Dutton Accounting and Tax

Merlin 02 back in the mountains for some much needed TLC.

I can’t help you, if you don’t tell me!

Get your clean energy tax credits Don't get FOMO, get money.

New Homeowner Tax Credits Tax incentives help current homeowners protect their investment and make homeownership more accessible for all. When filing this year, make sure you know about the new federal tax credits that will help make homes more energy efficient while reducing energy costs and demand. Preserving and expanding...

Learn about Marginal Tax Rates and Breaks How Marginal Tax Rates and Breaks Affect What You Pay

How To Fill Out a W-4 Form for 2024 The W-4 form is an Employee's Withholding Allowance Certificate designed to let your employer know how much of your income to withhold for federal taxes. You should fill out a new W-4 when you have...

Lost Your W-2? Here’s What To Do While getting a duplicate of a W-2 does take a little legwork, it's certainly doable. Here's how to get a replacement W-2.

Here’s How Long You Should Hold Onto Tax Filing Paperwork, According to an Expert Do you ever wonder how long you should hang onto your tax paperwork? This form of recordkeeping may lead taxpayers to ask how long they need to keep and store documentation or if they are meant to...

Do You Need to File Taxes as a Student? | Factors and Steps Explore student tax obligations, types of income, credits, deductions, tax forms, and essential steps for a streamlined tax filing experience.

Do I Need a 1099-R Form For Taxes? When tax season rolls around, your mailbox might fill up with W-2s and other forms that you'll need to file your return. An Internal Revenue Service (IRS) Form 1099-R might be in the mix if you received certain types of … Continue reading → The post What Is a 1099-R Form? appeared first on Smart...

Well, this shakes things up, but like the article says, if your filing isn't too complicated, might be easier to comply...

Corporate Transparency Act Declared Unconstitutional In New Case A recent case has held that the Corporate Transparency Act is unconstitutional. But this is not likely the last word on the CTA.

Trump Tax Cuts Expiring Soon: Action Steps You Need to Take Now With many of the Tax Cuts and Jobs Act (TCJA) also known as the Trump Tax Cuts provisions set to expire in 2025, individuals need to be tax planning now.

These 6 Common Tax Mistakes Could Trigger an IRS Audit. Here's What to Avoid. Nobody wants to be audited. Avoiding these tax mistakes can help stave off any unwanted IRS attention.

When Do I Have To Issue A 1099 Form To Someone I Paid? Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but we'll try to clear up any confusion.

Social Security Is Taxable? How to Minimize Taxes Many retirees are surprised to learn that, above a certain income threshold, Social Security can be subject to taxation. Here are strategies to consider.

Time to go back to work! Setting appointments beginning this weekend.

This is what led to the new regulations requiring business to register their beneficial owners.

Income tax returns: Here's how soon you could get a refund and where to check its status Millions of taxpayers will soon begin filing their 2023 income tax returns, and the IRS is offering advice on the best ways to get your refund quickly, and how to check on its status.

Change to the Kansas reporting requirements. This is the report to the Kansas Secretary of State, not the new federal Beneficial Ownership reporting requirement.

I can help! Don’t miss this deadline!

Small Biz Faces A Huge New Reporting Reg Next Year Think Outside The Tax Box (TOTTB) is a premier online publication dedicated to the ever-evolving world of taxation. With a mission to simplify complex tax scenarios, TOTTB offers expert insights, timely guidance, and actionable strategies to help tax professionals navigate the intricate landscape of tax research.

The general rule is that payments for rent or labor of $600 or more to any, unincorporated entity require the issuance of a 1099. I will gladly handle this requirement for you, but I need the information to prepare them!

I had this question today, and realized I haven’t posted anything good about it on this page: saving taxes by hiring your children.

How To Hire Your Kids To Save $1,000s In IRS Tax Dollars The IRS permits you to hire your kids and pay them a maximum annual payment of $13,850. Learn how hiring your children can save a substantial amount on taxes.

Small Biz Faces A Huge New Reporting Reg Next Year Think Outside The Tax Box (TOTTB) is a premier online publication dedicated to the ever-evolving world of taxation. With a mission to simplify complex tax scenarios, TOTTB offers expert insights, timely guidance, and actionable strategies to help tax professionals navigate the intricate landscape of tax research.

Tax Tips for Charitable Giving Helpful tax tips for your charitable contributions, including stock donations.

Find Out What Filers Need To Know IRS Drastically Reduces E-filing Threshold for Information Returns: What Filers Need to Know.

If you are a part of ANY entity that is formed under state law, this applies to you! This includes Corporations, LLCs, & Trusts. You MUST submit a “Beneficial Ownership Information Report” with the Department of the Treasury’s Financial Crimes Enforcement Network.

These reporting requirements MUST be complied with and the penalties for ignoring this can be HUGE! (Think civil penalties of $500 per day, per owner, with no cap. Think criminal penalties of $10,000. Think jail time!)

Your tax person “may” help you, but this is not part of your tax filing, it is the responsibility of the business. Please don’t miss this. Talk to your attorney or accountant if you have questions.

Corporate Transparency Act — What You Need to Know The Corporate Transparency Act, which goes into effect in January 2024, may require your small business to report information about ownership to the government.

6 products covered by your FSA or HSA Your health savings account might go further than you think. Here are great products for men to save on health purchases.

Save On Taxes: Know Your Cost Basis What is your cost basis? Whether you're a newbie or seasoned investor, determining your tax cost basis can help you save on taxes. Here's how.