Indian CPA

Article Highlights: Tax Cuts & Jobs ActEstate Tax ExclusionWhy a Will or Trust?Life-Changing CircumstancesBeneficiaries When was the last time you or your attorney reviewed or updated your will… Continue Reading Is Your Will or Trust Up-to-Date? Article Highlights Filing status Adjusted gross income (AGI) Taxable income Marginal tax rate Alternative minimum tax (AMT) Tax Credits Underpayment of estimated tax penalty When discussing taxes, reading tax related… Continue Reading Understanding Tax Lingo

Understanding Your Annual Social Security Letter

Article Highlights: Medicare B Premiums Medicare D PremiumsModified AGI2020 Premiums TableEffect of Recreational GamblingAppealing the Social Security Administration’s Decision If you are… Continue Reading Understanding Your Annual Social Security Letter

The 1099-MISC Filing Date Is Just Around the Corner – Are You Ready?

Article Highlights: Independent ContractorsNon-employee Compensation1099 Filing RequirementDue DatesPenaltiesForm W-9 and 1099 Worksheet If your business engages the services of an individual (independent… Continue Reading The 1099-MISC Filing Date Is Just Around the Corner – Are You Ready?

Congress Passes Last-Minute Tax Changes

Article Highlights: Discharge of Qualified Principal Residence IndebtednessMortgage Insurance PremiumsAbove-the-Line Deduction for Qualified Tuition and Related ExpensesMedical AGI LimitsResidential Energy (Efficient) Property… Continue Reading Congress Passes Last-Minute Tax Changes

January 2020 Individual Due Dates

January 2, 2020 By Roy Vargis CPA CMA CFM EA CITA ACMA CGMA

How Can I Prove Financial Hardship to the IRS If I Can’t Pay My Taxes?