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There Is No Such Thing As a Department of Employee Retention Credit: Ignore ERTC Promoters, Skip the Seminars, and Avoid ERC Scammers
Not a real department. Courtesy | Twitter, Dan Chodan, @danchodan Beware of Third-Party ERC Schemes and Aggressive Promoters The Employee Retention Credit (ERC)…
“Status: It’s Complicated” Breaking Down the Head of Household status, Spouse vs Dependents, and How Many Allowances You Can Claim
"Can my wife be a dependent?" Only if you wanna sleep on the couch. Are You The Head of Household? This filing status allows for…
Combat Pay: When It’s Tax-free, When It’s Not and What the IRS Needs to Know for Your Tax Returns
The irony of tax-free pay is how much paperwork is involved. Combat pay is a special type of income that is granted to military personnel…
The Other Tax Credit for Children: What is the Child Care Tax Credit and How Does It Work?
A credit for taking care of kids. A credit for having kids. Now where's the tax credit for teenagers sass? The Child Care Tax Credit…
Love and Paperwork: What Does It Mean to Be Married and File Single?
So, it's got some tax advantages, but now my question is "how do you bring this up at dinner?" When couples get married, they typically…
What Will the Daycare Tax Credit Actually Pay for? Let’s Take Care of That Child and Dependent Care Tax Credit
Also known as the "Keeping Mommy Sane" tax credit. What Is Form 2441: Child and Dependent Care Expenses? Form 2441: Child and Dependent Care Expenses…
When Small Benefits Add Up: How to Qualify for the IRS De Minimis Safe Harbor Election
My Latin might be rusty, but is this the business equivalent of "don't sweat the small stuff"? De minimus is Latin for "not a big…
Child and Dependent Care Tax Credit Offers Benefits and Care for Caregivers
The Child and Dependent Care Tax Credit is a beneficial tax credit provided by the US government to assist families who have dependents that require…
