askcpas.com RSS Feed https://askcpas.com/ Take a look at our recent blog posts and client newsletter articles. en-us Tue, 01 Jun 2021 09:00:00 -0500 Tue, 01 Jun 2021 09:00:00 -0500 What are Estimated Tax Payments? https://www.askcpas.com/newsletter.php#5 Estimated tax is the tax paid on income not subject to withholding, such as income from self-employment, interest and dividends, rent, prizes and awards, and gains from the sale of assets. Tue, 01 Jun 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#5 Tips to Help You Figure Out if Your Gift is Taxable https://www.askcpas.com/newsletter.php#3 If you've given money or property to someone as a gift, you may owe federal gift tax. There are, however, exceptions. Tue, 01 Jun 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#3 Tax Considerations When Selling Your Small Business https://www.askcpas.com/newsletter.php#1 If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is that without a tax planning strategy in place, you could be liable for capital gains and other taxes - leaving you with far less cash than you anticipated. Tue, 01 Jun 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#1 Expat Compliance With US Tax Filing Obligations https://www.askcpas.com/newsletter.php#4 If you're an expat who has relinquished - or intends to relinquish - your US citizenship but still has US tax filing obligations (including owing back taxes), you'll be relieved to know there are IRS procedures in place that allow you to come into compliance and receive relief for any back taxes owed. Tue, 01 Jun 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#4 Changing Jobs? Don't Forget About Your 401(k) https://www.askcpas.com/newsletter.php#2 One of the most important questions you face when changing jobs is what to do with the money in your 401(k) account. Making the wrong move could cost you thousands of dollars or more in taxes and lower returns. Tue, 01 Jun 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#2 Tax Withholding for Seasonal and Part-Time Employees https://www.askcpas.com/newsletter.php#2 Part-time and seasonal employees are subject to the same tax withholding rules that apply to other employees. Sat, 01 May 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#2 Tax Return Tips for Last-Minute Filers https://www.askcpas.com/newsletter.php#1 If you've been procrastinating about filing your tax return this year, here are some tips that might help. Sat, 01 May 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#1 Saving for Education: Understanding 529 Plans https://www.askcpas.com/newsletter.php#3 Section 529 plans are an excellent way to save for your child's education and can be used for pre-college and vocational education expenses as well as college. Sat, 01 May 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#3 Deducting Business-Related Car Expenses https://www.askcpas.com/newsletter.php#5 If you're self-employed and use your car for business, you can deduct certain business-related car expenses. Sat, 01 May 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#5 Avoiding Tax Surprises When Retiring Overseas https://www.askcpas.com/newsletter.php#4 Are you approaching retirement age and wondering where you can retire to make your retirement nest egg last longer? Retiring abroad may be the answer. But first, it's important to look at the tax implications because not all retirement destinations are created equal. Sat, 01 May 2021 09:00:00 -0500 https://www.askcpas.com/newsletter.php#4 Property Lien Scam https://askcpas.com/blog.php?id=22 Thu, 26 Sep 2019 09:00:00 -0500 https://askcpas.com/blog.php?id=22 Summertime IRS Tax Tips https://askcpas.com/blog.php?id=21 Wed, 10 Jul 2019 09:00:00 -0500 https://askcpas.com/blog.php?id=21 Tax Reform Changes https://askcpas.com/blog.php?id=20 Wed, 20 Mar 2019 09:00:00 -0500 https://askcpas.com/blog.php?id=20 Check your paychecks https://askcpas.com/blog.php?id=19 Fri, 15 Mar 2019 09:00:00 -0500 https://askcpas.com/blog.php?id=19 Choosing tax preparers https://askcpas.com/blog.php?id=18 Wed, 13 Mar 2019 09:00:00 -0500 https://askcpas.com/blog.php?id=18 Avoiding phone scams this tax season https://askcpas.com/blog.php?id=17 Fri, 08 Mar 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=17 How a name change affects your tax return https://askcpas.com/blog.php?id=16 Thu, 07 Mar 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=16 Be prepared before contacting the IRS https://askcpas.com/blog.php?id=15 Wed, 06 Mar 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=15 Taxpayers who turned 70 1/2 during 2018 must begin receiving retirement plan payments https://askcpas.com/blog.php?id=14 Tue, 05 Mar 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=14 Taxpayer tips to minimize data theft https://askcpas.com/blog.php?id=13 Mon, 04 Mar 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=13 Checking your refund status https://askcpas.com/blog.php?id=12 Mon, 04 Mar 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=12 Tax Help https://askcpas.com/blog.php?id=11 Thu, 31 Jan 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=11 IRS Waives Estimated Tax Penalty https://askcpas.com/blog.php?id=10 Fri, 18 Jan 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=10 Form 1099-G Available for Tax Preparation https://askcpas.com/blog.php?id=9 Wed, 09 Jan 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=9 https://askcpas.com/blog.php?id=8 Tue, 08 Jan 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=8 New Limits for Important Things https://askcpas.com/blog.php?id=7 Fri, 04 Jan 2019 09:00:00 -0600 https://askcpas.com/blog.php?id=7 Thank you! https://askcpas.com/blog.php?id=6 Fri, 28 Dec 2018 09:00:00 -0600 https://askcpas.com/blog.php?id=6 Determining Who Qualifies ... Part 2 https://askcpas.com/blog.php?id=5 Now that we?ve determined what qualifies a child to be your qualifying child, let?s look at the four part test that determines who is a qualifying relative Mon, 27 Feb 2017 09:00:00 -0600 https://askcpas.com/blog.php?id=5 Determining Who Qualifies as a Dependent .... Part 1 of 2 https://askcpas.com/blog.php?id=4 Mon, 16 Jan 2017 09:00:00 -0600 https://askcpas.com/blog.php?id=4 Loan or Gift? https://askcpas.com/blog.php?id=3 Is this a loan or a gift? - The question every taxpayer must ask themselves before parting with a portion of their well-earned cash to a friend, relative, or that random hobo off the street. Tue, 06 Dec 2016 09:00:00 -0600 https://askcpas.com/blog.php?id=3