Articles

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Terms to help taxpayers better understand Individual Retirement Arrangements

By Kaufman Accounting | Nov 2, 2020
IRA, Roth IRA, Simple IRA, Contribution, Distribution – when considering Individual Retirement Arrangements (IRA’s) things can get a little confusing. ...
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Earning a side income: Is it a hobby or a business?

By Kaufman Accounting | Sep 3, 2020
Whether it’s something you’ve been doing for years or something that you have just started recently to make extra month, ...
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Home Office deduction: What taxpayers need to know

By Kaufman Accounting | Sep 3, 2020
The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people working from home ...
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Paycheck Protection Program Loan Forgiveness

By Kaufman Accounting | Sep 3, 2020
The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small business affected by COVID-19 ...
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A close up of irs logo on top of the irs document.

A letter from the IRS? What taxpayers need to know if they receive a notice from the IRS

By Kaufman Accounting | Sep 3, 2020
According to the Internal Revenue Service (IRS), they mail letter or notices to taxpayers every year for many different reasons.Here ...
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Don’t Forget, Social Security benefits may be taxable

By Kaufman Accounting | Jul 31, 2020
The IRS reminds taxpayers receiving Social Security benefits that they may have to pay federal income tax on a portion ...
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