irs Archives - Wealth Builders CPA's

Can Home-Office Tax Deductions Include Garage Space?

Do you claim a tax deduction for a home office? Should you include or exclude your garage space in your calculations of business-use percentage? Home-office tax deductions require a look […]

IRS Arrives with Tax Assessor’s Allocation to Land and Building

Weekly Tax Tips

Question I own rental property, and I just left my first IRS audit. The IRS auditor arrived at the audit with the county tax assessor’s land and building values assigned […]

Can You Claim the ERC for the Owner of a C or S Corporation?

Weekly Tax Tips

Members of the tax community struggle with the “solo corporate owner” qualification for the employee retention credit (ERC). In their recently published The Employee Retention Credit Guide, authors Alan S. Gassman, […]

Tax Scams

Weekly Tax Tips

It seems like each week, the news reports all the clever new ways that criminals are trying to scam innocent victims out of their hard-earned money. Before the big rush […]

There’s an App for That!

Weekly Tax Tips

Happy Thursday, everyone! I hope that everyone had a fun and relaxing Fourth of July! In today’s virtual world, most of us are more dependent on our phones than we […]

Planning for Natural Disasters

Weekly Tax Tips

Happy Thursday, everyone! Did you know that this week (May 6th – 12th) is National Hurricane Preparedness Week? I had no idea there was such a thing until just recently! […]

How Long Should You Keep Tax Documents?

Uncategorized

Well, tax season is officially OVER! It has been a crazy last few weeks, but we made it! Now that all of the headache is over for this year, the […]

IRS updates withholding tables for new tax law

Blog, Payroll

Accounting Today Article by Michael Cohn The Internal Revenue Service released updated tax withholding tables for 2018 Thursday to reflect changes for the Tax Cuts and Jobs Act, amid warnings that the […]

Ready or Not, Here It Comes!

Weekly Tax Tips

Good morning and happy Wednesday! Well, it FINALLY happened. The IRS has officially released that much anticipated information – the first day to file your 2017 taxes. And the magic […]

2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17; Help Available for Taxpayers

Blog, Payroll

WASHINGTON ―Jan. 04, 2018 The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds […]