This is a common question and is a rather simple process that you can do yourself with no cost associated. First things first, visit IRS.gov. Do not…… Read more “How to Obtain Your EIN for Free”
Tag: deductions
Tax Tip Tuesday 10: Pass-Through Deduction 2
In our last blog, we discussed the new 20% pass-through deduction. This provision of the new tax law, codified in Section 199A of the IRS code, has…… Read more “Tax Tip Tuesday 10: Pass-Through Deduction 2”
Tax Tip Tuesday 9: Pass-Through Deduction 1
The new tax code has a significant change when reporting pass-through business income. Sole Proprietor, LLC’s, Sub-S Corps, and Partnerships are considered pass-through entities and are the…… Read more “Tax Tip Tuesday 9: Pass-Through Deduction 1”
Tax Tip Tuesday 8: Job Expenses and Misc. Deductions
We will close out our review of itemized deductions with a review of Casualty and Theft Losses, Job Expenses and Miscellaneous Deductions. The casualty and theft deduction…… Read more “Tax Tip Tuesday 8: Job Expenses and Misc. Deductions”
Tax Tip Tuesday 7: Charitable Contributions
Charitable Contributions Contributions to your favorite church or cause are deductible with a few changes. In 2017 the deductibility of contributions maxed out at 50% of your…… Read more “Tax Tip Tuesday 7: Charitable Contributions”
Tax Tip Tuesday 4: Itemized Deductions
Tax Tip Tuesday 4: Itemized Deductions Outside of the change in the standard deduction, the changes in itemized deductions will impact a substantial group of taxpayers. For…… Read more “Tax Tip Tuesday 4: Itemized Deductions”
Blaine La/Car Associates 