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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.

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My Tax Blog

December 13, 2024 | 2020
Tax Scams–Don’t Believe Everything You Hear. . .

Scams: Fake Charities. To verify Charity legitimacy or tax donation deductibility, check the IRS Charity Database at https://www.irs.gov/charities-non-profits/tax-exempt-organization-search Fake IRS bills/telephone calls. a. IRS contacts by MAIL. To check IRS bill legitimacy, log on to your IRS account or call their office (800-829-1040). IRS does not call and threaten people. Hang up! b. Ohio Taxation … Tax Scams–Don’t Believe Everything You Hear. . .

December 30, 2022 | 1099
Tax newsletter update–1099K rules

Early Christmas gift. . . On December 23, 2022 the IRS decided to delay implementation of the 1099K reporting for tax year 2022. Translation: The American Rescue Act (2021) required E commerce platforms (e.g. Ebay, Mercari, Amazon) to provide a 1099K form to sellers receiving more than $600 through the platform website. The … Tax newsletter update–1099K rules

December 30, 2022 | 2022
Facts and Figures

From the Christmas Tax Newsletter, published December 14, 2022: FACTS & FIGURES, TBA=To be announced Tax Year 2022 2023 Social Security COLA 5.9% 8.7% Part B premium- income < $85,000 170.10 164.90 Early, … Facts and Figures

February 2, 2021 | 0
But I CAN’T AFFORD a Tax Preparer

woman setting at computer desk holding her head

Never fear! The IRS has two programs to assist. For simple tax returns with taxable income under $72,000: IRS provides free tax preparation under the IRS Free file program. Taxpayers are given access to free tax software to file their tax return. Some software does not support local tax returns (e.g. School District or … But I CAN’T AFFORD a Tax Preparer

January 20, 2021 | 2020
Need Refund? Patience Please!

IRS is going to be running a little “late” this year. According to the information received as of today (January 15, 2021), IRS will start processing 2020 Tax Year individual Tax Returns February 12, 2021. Tax Returns can be prepared before February 12 processing date. Estimated refund processing times for returns that refund extra … Need Refund? Patience Please!

January 1, 2021 | 2021
Stimulus Payments Part 2

As you may have heard, President Trump signed the “COVID Relief Part 4 ( Formally known as Continuing Appropriations Act of 2021)” into law recently. Payment amount will be $600 per qualified recipient ($1200 per Married Couple) plus $600 per dependent child claimed on the tax return. As before, no payments are available for … Stimulus Payments Part 2

October 23, 2020 | 0
COVID Reveals a BROKEN “Tax Cookie Jar” for At Home Employees

A question received: I’ve worked from home since March 2020 because of COVID. Can I claim my home office expenses on my 2020 taxes? The tax year and the employment status (employee vs sub contractor or self employed) matters. For 2020 tax year, there may be a home office tax deduction for: 1. Subcontractor (No … COVID Reveals a BROKEN “Tax Cookie Jar” for At Home Employees

October 7, 2020 | 0
How to Handle a Tax Notice (“Bill”)

It’s Tax Notice season, IRS, State and Local Tax Districts are issuing those wonderful “love letters” for tax due . . . questions: 1.Is the Notice legitimate? 2.Is it Correct? 3.How to respond? Legitimacy: If the Tax Notice (“Bill”) has spelling or grammar errors, asks for payment in bit coin or cash cards or threatens … How to Handle a Tax Notice (“Bill”)

October 7, 2020 | 0
Medical Expense Tax Deduction When Don’t Have Enough to Itemize

In certain circumstances, medical expenses can be deducted on the tax return without itemizing. To see if that option is a good fit for you, some questions: Do you have medical insurance coverage through work or through a family medical insurance plan? Is the medical insurance plan deductible (out of pocket) more than $1,400 for … Medical Expense Tax Deduction When Don’t Have Enough to Itemize

September 16, 2020 | 2020
Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

The other day someone affected by the COVID related business slowdown asked, . . .”I have bills to pay, heard something on the news about the CARES Act allowing a penalty free (NOT TAX FREE) retirement account distribution. What is the “penalty”? Do I qualify for a penalty free distribution? How to determine the taxes … Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

Welcome

My Tax Blog

December 13, 2024 | 2020 Tax Scams–Don’t Believe Everything You Hear. . .

December 30, 2022 | 1099 Tax newsletter update–1099K rules

December 30, 2022 | 2022 Facts and Figures

February 2, 2021 | 0 But I CAN’T AFFORD a Tax Preparer

January 20, 2021 | 2020 Need Refund? Patience Please!

January 1, 2021 | 2021 Stimulus Payments Part 2

October 23, 2020 | 0 COVID Reveals a BROKEN “Tax Cookie Jar” for At Home Employees

October 7, 2020 | 0 How to Handle a Tax Notice (“Bill”)

October 7, 2020 | 0 Medical Expense Tax Deduction When Don’t Have Enough to Itemize

September 16, 2020 | 2020 Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

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