Tax Due Dates for November 2021

[vc_row][vc_column][vc_column_text]During November Employers - Income Tax Withholding. Ask employees whose withholding allowances will be different in 2022 to fill out a new Form W-4. The 2022 revision of Form W-4 will be available on the IRS website by mid-December. November 1 Employers - ... Read More

Advertising and Marketing Costs May Be Tax Deductible

[vc_row][vc_column][vc_column_text]As a small business owner, you may be able to deduct advertising and marketing expenses that help them bring in new customers and keep existing ones. Even better is that these deductions help small businesses save money on their taxes. Generally, small businesse... Read More

Deferred Tax on Gains From Forced Sales of Livestock

[vc_row][vc_column][vc_column_text]Farmers and ranchers forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales. Here are some important facts to help farmers understand how the deferral works and their eligibility... Read More

Tips To Avoid Fraud and Scams After a Disaster

[vc_row][vc_column][vc_column_text]Criminals and fraudsters often see disasters as an opportunity to take advantage of victims when they are the most vulnerable, as well as the generous taxpayers who want to help with relief efforts. Generally, these disaster scams start with unsolicited contact - t... Read More

Shared Custody and Advance Child Tax Credit Payments

[vc_row][vc_column][vc_column_text]Parents who share custody of their children may be confused about how the advance child tax credit payments are distributed. As such, the first step is to remember that these are advance payments of a tax credit that taxpayers expect to claim on their 2021 tax retu... Read More