by Borland Benefield Staff | Sep 22, 2022 | Articles for September 2022, Tax Code, Tax Credits, Tax Related
Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages. Here are eight reasons why it’s better to be an owner, rather than a renter, from a...
by Borland Benefield Staff | Sep 8, 2022 | Articles for September 2022, Birmingham Accountants, Borland Benefield Staff, Nonprofit Auditing, Tax Code, Tax Related
The IRS is currently inundated with procedural and technical obstacles that have caused processing delays. Here are some items of note that have been reported by exempt organizations and their service providers. Announcement 2001-33 Replaced. Nonprofits should be...
by Borland Benefield Staff | Feb 24, 2022 | Articles for February 2022
Now that we’re in the midst of tax season, many people are getting their forms, receipts, and other records in order. Most people are probably looking at all those papers and wondering, how long they might have to keep all that paperwork. The good news is you can get...
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....
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