Kenneth D. Eichner, P.C. Jan 51 min2022 Deductions and ExemptionsStandard Deduction1Deduction Single: $12,950 Joint returns & surviving spouses: $25,900 Married filing separately: $12,950 Head of...
Kenneth D. Eichner, P.C. Dec 20, 20211 minLast Monthly Child Credit Payment for 2021IRS is disbursing its last monthly child credit payment for 2021 on Dec. 15. Taxpayers who file a federal return next year will use...
Kenneth D. Eichner, P.C. Dec 1, 20215 minPeace of Mind That Won't Cost a Penny - IRS ID Theft Protection ProgramWASHINGTON – As part of a wider effort to increase security, the Internal Revenue Service today reminded taxpayers they can get extra...
Kenneth D. Eichner, P.C. Nov 12, 20212 minVirtual Currency...Every Bit CountsIn Internal Revenue Service Notice 2014-21, virtual currencies like Bitcoin are classified as property. The IRS is aware of the growing...
Kenneth D. Eichner, P.C. Nov 10, 20211 minMedicare Premiums & The Self EmployedSelf-employed individuals can deduct their Medicare premiums above the line. Medicare premiums paid by a self-employed individual are...
Kenneth D. Eichner, P.C. Sep 1, 20212 min2021 Social SecurityThe Social Security Administration announced a 1.3 percent boost to monthly Social Security and Supplemental Security Income (SSI)...
Kenneth D. Eichner, P.C. Jul 28, 20212 minOn the Hunt for Foreign AccountsIRS and the Justice Dept. are on the prowl for undisclosed foreign accounts, devoting resources to get U.S. owners of the accounts to...
Kenneth D. Eichner, P.C. Jul 26, 20212 minAvoid These Small Business IRS Audit MistakesBusinesses that are slowly emerging from the COVID-19 pandemic should now keep their eye on another looming obstacle: IRS audits. In late...
Kenneth D. Eichner, P.C. Feb 3, 20211 minAre Taxes Going to Increase in 2021?Don’t expect tax increases in 2021, either on corporations or rich individuals. Joe Biden may have campaigned on higher taxes for...
Kenneth D. Eichner, P.C. Jul 2, 20202 minForced to Withdraw from Retirement Accounts?!Forced to Withdraw from Retirement Accounts?!
Kenneth D. Eichner, P.C. Jul 2, 20203 minTime to Build Your Case For Loan ForgivenessInitial loan forgiveness application now available
Kenneth D. Eichner, P.C. Jul 2, 20201 minTrying to Save a 2016 Tax Refund? Read This!the IRS is granting a delay in claiming 2016 tax refunds until July 15, 2020.
Kenneth D. Eichner, P.C. Jul 2, 20202 minStimulus Payments: The Senior ProblemThere is confusion regarding whether seniors who receive Social Security have to file a simple tax return to get their $1,200 stimulus check
Kenneth D. Eichner, P.C. Jul 2, 20201 minSecond Quarter Estimated Payments DelayJune 15 deadline moved to July 15
Kenneth D. Eichner, P.C. Jul 2, 20202 minMust Read for Small Business Coronavirus LoansBeginning April 3, 2020, your small business can apply for a PPP loan funded as part of the coronavirus CARES Act.
Kenneth D. Eichner, P.C. Jul 2, 20202 minPPP Loan Forgiveness Made EasierPPP loan forgiveness just got a lot easier thanks to the Paycheck Protection Flexibility Act passed by Congress.
Kenneth D. Eichner, P.C. Jul 2, 20202 minKey Coronavirus Tax ChangesIn addition to filing delays and a one-time stimulus payment, the IRS is implementing many changes in response to the coronavirus pandemic.
Kenneth D. Eichner, P.C. Jul 2, 20202 minIdeas to Help Pay Bills During Tough TimesHere are 6 ways to get cash to help pay for your monthly expenses.
Kenneth D. Eichner, P.C. Jul 2, 20202 minGet Your Money: Ensure You Receive a Stimulus PaymentTo check on status or speed things up. Want faster payment? Payment not yet received? Use the Get My Payment tool.
Kenneth D. Eichner, P.C. Jul 2, 20203 minCOVID-19 Stimulus Payments. READ THIS NOW!The Coronavirus Aid, Relief, and Economic Security (CARES) Act recently signed into law provides a one-time payment, among other items, to i