Original Article Source Credits: IRS, https://www.irs.gov/newsroom

Article Written By:  NA

Original Article Posted on: 10-Feb-2021

Link to Original Article: https://www.irs.gov/newsroom/common-and-costly-errors-taxpayers-should-avoid-when-preparing-a-tax-return

Original Article Source Credits: the balance, https://www.thebalance.com

Article Written By: Wes Moss

Original Article Posted on:  January 27, 2021

Link to Original Article: https://www.thebalance.com/when-preparing-your-taxes-3865895

Original Article Source Credits: CPA Practice Advisor, https://www.cpapracticeadvisor.com

Article Written By: NA

Original Article Posted on:  Feb 8th, 2021

Link to Original Article: https://www.cpapracticeadvisor.com/tax-compliance/news/21209287/working-with-a-tax-pro-is-even-more-important-in-2021

If you are a real estate agent, the chances are that you have already got a lot on your plate. Decision making, cashing in on opportunities and sales and marketing are some of the core activities that you cannot afford to ignore. Add to these the importance of keeping track of the rising and fall of real estate prices and knowing the new statutory regulations governing real estate scenarios, and you are left with hardly any time or breathing space.

Original Article Source Credits:   CPA Practice Advisor , https://www.cpapracticeadvisor.com/

Article Written By:  NA

Original Article Posted on:  Dec 1st, 2020

Link to Original Article:  https://www.cpapracticeadvisor.com/tax-compliance/news/21164618/irs-warns-tax-pros-about-scams-during-holidays

At C.A.C Financial Services, we understand that paying and filing your taxes as a small business can be quite a challenge. The entire tax season can be viewed as a stressful or laborious time for new small business owners, but with a little preparation, you can handle your taxes quickly and easily.

Original Article Source Credits: CPA Practice Advisor, https://www.cpapracticeadvisor.com

Article Written By: Andrew Argue

Original Article Posted on: Nov 9th, 2020

Link to Original Article: https://www.cpapracticeadvisor.com/tax-compliance/news/21161899/why-are-business-owners-worried-about-101-taxes

Original Article Source Credits: Chron, https://smallbusiness.chron.com

Article Written By: George N. Root III

Original Article Posted on: NA

Link to Original Article: https://smallbusiness.chron.com/advantages-bookkeeping-10662.html

Original Article Source Credits: CNBC, https://www.cnbc.com

Article Written By: Darla Mercado

Original Article Posted on: OCT 26 2020

Link to Original Article: https://www.cnbc.com/2020/10/26/here-are-the-new-income-tax-brackets-for-2021.html

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  William Perez

Original Article Posted on:  October 20, 2020

Link to Original Article: https://www.thebalance.com/income-tax-deadlines-3192862

You get an intimidating feeling when you realize that you owe money to the Internal Revenue Service (IRS). Tax debt is one of the most inescapable burdens in life, and you need to resolve it to prevent agents from hounding you. However, you can avoid possible confrontation or your assets being seized as long as you manage your debt situation well. To help you minimize your contact with an IRS agent, C.A.C Financial Services has listed five tips for resolving tax debt.

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:   JEFF STIMPSON

Original Article Posted on:  Sep 29, 2020

Link to Original Article:  https://www.investopedia.com/everything-to-know-about-individual-2020-taxes-4775907

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Darla Mercado

Original Article Posted on:  SEP 22 2020

Link to Original Article:  https://www.cnbc.com/2020/09/22/biden-calls-for-401k-tax-break-overhaul-what-it-means-for-you.html?&qsearchterm=tax

The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. Currently, this includes Lake, Monterey, Napa, San Mateo, Santa Cruz, Solano, Sonoma, and Yolo counties in California, but taxpayers in localities

It’s important to revisit your tax withholding, especially if major changes from the Tax Cuts and Jobs Act affected the size of your refund this year.

Many businesses that have been severely impacted by coronavirus (COVID-19) will qualify for two new employer tax credits – the Credit for Sick and Family Leave and the Employee Retention Credit.

Here are some important things taxpayers should know about estimated tax payments:

1. Use the Interactive Tax Assistant to help determine if you should file an amended tax return.
2. Don’t amend for math errors or missing forms.

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