tax tip from laciak cpa

The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can…

In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they…

working from home and claiming unemployment

COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two…

q4 2020 Tax Calendar

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind…

seller deductions

Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, compared with…

employer payroll questions answered

The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment…

education tax breaks

Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any…

5 facts about bonus depreciation

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five…

social security tax update

If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how…