosure page


Posted: January 14, 2021

Itemized Deductions and Exemptions (Phase out is gone again)


Updated: January 14, 2021

Medical Expenses


Updated: January 14, 2021

Mileage Rates


Posted: January 12, 2019

Mortgage Interest


Updated: January 6, 2017

Net Investment Income Tax, 3.8%


Posted: January 12, 2019

Personal Exemptions


New: January 6, 2020

QUALIFIED BUSINESS INCOME (QBI)


Updated: January 14, 2021

Residential Energy Efficient Property Credit


Posted: January 6, 2017

ROTH IRA Conversion (Traditional to Roth)


Posted: January 14, 2021

Sales Tax Deduction


New: January 14, 2021

SMARTVAULT (SECURE UPLOAD AND TAX DOCUMENT STORAGE)


New: January 14, 2021

Standard Deduction


Posted: January 6, 2017

Substantiation Requirements - Receipts and Mileage logs


Posted: January 14, 2021

SUV Deduction, $25,000 limit