The new tax law passed this year is more complicated than it has been in decades. Many people who have traditionally done taxes on their own are opting to switch to a Certified Public Accountant to ensure they comply with the law and minimize their tax liability. As the tax law becomes more complex, there… Continue Reading
Tax
IRS Warns: New Phishing Scam
The Internal Revenue Service (IRS) sounded the alarm about a new phishing scam in which cybercriminals are sending out fraudulent emails impersonating the IRS, claiming the attachments are tax transcripts, to fool recipients into clicking on and opening files containing malware that could infect their computers. The scam email bears an attachment labeled “Tax Account… Continue Reading
Good News! Three Well-Liked Tax Benefits are BACK!
We have good news for those of you who have capitalized on these benefits in the past and were concerned that they were going away for good. THEY’RE BACK! And they’re retroactive so you may claim them for tax year 2017! These claims include: Exclusion from gross income of discharge of qualified principal residence indebtedness… Continue Reading
TAX TIME – Keeping Records
At Christianson, making sure you’re prepared and never at risk is one of our top priorities. One of the most commonly asked questions is: “how long do I have to keep my tax records?”. This is important for both individuals and for businesses. Here’s what you need to know: [video_player type=”youtube” style=”8″ dimensions=”560×315″ width=”560″ height=”315″ align=”center” margin_top=”0″… Continue Reading
Equifax Security Breach – What Now?
“What now?” This is the question that burdens many minds of those impacted by the Equifax breach in September. While it hasn’t impacted everyone, it’s leaving those not affected anxious and wanting to ensure their information remains safe. We posted previously about what to do if you were impacted and how you can protect yourself…. Continue Reading
Duty Drawback Refunds – Could This Benefit You?
At Christianson we want you to be aware of industry-related legislative changes that may impact your biofuels business. There has been a change to drawback regulations that may qualify your exports for a refund of similar product import tariffs. Here’s how it may impact you: Duty Drawback Simplification Are you currently importing and/or exporting goods… Continue Reading
