Tax Tips & More
Options for Overfunded 529 College Savings Accounts
What if your designated 529 beneficiary decides not to attend college? What are your options?
Working Overtime? Take Advantage of Tax-Free Supper Money
Tax law often discriminates against company owners, granting them no or fewer fringe benefits. But you, the owner, are not discriminated against when it comes to supper money.
The IRS Dirty Dozen List: More Than Just a Gimmick
For over 20 years, the IRS has issued an annual Dirty Dozen list identifying tax scams and avoidance schemes. This year’s list includes everything from employee retention credit claims to the use of fake charities.
13 Answers on the New 2024 CTA Required BOI Reporting to FinCEN
The Corporate Transparency Act (CTA) imposes a new federal filing requirement for most corporations, limited liability companies (LLCs), and other business entities.
Odds Are: Tax Law Does Not Consider You a Professional Gambler
When it comes to taxes, the tax code treats professional gamblers better than recreational gamblers.
New 1099-K Filing Rules Delayed Again
Do you sell goods or services and receive payment through a third-party settlement organization (TPSO)? If so, you must know the IRS’s new Form 1099-K reporting rules.
December 2024 Tax Due Dates
December 10: Tips for November 2024 Reported to Employer (Form 4070)
December 31: Contribution to employer-sponsored retirement plan for 2024 (401(k), 403(b), 457 or federal thrift savings plans)
December 31: Required minimum distribution (RMD) by individuals who are 74 or older at the end of 2024
January 2025 Tax Due Dates
January 10: Tips for December 2024 reported to employer
January 16: Estimated tax payment for 4th quarter of 2024
January 16: Farmers and fishermen pay estimated tax for 2024
January 31: Deadline to file and pay 2024 taxes in full if not making an estimated tax payment in January
February 2025 Tax Due Dates
February 10: Tips for January 2025 reported to employer
February 18: File Form W-4 to reclaim exemption from withholding for 2025