by Borland Benefield Staff | Feb 9, 2022 | Articles for February 2022
If you received an EIP or ACTC payments, make sure you have your Advance Child Tax Credit letter (Letter 6419) and/or Economic Impact Payment letter (Letter 6475) on hand when preparing your returns. The IRS began mailing information letters to ACTC and EIP recipients...
by Borland Benefield Staff | Jan 20, 2022 | Articles for January 2022
Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2022, compared with 2021....
by Borland Benefield Staff | Dec 7, 2021 | Articles for December 2021
The Infrastructure Investment and Jobs Act of 2021 (IIJA) was signed into law on Nov. 15, 2021. The IIJA includes IRS information reporting requirements that will require cryptocurrency exchanges to perform intermediary Form 1099 reporting for cryptocurrency...
by Borland Benefield Staff | Oct 14, 2021 | Articles for October 2021
Nonprofits are a key focus of Borland Benefield, making up a considerable portion of the firm’s client base. But outside of business, many Borland Benefield associates choose to be members of nonprofits because the mission and core values of the organizations...
by Borland Benefield Staff | Sep 16, 2021 | Articles for September 2021
Section 529 college savings plans — also known as qualified tuition programs — have been around long enough that many people are now withdrawing money to pay for school. Qualified withdrawals are always federal-income-tax-free and usually state-income-tax-free, too....
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