Experienced-Diligent-Effective
Articles and News
IRS Expat Filing Program--Amnesty
IRS Streamlined Filing Program for Expat non-filers seeking amnesty on income tax filings and FBAR.
IRS Rule on PayPal and Venmo Transactions
New IRS 1099-K Rules on Payment Processor Payments
SBA PPP Loans-Funding and The Self-Employed
COVID-19 SBA Paycheck Protection Loans for the Self-Employed
IRS List of Top Taxpayer Scams
The Internal Revenue Service has released its annual list of tax scams. A summary of the list, called the "Dirty Dozen" is provided in this article.
Obamacare--Loss of Health Insurance Subsidies
Under federal rules, anyone who receives an insurance subsidy must file a tax return to verify that the person was eligible and received the proper amount of financial assistance based on household income. There is the risk of loss of health insurance subsidies for failure to file tax return.
Home Office Tax Deduction and Safe Harbor
Self-employed individuals and employees who work out of their home are allowed to deduct business expenses relating to part of their home.
Tax Returns and Obamacare II
Obamacare is about to collide with the U.S. tax-filing season, adding frustration for millions of taxpayers trying to figure out how to comply and how much they will owe the government.