Author Archives: pg

New Hampshire Capital Gains Tax Explained

IRS, Security Summit partners warn taxpayers of new scam; unusual delivery service mailing tries to trick people into sending photos, bank account information IR-2023-123, July 3, 2023 WASHINGTON ― The Internal Revenue Service warned taxpayers today to be on the … Continue reading →

I.1, IRS Has Made Little Progress On Amended Return Backlog, NTA ReportsJun. 22, 2023 Federal Tax The Internal Revenue Service has made progress on clearing out the backlog of paper original returns in the wake of the COVID-19 pandemic, but … Continue reading →

Advance or Automatic Consent for Accounting Method ChangeCurated byRobert Recchia, J.D., M.B.A., C.P.A., Sr. Content Management Analyst, Wolters KluwerTaxpayers cannot change from an established accounting method to a different method unless they first obtain the IRS’s consent for the change. … Continue reading →

Great article about it:https://www.forbes.com/sites/irswatch/2021/06/14/thinking-of-getting-into-cryptocurrency-the-top-10-crypto-tax-mistakes-to-avoid/?ss=taxes&sh=318f06ae4628

Good recap: https://www.forbes.com/sites/sarahhansen/2021/04/28/here-are-the-biggest-winners-and-losers-in-bidens-individual-tax-plan/?ss=taxes&sh=5859b63050f6

The employee retention credit (ERC) is still available until December 31, 2021. This is an extremely beneficial tax credit that definitely should be considered by any employer. The credit was available in 2020 but until the law was changed on … Continue reading →

Making a new S election after terminationEditor: Linda Markwood, CPAAugust 1, 2020 RELATEDSeptember 2, 2020Regulations coming on S corporations with accumulated E&P and GILTISeptember 1, 2020Private equity and F reorganizations involving S corporationsAugust 1, 2020State and local considerations in using … Continue reading →

This page has a lot of useful information and is the best source on corona virus related relief: https://www.irs.gov/coronavirus