hrltax.com RSS Feed https://hrltax.com/ Take a look at our recent blog posts and client newsletter articles. en-us Wed, 05 May 2021 00:00:00 -0500 Wed, 05 May 2021 00:00:00 -0500 Ways to Improve Your Relationship with Money https://www.hrltax.com/newsletter.php#feed_1138

The key to financial security is to study, understand, and improve your personal relationship with money.

The post Ways to Improve Your Relationship with Money first appeared on www.financialhotspot.com.
Wed, 05 May 2021 00:00:00 -0500 https://www.hrltax.com/newsletter.php#feed_1138
Tax Withholding for Seasonal and Part-Time Employees https://www.hrltax.com/newsletter.php#2 Part-time and seasonal employees are subject to the same tax withholding rules that apply to other employees. Sat, 01 May 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#2 Tax Return Tips for Last-Minute Filers https://www.hrltax.com/newsletter.php#1 If you've been procrastinating about filing your tax return this year, here are some tips that might help. Sat, 01 May 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#1 Saving for Education: Understanding 529 Plans https://www.hrltax.com/newsletter.php#3 Section 529 plans are an excellent way to save for your child's education and can be used for pre-college and vocational education expenses as well as college. Sat, 01 May 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#3 Deducting Business-Related Car Expenses https://www.hrltax.com/newsletter.php#5 If you're self-employed and use your car for business, you can deduct certain business-related car expenses. Sat, 01 May 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#5 Avoiding Tax Surprises When Retiring Overseas https://www.hrltax.com/newsletter.php#4 Are you approaching retirement age and wondering where you can retire to make your retirement nest egg last longer? Retiring abroad may be the answer. But first, it's important to look at the tax implications because not all retirement destinations are created equal. Sat, 01 May 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#4 The Importance of Separating Personal & Business Expenses https://www.hrltax.com/newsletter.php#feed_1132

Discover some great tips for effectively separating your personal and business expenses. Read More!

The post The Importance of Separating Personal & Business Expenses first appeared on www.financialhotspot.com.
Wed, 28 Apr 2021 00:00:00 -0500 https://www.hrltax.com/newsletter.php#feed_1132
Government Programs That Can Benefit Your Small Business https://www.hrltax.com/newsletter.php#feed_1126

Learn how to access resources for grants and low-interest loans to launch, manage, and plan your business success.

The post Government Programs That Can Benefit Your Small Business first appeared on www.financialhotspot.com.
Wed, 21 Apr 2021 00:00:00 -0500 https://www.hrltax.com/newsletter.php#feed_1126
What You Need to Know About FBAR & FATCA https://www.hrltax.com/newsletter.php#feed_1118

If you have foreign income, bank accounts, or assets, you need to understand FBAR and FATCA. Learn more!

The post What You Need to Know About FBAR & FATCA first appeared on www.financialhotspot.com.
Wed, 14 Apr 2021 00:00:00 -0500 https://www.hrltax.com/newsletter.php#feed_1118
Q & A: The $10,200 Unemployment Tax Break https://www.hrltax.com/newsletter.php#4 A new tax break - in effect only for the 2020 tax year - allows you to exclude the first $10,200 of unemployment compensation from your taxable income. Thu, 01 Apr 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#4 PPP Loan Deadline Extended Through May 31 https://www.hrltax.com/newsletter.php#5 The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, extending the deadline to apply for a loan by an additional 60 days. Thu, 01 Apr 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#5 Highlights of the American Rescue Plan Act https://www.hrltax.com/newsletter.php#2 Signed into law on March 11, the American Rescue Plan Act of 2021 contains several tax provisions affecting individuals and families. Thu, 01 Apr 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#2 Federal Tax Deadline Extended To May 17 https://www.hrltax.com/newsletter.php#1 The federal income tax filing due date for individual taxpayers, including those who pay self-employment tax, has been extended to Monday, May 17, 2021. Thu, 01 Apr 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#1 Economic Impact Payments: Round Three https://www.hrltax.com/newsletter.php#3 Starting March 12, the IRS began sending out the third round of economic impact payments via direct deposit, paper checks, and EIP Cards. Thu, 01 Apr 2021 09:00:00 -0500 https://www.hrltax.com/newsletter.php#3 How to choose the right tax accountant for your Business https://www.hrltax.com/blog.php?id=25 Having the right accountant to work with is extremely important for any businesses. This directly leads to one of the most frequently asked questions to all business owner; How to choose the right tax accountant for your business. Mon, 20 Jan 2020 09:00:00 -0600 https://www.hrltax.com/blog.php?id=25 What to do When an EDD Auditor requesting an Extension of your Audit Statue [Form DE 1977] https://www.hrltax.com/blog.php?id=24 It is very common for EDD auditor to request a wavier of the statue from Taxpayer. Understanding how to deal with this situation is extremely important to the outcome of an EDD audit. This article provides taxpayers with insight information on the topic of an EDD audit. Wed, 28 Aug 2019 09:00:00 -0500 https://www.hrltax.com/blog.php?id=24 EDD Audit Process Summary https://www.hrltax.com/blog.php?id=23 Put it in simple words, the main objective of an EDD audit is not only to review the accuracy of the payroll tax return filed but also exanimate the employer records for the compliance requirements listed below: Sun, 11 Aug 2019 09:00:00 -0500 https://www.hrltax.com/blog.php?id=23 Reasonable Causes for IRS Penalty Abatement https://www.hrltax.com/blog.php?id=22 One of the most frequently asked questions from troubled taxpayers is, what qualify as reasonable causes for IRS Penalty Abatement. In this article, we are going to dive into the detail of the reason causes of IRS Penalty abatement. Sun, 04 Aug 2019 09:00:00 -0500 https://www.hrltax.com/blog.php?id=22 If you received an assessment from a recent IRS audit, do you have to report this information to the California franchise tax board? https://www.hrltax.com/blog.php?id=21 This article will answer one of the most frequently asked questions after taxpayer receives an assessment from an IRS audit. Wed, 03 Jul 2019 09:00:00 -0500 https://www.hrltax.com/blog.php?id=21 Right to representation in IRS audit, what does it mean? https://www.hrltax.com/blog.php?id=20 In the previous article published on 06/26/2019, I detailed some of the important things you should know on choosing a qualified tax representative. I would highly recommend you go back and read the previous article if you think hiring a representative for your audit is the next thing for you. This article, we will be focusing on understanding your right to representation. Mon, 01 Jul 2019 09:00:00 -0500 https://www.hrltax.com/blog.php?id=20 Important things every taxpayer should know on choosing a qualified tax representative when dealing with the IRS https://www.hrltax.com/blog.php?id=19 choosing a qualified tax representative is an extremely important in resolving your tax issues successfully. An inexperienced tax representative could easily cause inaccurate assessments, unfair interest charges, and both civil and criminal penalties. Wed, 26 Jun 2019 09:00:00 -0500 https://www.hrltax.com/blog.php?id=19 How to Appeal an IRS audit assessment? https://www.hrltax.com/blog.php?id=18 When dealing with an IRS audit, it is very important for the taxpayer to understand their appeal rights to ensure a fair assessment could be reached. Wed, 19 Jun 2019 09:00:00 -0500 https://www.hrltax.com/blog.php?id=18 Will the IRS Take your Home when you owe back taxes? https://www.hrltax.com/blog.php?id=17 This article will answer One of the most frequently asked questions from Taxpayers who owe back taxes to the IRS is “Will the IRS take my personal residence as the payment of my tax debt?” Fri, 14 Jun 2019 09:00:00 -0500 https://www.hrltax.com/blog.php?id=17 IRS procedure and Taxpayer\'s solution to Non-Filed Tax Returns https://www.hrltax.com/blog.php?id=16 This section discusses the procedures involved in handling nonfiled tax returns. Sat, 12 Jan 2019 09:00:00 -0600 https://www.hrltax.com/blog.php?id=16 2018 Tax Law Update on S-Corporation Business Credit and Reasonable Compensation https://www.hrltax.com/blog.php?id=15 This article helps to explain the 2018 tax law updated on S-corporation business credit and reasonable compensation Wed, 02 Jan 2019 09:00:00 -0600 https://www.hrltax.com/blog.php?id=15 Tax Audit/Examination 1.1- IRS Individual Income Tax Examination [Form 1040] https://www.hrltax.com/blog.php?id=14 IRS Tax Audit/Examination, what Taxpayers should know. Mon, 08 Oct 2018 09:00:00 -0500 https://www.hrltax.com/blog.php?id=14 Tax Audit/Examination [Series 1] https://www.hrltax.com/blog.php?id=12 What you need to know and what you need to do when you encounter a tax audit by tax agencies including the IRS, CDTFA formerly known as BOE, and EDD? Sat, 14 Jul 2018 04:00:00 -0500 https://www.hrltax.com/blog.php?id=12 2018 Tax Updates [IMPORTANT INFORMATION] https://www.hrltax.com/blog.php?id=11 As the New Year rolls around, it's always a sure bet that there will be changes to current tax law and 2018 is no different now that many of the tax provisions pursuant to the Tax Cuts and Jobs Act of 2017 (TCJA) are in full effect. From health savings accounts to tax rate schedules and standard deductions, here's a checklist of tax changes to help you plan the year ahead. Mon, 08 Jan 2018 03:00:00 -0600 https://www.hrltax.com/blog.php?id=11 2018 Tax Season due dates and 2018 IRS updated information https://www.hrltax.com/blog.php?id=10 2018 Tax Filing Season Begins on Monday, January 29, 2018. Individual Tax Returns Due date is on April 17. Several IRS tools are Available to help Taxpayers during 2018 tax filing season. Mon, 08 Jan 2018 03:00:00 -0600 https://www.hrltax.com/blog.php?id=10 Authorities of an Internal Revenue Service (IRS) Revenue Officer https://www.hrltax.com/blog.php?id=9 A summary of the authorities of an IRS revenue officer. Wed, 31 Aug 2016 04:00:00 -0500 https://www.hrltax.com/blog.php?id=9 methods by which the IRS selects tax returns for examination (How does IRS select Returns for examination) https://www.hrltax.com/blog.php?id=8 By understanding the process of how IRS selects tax returns for audit or examination, it could help taxpayers and tax practitioners to prepare tax returns using favorable presentation techniques and to understand the likely issues if an examination ensues. Tue, 16 Feb 2016 03:00:00 -0600 https://www.hrltax.com/blog.php?id=8 2016 IRS IRA Contribution Limits https://www.hrltax.com/blog.php?id=7 IRS Individual Retirement Account Deduction Limit (Retirement Topics - IRA Contribution Limits) Mon, 11 Jan 2016 03:00:00 -0600 https://www.hrltax.com/blog.php?id=7 How to approach IRS Appeals for your tax assessment? Ways to Resolve IRS tax debt collection. https://www.hrltax.com/blog.php?id=6 After experiencing years of devastating economic conditions, many individuals are finding that they are unable to keep up with their income tax obligations. So, how does a person recover from the economic crisis when the IRS is beating on the door with notices on a daily basis? Tue, 15 Dec 2015 03:00:00 -0600 https://www.hrltax.com/blog.php?id=6 IRS Automated Collection System (ACS) vs. Revenue Officer: What is the Difference? https://www.hrltax.com/blog.php?id=2 What is the difference between IRS automated collection system and IRS revenue officer? My blog contains all the necessary information which trouble taxpayers should know before making any contact with IRS collections. Sat, 19 Sep 2015 04:00:00 -0500 https://www.hrltax.com/blog.php?id=2