Be cautious when choosing a tax preparer
If you decide to pay someone to prepare your taxes, be extra careful and vigilant when selecting a tax preparer.
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Taxlete Today
The People's Tax Blog: Important tax news and information carefully curated to serve the needs of the average person.
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MyTaxRights
- Nov 19, 2021
- 1 min
IRS announces changes to retirement plans for 2022
The IRS recently announced contribution limits for certain retirement plans will increase to $20,500 in 2022.
Jordan D. Howlette, J.D., M.B.A.
- Jul 29, 2021
- 3 min
IRS issues warning about fake charities and scammers targeting immigrants
The IRS issues warning to taxpayers about fake charities and scammers targeting immigrants.
Jordan D. Howlette, J.D., M.B.A.
- Jun 12, 2021
- 2 min
Advance payments of the Child Tax Credit to begin July 15th
Eligible families will begin receiving advance monthly payments of the 2021 Child Tax Credit.
Jordan D. Howlette, J.D., M.B.A.
- May 6, 2021
- 4 min
Choose your tax preparer wisely: Be on the lookout for these red flags and deceptive practices
Each year, millions of people enlist the aid of a tax return preparer to prepare and file their income tax returns. But remember, even if...
Jordan D. Howlette, J.D., M.B.A.
- May 1, 2021
- 5 min
Help the homeless access their stimulus funds
**UPDATE** The IRS released a new version of its Non-Filer tool that enables those who do not ordinarily file a tax return to quickly and...
Jordan D. Howlette, J.D., M.B.A.
- Apr 14, 2021
- 3 min
Remember, you are ultimately responsible for the accuracy of your tax return
Be sure to carefully check your preparer's credentials because the law ultimately holds you responsible for the information on your return.
Jordan D. Howlette, J.D., M.B.A.
- Mar 22, 2021
- 3 min
Business meals at restaurants are fully deductible for 2021 & 2022
As an intended relief measure for restaurants hard-hit by the COVID-19 pandemic, Congress temporarily increased the deductibility cap for...
Jordan D. Howlette, J.D., M.B.A.
- Jan 29, 2021
- 3 min
Tax Document Checklist & Retention Requirements
Keeping well-organized records makes the tax return preparation process much easier, and it significantly helps provide answers to the...
Jordan D. Howlette, J.D., M.B.A.
- Jan 18, 2021
- 3 min
File your taxes for free through the Free File program
If you made $72,000 or less in 2020, then you may be eligible to file your taxes for free through the Free File program.
Jordan D. Howlette, J.D., M.B.A.
- Jan 12, 2021
- 3 min
Common Tax Errors to Avoid
Be sure to avoid these common errors when preparing your taxes, nobody likes having their refund delayed!
Lars Kroner
- Dec 21, 2020
- 3 min
New year, new tax changes: Start preparing for the upcoming 2021 tax filing season now
As 2020 finally comes to a close, taxpayers should take some time to understand these recent tax law changes in preparation for the 2021...
Jordan D. Howlette, J.D., M.B.A.
- Dec 13, 2020
- 3 min
Do you know about the Saver's Tax Credit?
If you make contributions to your individual retirement account (IRA) or employer-sponsored retirement plan, you may be eligible to...
Jordan D. Howlette, J.D., M.B.A.
- Nov 17, 2020
- 3 min
Find out if you are eligible to claim a deduction for unreimbursed business expenses
Prior to the 2018 Tax Cuts and Jobs Act (TCJA), employees were allowed to deduct their qualified unreimbursed business expenses ("UBE")...
Lars Kroner
- Oct 9, 2020
- 3 min
Under IRS audit? Be sure to know and understand your Right to Finality
As a taxpayer, you have several rights when dealing with the IRS, including the Right to Finality.
Lars Kroner
- Sep 24, 2020
- 2 min
Tax Checklist for Newlyweds
Many aspects of life may be affected (and usually are affected) after two people get married. You can bet on taxes being on that list!
Jordan D. Howlette, J.D., M.B.A.
- Sep 11, 2020
- 4 min
Businesses should be aware of the Employee Retention Tax Credit
The Employee Retention Credit allows employers to receive up to 50% of the qualified wages paid to employees during the COVID-19 pandemic.
Jordan D. Howlette, J.D., M.B.A.
- Sep 9, 2020
- 3 min
Some taxpayers may be required to make estimated tax payments periodically to the IRS
Know whether you are required to make estimated tax payments throughout the year to the IRS; failing to do so could result in penalties.
Lars Kroner
- Aug 27, 2020
- 2 min
These two tax credits help offset the costs of higher education
There are two tax credits available to help taxpayers save on the costs associated with higher education.
Jordan D. Howlette, J.D., M.B.A.
- Aug 21, 2020
- 3 min
A must read for all small business owners: an exception to capitalizing business property
Every small business owner should know about the de minimus safe harbor election.
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