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January 2017 Individual Due Dates

By Joaquin On December 29, 2016 · Add Comment
January 2017 Individual Due Dates January 3 – Time to Call For Your Tax Appointment – January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you do so before the calendar becomes too crowded. January 10 – Report Tips to Employer – If you are [...]
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January 2017 Business Due Dates

By Joaquin On December 29, 2016 · Add Comment
January 2017 Business Due Dates January 17 – Employer’s Monthly Deposit Due – If you are an employer and the monthly deposit rules apply, January 17 is the due date for you to make your deposit of Social Security, Medicare and withheld income tax for December 2016. This is also the due date for the [...]
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Only 11 Days Left for 2016 Tax Deductions

By Joaquin On December 29, 2016 · Add Comment
Only 11 Days Left for 2016 Tax Deductions Article Highlights: Actions You Can Still Take To Reduce Your 2016 Tax Bite Actions Must Be Completed Before The End of 2016 When Contributions by Check, Text-message or Pay-By-Phone Accounts Are Considered To Be Made Deductible Expenses Paid By Credit Card Are Deductible In The Year Charged [...]
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Not Business As Usual For Employers: W-2 and 1099-MISC Filing Dates Moved Up

By Joaquin On December 29, 2016 · Add Comment
Not Business As Usual For Employers: W-2 and 1099-MISC Filing Dates Moved Up Article Highlights: Fraudulently Filed Tax Returns Delayed Refunds New W-2 and 1099-MISC Filing Due Dates W-2 Extensions No Longer Automatic The IRS, in an effort to combat rampant tax filing fraud, has introduced what they hope will be two new fraud-prevention measures [...]
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Have a Worthless Stock You Want to Write Off for 2016? Action May be Needed by Year-End

By Joaquin On December 14, 2016 · Add Comment
Have a Worthless Stock You Want to Write Off for 2016? Action May be Needed by Year-End Article Highlights: Tax Loss for a Security Sold or That Is Worthless Proving Worthlessness Selling a Worthless Stock by Year-end Brokers May Accommodate Clients Capital Loss Deduction If you are like most investors, you occasionally will pick a [...]
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2016 Tax Moves That Take Advantage of One of Trump’s Tax Proposals

By Joaquin On December 9, 2016 · Add Comment
2016 Tax Moves That Take Advantage of One of Trump’s Tax Proposals Article Highlights: Trump Proposes Higher Standard Deductions In 2017 Tax Strategy – Prepay Deductible Expenses In 2016 Take Standard Deduction 2017 Deductible Expenses That Can Be Prepaid One of the tax proposals that President-elect Trump has made, which also falls in line with [...]
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Thinking of Becoming a Real Estate Flipper? Here’s a Primer on the Tax Rules

By Joaquin On December 9, 2016 · Add Comment
Thinking of Becoming a Real Estate Flipper? Here’s a Primer on the Tax Rules Article Highlights: Definition of Flipping Government Will Share in the Profits Tax Treatment Depends on Being a Dealer, Investor or Homeowner Distinguishing a Dealer from an Investor With mortgage interest rates low and home prices finally making a comeback, flipping real [...]
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Tax Benefits for Single Parents

By Joaquin On December 1, 2016 · Add Comment
Tax Benefits for Single Parents Article Highlights: Filing Status Child Support Alimony Exemptions Child Care Credit Child Tax Credit Earned Income Tax Credit If you are a single parent dealing with the complicated tasks of working and raising a family, there are some tax benefits and issues you should be aware of. Filing Status – [...]
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Better to Sell or Trade a Business Vehicle?

By Joaquin On November 26, 2016 · Add Comment
Better to Sell or Trade a Business Vehicle? Article Highlights: Replacing a Business Vehicle Selling the Old Vehicle at a Loss Trade-in is Treated as an Exchange Prorate if Used for Business and Personal As the end of the year approaches, business owners may be thinking about replacing a business vehicle. Profits from the business [...]
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10 Insane (But True) Ways to Grow Small Business Profits

By Joaquin On November 26, 2016 · Add Comment
10 Insane (But True) Ways to Grow Small Business Profits When you were a kid, you imagined becoming an entrepreneur — a dream that turned into reality a few years ago when you started your first small business and began enjoying the freedom of being your own boss. But, since then, your profits haven’t grown [...]
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  • D&J Accounting & Tax Services, Ltd. • 4950 N. Harlem Avenue • Harwood Heights, IL 60706 • T 773-237-7400 F 773-237-2822 mówimy po polsku
  • Home
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