- Video tip: Is It Time for Your Estimated Tax Payment?
- Watch this video and see whether you will need to adjust your withholding or make an estimated tax payment for 2021.
- Were You Affected by a Disaster Loss?
- With the wildfires in the west, hurricanes, and flooding in the southeast and eastern seaboard, we have had several presidentially declared disaster areas this year. Use the FEMA site to determine if you are within a federally declared disaster area. You can also use the Address Look-Up provided by the Federal government.
- Video Tips: Taxpayers' Bill of Rights
- What are your rights as a taxpaying citizen? Watch to learn more.
- Never Make These 9 Mistakes with Exempt Employees
- The federal Fair Labor Standards Act (FLSA) requires employers to pay most employees overtime pay for all hours worked in excess of 40 in a workweek (some states require overtime in additional situations), with exemptions for certain employees. Here are 9 mistakes to avoid when paying your exempt employees.
- Complications to the IRA-to-Charity Distribution Provision
- Individuals are required to begin taking distributions from their IRA when they reach a certain age. That age was 70½ until Congress passed the SECURE Act in late 2019 which made significant changes to the retirement plan provisions of the tax code, one of which was to up the age for beginning required minimum distributions (RMD) to age 72. That change was supposed to occur with 2020 distributions, but due to the Covid-19 pandemic, Congress waived RMDs for 2020. So, 2021 is actually the first year that the age 72 rule is effective.
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