Charitable Tax Deduction Peculiarities
Charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A, except for the special 2020 and 2021 provis…
Author: CG Accounting Group
Video Tips: Positive News for the 2021 Earned Income Tax Credit
The Earned Income Tax Credit has been expanded and enhanced for low-income taxpayers who file their tax returns for 2021. Could you also be eligible? Watch this video for more details.
Inheritances Enjoy a Special Tax Benefit
You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to re…
Gambling and Tax Traps
Although gambling may seem to be a recreational activity for many taxpayers it is not for THE government. They look at it as a source of tax revenue a…
Return Being Processed Means The IRS Received Your Tax Return, But It Could Still Be Delayed.
Even with the delays, the IRS owes you interest on your money. The IRS has administrative time (typically 45 days) to issue your refund without paying…
Video Tips: Don’t Miss Out on Lucrative Tax Benefits
There are many expanded tax benefits that individuals and families with low income can claim on their 2021 tax returns. Watch this video for details so you don’t miss out.
Hiring An Independent Contractor? How QuickBooks Online Can Help
Are you taking on a worker who’s not an employee? QuickBooks Online includes tools for tracking and paying independent contractors….
What Makes a Business Sustainable?
Are you taking on a worker who’s not an employee? QuickBooks Online includes tools for tracking and paying independent contractors….
Highlights of College Savings Plans (Sec 529 Plans)
The Qualified State Tuition Plan, often referred to as the Sec 529 Plan, is a tax-beneficial incentive for parents, grandparents, and others to save m…
March 2022 Individual Due Dates
Here are the March 2022 Individual Due Dates…
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