Terms to help taxpayers better understand Individual Retirement Arrangements
By Kaufman Accounting |
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 |
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 |
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 |
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 letter from the IRS? What taxpayers need to know if they receive a notice from the IRS
By Kaufman Accounting |
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 |
The IRS reminds taxpayers receiving Social Security benefits that they may have to pay federal income tax on a portion ...
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