- Video: Watch Out for Tax Penalties
- Watch this video to look at some of the more commonly encountered tax penalties and how they may be avoided.
- Are You Paying Too Much Interest on Your Home Mortgage?
- Interest rates are currently at an all-time low, and it may be time for you to consider refinancing your existing home mortgage to take advantage of these lower rates. Doing so may substantially reduce your monthly mortgage payments. As you know if you have been watching the ads, some lenders are offering rates as low as 2.75%.
- IRS Extends the Opportunity to Defer Capital Gains
- As part of tax reform put into place a couple of years ago, individuals are able to defer both short- and long-term capital gains into what are referred to as Qualified Opportunity Zone Funds (QOFs). What is nice about this is that only the actual amount of gain needs to be invested into a QOF to avoid taxes on the gain for the sale year. The gains invested in a QOF are deferred until you cash out of the QOF investment or December 31, 2026, whichever occurs first.
- How to Create Product Records in QuickBooks Online, Part 2
- Once you’ve created your company’s product and service records, you’ll use them in numerous places in QuickBooks Online.
- Individuals Have a New Opportunity to Receive $500 Economic Impact Payments for Their Children
- The Internal Revenue Service has announced it will reopen the registration period for federal beneficiaries with children who didn't receive a $500 per child Economic Impact (stimulus) Payment earlier this year.