IRS IP PIN Program: What You Need to Know

IRS IP PIN Program: What You Need to Know

Identity theft related to tax returns is a concerning issue. Fraudsters with access to taxpayer’s personal information, might file a tax return and claim a fraudulent refund before the real taxpayer gets a chance. By the time the legitimate taxpayer files, the IRS...

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Home Office Deductions – Do You qualify?

Home Office Deductions – Do You qualify?

Over the past few years, countless workers began working from home – either fully remote or in a hybrid fashion. In the past, workers deducted their home offices and related expenses. Do you qualify? Not all workers do, so let us dive in below. W-2 Employee If you are...

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Corporate Delaware Annual Franchise Tax Return

Corporate Delaware Annual Franchise Tax Return

Many founders decide to incorporate their business in the State of Delaware, often at the advice of corporate attorneys and investors.  While the corporation may not have an income tax imposed simply for incorporating in the state, the corporation remains subject to...

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2023 Changes in Individual Tax Credits

2023 Changes in Individual Tax Credits

There have been many changes to credits over the last few years; especially Covid related tax credits.  Here is what is currently applicable to the 2023 tax year.   Child and Dependent Care Tax Credit – the temporary increase in childcare expenses amount for the...

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Retirement Changes Through SECURE Act 2.0

Retirement Changes Through SECURE Act 2.0

In late December 2022, the SECURE Act 2.0 was passed.  SECURE stands for Setting Every Community Up for Retirement Enhancement and this act is predominantly focused on enhancements to retirement programs. Catch Up Contributions For taxpayers 50 years and above, catch...

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