Category Archives for EMPLOYER TAXES

Does Giving an Employee a Gift Card or Other Small Gift Cause a Tax Issue?

  • December 1, 2020

Are employer gift cards taxable? Yes. In the past, employers could give employees cash or a cash equivalent gift such as a gift certificate for amounts less than $25 without any tax concern. These were

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Is Tax Evasion Always a Felony?

  • November 2, 2020

A very common question that comes up in our tax legal defense work involves the term "tax evasion" and whether it is always considered a felony criminal offense.The short answer is, yes, tax evasion is

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Top 10 Year-End Tax Planning Tips

  • November 2, 2020

Between the political environment and the COVID-19 pandemic and its attendant stimulus packages, this year has seen more than its share of uncertainty around tax – which makes year-end tax planning all

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Avoiding Tax Debt with PPP Loans

  • July 28, 2020

The Paycheck Protection Program (PPP) loans are a popular option for businesses struggling due to COVID-19, but understanding the tax obligations associated with them can be confusing and challenging,

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Planning for Tax Changes for the 2020 Tax Year

  • June 26, 2020

We Americans will have a long menu of tax changes for the 2020 tax year...and it's never too early to start thinking about managing next year's return. And there's a lot of good news.Just a few months

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Coronavirus Tax Breaks Businesses can Take Advantage of Now

  • June 25, 2020

The IRS recently rolled out three new coronavirus tax breaks for businesses aimed at helping them through the coronavirus pandemic. As businesses and individuals across the country have been hit hard

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What If You Can’t Afford to Pay the Taxes You Owe?

  • February 14, 2020

Maybe you've just finished preparing your tax return and you find that you owe the IRS a large sum, but you can’t afford to pay it. Are you going to jail? Probably not. The realization that you can’t

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Congress Ends 2019 Passing Last-Minute Tax Changes

  • January 10, 2020

In the eleventh-hour of 2019, the House passed a $426 billion tax cut plan that would revive a hodgepodge of benefits known as extenders, kill a controversial tax on church parking, rescind several Obamacare

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Prepare for Filing 2019 Federal Income Tax Returns

  • December 16, 2019

Taxpayers and tax professionals can act right now to avoid any tax-time surprises and ensure smooth processing of their 2019 federal income tax returns, with these handy reminders and suggestions from

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Avoid the Temptation of Tax Evasion

  • November 20, 2019

If you intentionally fail to pay taxes or underreport your taxable income, you could be charged with tax evasion. In order to be convicted of tax evasion, the IRS must show that you deliberately tried

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