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One of the most challenging aspects of owning a business is properly filing your taxes every year—and the changes to...

Don't get caught by the nanny tax This often overlooked bookkeeping and payroll tax requirement can cause a tangle of...

What everyone should know The American Rescue plan signed in March, 2021 requires the IRS to pay out ½ of...

You’ve loved dogs all your life so you decide to start a dog training business. Turning your hobby into a...

Now is the time to make your estimated tax payment If you have not already done so, now is the...

The tax filing due date often brings a sigh of relief to most taxpayers. Unfortunately, every tax day also closes...

What steps you should take If you receive a notice from the IRS, do not automatically assume it is correct...

What you need to know We're always being reminded to save for retirement in tax-advantaged accounts like 401(k)s or IRAs....

There will be a lot of political rhetoric about increasing the national debt with trillions more in spending, adding billions...

With the end of the 2020 filing season upon us, now is the time to become aware of major changes...

It’s hard to believe a little over a year ago the COVID 19 pandemic hit everyone. As things slowly turn...

Hot housing market requires tax knowledge With housing prices skyrocketing, more homeowners are considering cashing out to multiples over list...

What you need to know The whirlwind of tax changes just keeps going. Now if you have children 17 or...

Now is the time to make your estimated tax payment Despite the individual tax filing due date being delayed until...

Good news, that is sometimes not so good For some reason, some believe it is better to receive than give...

Wouldn't it be nice to have a source of nontaxable income? You may be more fortunate than you realize. Here...

What you need to know Individual tax filing due date: May 17, 2021 (was April 15, 2021) Unemployment income: $10,200 per person not...

Prior to e-filing your tax return, you will need to review it. Here are some suggestions to ensure everything looks...

Fair market value (FMV) is the price that property would sell for on the open market. It is the price...

Most of us go through life without being concerned with, or ever checking on, our Social Security records. We assume...

Your grandson needs a car, but cannot afford the payments. As a favor, you provide the $25,000 to purchase the...

Here are six tax topics that seem innocent but can cause problems if not handled correctly. 1. Gambling winnings.  If...

New one-time use PIN option available for all The IRS is expanding a pilot program that uses Identity Protection Personal...

Your 1099's are coming soon Virtually every small business, including sole-proprietors, must issue at least one 1099 each year. And...

Each year thieves try to steal billions in federal withholdings by stealing your identity. As the IRS focuses more attention...

Knowing the difference is very important Are you an independent contractor or an employee? As the pandemic continues, many long-time...

Now is the time to make your estimated tax payment If you have not already done so, now is the...

New mileage rates announced by the IRS Mileage rates for travel are now set for 2021. The standard business mileage...

There are many tax benefits built into home ownership. Here is a review of the most common. It may be...

Each year the IRS publishes the top dozen tax scams it encounters over the prior year. One of them that...

As part of your planning for next year, now is the time to review funding your retirement accounts. By establishing...

At the end of each year there are a number of things to consider that may have a positive impact...

Age does matter, when it comes to tax obligations One of the elements that make our Federal Tax Code so...

Here are 6 ideas that most people can use While 2020 winds down, there is still time to reduce your...

The IRS recently announced key tax figures for 2021, using information based on the Consumer Price Index published by the...

Creating order out of chaos As important tax records start filling mailboxes, how can you make sure your tax preparation...

Can't itemize? There are still tax breaks for you A common misconception in tax filing has been that if you use...

Is it always a good idea to amend your tax return if you find an error? There's usually an element...

The Social Security Administration announced a 1.3 percent boost to monthly Social Security and Supplemental Security Income (SSI) benefits for...

How a tax law makes us sloppy and creates a tax risk One of the more popular provisions in the...

Know when you should ask for professional help. Before taking action talk to your tax adviser. How many times have...

Does your paycheck look a little higher than normal? If so, it could be a tax time bomb. The Problem...

Now is the time to make your estimated tax payment If you have not already done so, now is the...

Is there a taxable income reduction idea you can use? Many tax experts talk about shifting your tax burden from...

Information is key when using this tax planning strategy You own some stock that has increased in value. To avoid...

States are creating laws that snag taxpayers everywhere New state tax laws are making more and more taxpayers tax cheats...

With the dramatic increase in identity theft, what can be done to protect your Social Security number (SSN) from these...

What every Roth IRA account holder should know Withdrawing funds from your retirement accounts must be done carefully to avoid...

Some of these items may surprise you. There are a number of areas in the tax code that cause confusion...

Surprise! Your stock loss is not deductible. You may be considering booking stock losses due to recent market drops in...

You’ve got it all planned out. Your retirement savings accounts are full, you have started receiving Social Security benefits and...

Now is the time to make your estimated tax payment If you have not already done so, now is the...

Don't let them happen to you! Every year taxpayers are hit with tax surprises that could be avoided if they...

Don't forget to save receipts The kids are out of school and summer is well underway. Make sure you understand...

Wouldn’t it be nice to check out of the workforce early and not have to worry about having enough money...

Most taxpayers ignore the federal estate tax, thinking they will never be touched by it. Unfortunately, you do this at...

Some of the most common tax filing mistakes we see here at Appletree Business Services are not filing taxes on...

Your tax bill is now due and you may be considering paying the bill with your credit card. Is this...

With the uncertainty in the marketplace, now is a good time to review the rules surrounding investment losses. This knowledge...

When is a tax planning session essential? One of the biggest tax benefits available today is the exclusion of gains...

Lost in the pandemic is a tax law change that may require your attention Lost in the media storm during...

Economic impact payments bring out thieves The IRS is warning you to be on the lookout for a surge of...

Who would ever have foreseen a time when petroleum companies would pay you to take their oil? This phenomena underscores...

Status and non-filer tools launched by IRS The IRS recently announced the launch of web sites for non-tax filers to...

What every taxpayer should know In addition to filing delays and stimulus payments, the IRS is implementing many changes in...

The Coronavirus Aid, Relief, and Economic Security (CARES) Act recently signed into law provides a one-time payment, among other items,...

Families First Coronavirus Response Act provides worker benefits The Families First Coronavirus Response Act is a new law passed in...

What you need to know now! The tax deadlines move from the April 15th tax deadline to July 15th, per...

Parents of young children will always have plenty to worry about. New tax legislation passed at the end of 2019...

Stop holding up your tax filing Tax Form 1095 has been nothing but a headache since its introduction. This federally...

Reap the benefits of new laws Recent legislation makes changes to popular retirement savings plans like IRAs and 401(k)s. Here...

Tax savings can be found in the elections you make! Every year is an election year when it comes to...

Often if you are in dire need for money the most tempting area to look is your IRA, 401(k), and...

Late filing of S corporation and partnership returns can be costly The last couple of years, the IRS has been...

Common items that are often forgotten Wondering why your tax return is not finished? Often the delay can come from...

Newly passed tax law could benefit many Deep inside legislation passed in late 2019, is a provision that broadens the...

What to do to fix this thorny problem It is late January and you realize the 1099-MISC you receive is...

Now is the time to make your estimated tax payment If you have not already done so, now is the...

New mileage rates announced by the IRS Mileage rates for travel are now set for 2020. The standard business mileage...

What everyone needs to know Late on Friday December 20th a new 1,770 page bill was signed into law. Deep...

If you don’t receive a W-2 or 1099, is this a defense to protect yourself from not reporting the income...

What you need to do NOW! Year-end is a good time to ensure you have proper documentation to substantiate your...

Now is the time to review your tax withholdings Just when you thought you had a firm grasp on all...

Before 2019 comes to a close, take some time to review these essential items to ensure you are not missing...

The IRS recently announced key tax figures for 2020, using information based on the Consumer Price Index published by the...

Action you can take before time runs out Here are five tax saving ideas that can be used by most...

What did thieves try to steal? Tax identification theft is becoming all too common. Victims know how frustrating the experience...

The Social Security Administration announced a 1.6 percent boost to monthly Social Security and Supplemental Security Income (SSI) benefits for...

Donation basics to ensure a tax deduction Donating to charity not only helps others, it can reduce your tax bill...

While the maximum capital gain tax rate can be as high as 23.8 percent, most taxpayers pay 15 percent. But...

Even those in their 20s should review this tip! Although you won’t become eligible for Social Security until your 60s,...

The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra...

Kids aren’t the only ones heading back to school this fall. Many adults are also taking courses to pursue a...

Action to take now! Now is a good time to assess your current situation and address those lingering tax moves...

Now is the time to make your estimated tax payment If you have not already done so, now is the...

As you or family members approach retirement years, it is important to have a basic understanding of the IRS gift...

Everybody likes getting something for free, and taxes are no different. Investing in securities like municipal bonds (munis) or municipal...

It's possible that someone in your family will need assisted living care at some point in their life. This care...

Despite what you may think, the marriage penalty is still alive and well. Whether you’re changing your filing status in...

Does your child, grandchild, or someone else you know need a place to live while attending college? Instead of renting...

Suppose you own property you intend to transfer to your loved ones. Perhaps you are considering giving your children an...

The IRS remains on the lookout for tax scams that can blindside unsuspecting taxpayers. Now two variations of past scams...

One of the basics in retirement is to be as tax efficient with your income as possible. In 2019, income...

When it comes to the perception of IRS audits, conjecture reigns supreme. The combination of the complex tax code and...

Summer is usually the time for relaxing, but it can also be a time for tax savings, especially if you’re...

Despite what you may have heard from friends or family, you can still claim generous tax benefits for charitable contributions....

Your kids are getting older. Before you know it they’ll be dating, driving and entering college (if they aren't already!)....

Now is the time to make your estimated tax payment If you have not already done so, now is the...

New contribution limits are on the horizon The savings limits for the ever-popular health savings accounts (HSA) are now set...

Don't get complacent... The IRS reported audit rates declined last year for the seventh year in a row and reached...

What every taxpayer should know You can begin receiving your Social Security retirement benefit as early as age 62. But...

Summer brings warm weather, fun outdoor activities and new opportunities to earn some additional income. However, taxes on seasonal income...

Understand the rules now to avoid a tax surprise later There is large tax break that allows you to exclude...

Your guide to post tax-filing record retention Tax season is over and yet another tax return has been sent off...

Whether you receive a big refund or pay taxes on tax day, taking action now can ensure next year’s tax...

Last-minute details, tips and freebies With the individual tax-filing deadline on Monday, April 15, now is the time to complete...