mkocpa.com RSS Feed https://mkocpa.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Mar 2021 09:00:00 -0600 Mon, 01 Mar 2021 09:00:00 -0600 Tax Breaks for Families With Children https://www.mkocpa.com/newsletter.php#3 If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Mon, 01 Mar 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#3 Small Business Tax Roundup https://www.mkocpa.com/newsletter.php#4 In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax provisions affecting businesses. Mon, 01 Mar 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#4 Renting Out a Second Home https://www.mkocpa.com/newsletter.php#2 Tax rules on rental income from second homes can be confusing, especially if you rent the home out for several months of the year and also use the home yourself. Mon, 01 Mar 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#2 Capital Gains Tax on Sale of Stocks https://www.mkocpa.com/newsletter.php#5 If you made money last year buying and selling stocks, you may owe capital gains tax. Mon, 01 Mar 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#5 Avoiding an IRS Tax Audit https://www.mkocpa.com/newsletter.php#1 With taxes becoming more complicated every year, there is an even greater possibility of tax confusion turning into a tax mistake and an IRS audit. Avoiding "red flags" like these could help. Mon, 01 Mar 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#1 What's New for 2020 Tax Returns https://www.mkocpa.com/newsletter.php#2 Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#2 Taxable vs. Nontaxable Income https://www.mkocpa.com/newsletter.php#5 Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#5 Tax Filing Season Starts February 12 https://www.mkocpa.com/newsletter.php#1 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#1 Social Security Benefits and Taxes: The Facts https://www.mkocpa.com/newsletter.php#4 Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#4 Employer Tax Credit Extended for Payroll Workers https://www.mkocpa.com/newsletter.php#3 Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 https://www.mkocpa.com/newsletter.php#3 New IRS 2017 Pension Plan Limitations https://www.mkocpa.com/blog.php?id=63 New IRS 2017 Pension Plan Limitations Fri, 28 Oct 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=63 Social Security Announces Benefit Increase for 2017 https://www.mkocpa.com/blog.php?id=62 Social Security Announces 0.30 Percent Benefit Increase for 2017 Wed, 19 Oct 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=62 New IRS Per Diem Rates announced https://www.mkocpa.com/blog.php?id=61 New IRS Per Diem Rates announced Wed, 28 Sep 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=61 Fake Tax Bill Emails https://www.mkocpa.com/blog.php?id=60 IRS Warns of Fake Tax Bill Emails Fri, 23 Sep 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=60 Memorial Day FTD Penalty Error https://www.mkocpa.com/blog.php?id=59 Mon, 08 Aug 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=59 Recent SC Department of Revenue Withholding change https://www.mkocpa.com/blog.php?id=58 Upcoming SC withholding changes Fri, 24 Jun 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=58 IRS processing problems https://www.mkocpa.com/blog.php?id=57 IRS reports of computer hardware failures leading to shut down of tax processing systems. Thu, 04 Feb 2016 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=57 IRS begins accepting business tax returns on Jan 13, 2014 https://www.mkocpa.com/blog.php?id=55 IRS begins accepting business tax returns on Jan 13, 2014 Fri, 27 Dec 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=55 2014 Tax Season opens on Jan 31, 2014 https://www.mkocpa.com/blog.php?id=56 2014 Tax Season opens on Jan 31, 2014 Fri, 27 Dec 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=56 IRS Releases the 2014 Standard Mileage Rates https://www.mkocpa.com/blog.php?id=54 IRS Releases the 2014 Standard Mileage Rates Mon, 09 Dec 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=54 IRS Updated \"Where\'s My Refund?\" Tool https://www.mkocpa.com/blog.php?id=53 For the first time this tax season, the "Where's My Refund?" tool will provide personalized refund timelines for taxpayers. Thu, 24 Jan 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=53 IRS Delays Tax Season until End of January https://www.mkocpa.com/blog.php?id=52 IRS Delays Tax Season until End of January Wed, 09 Jan 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=52 Congress Passes Fiscal Cliff Act https://www.mkocpa.com/blog.php?id=51 Congress Passes Fiscal Cliff Act Wed, 02 Jan 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=51 IRS publishes guidance on Net Investment Income Tax https://www.mkocpa.com/blog.php?id=50 Net Investment Income Tax FAQs Mon, 17 Dec 2012 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=50 Clean-up and Give! https://www.mkocpa.com/blog.php?id=49 Get rid of that clutter and help others in the process. Thu, 06 Dec 2012 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=49 IRS announces 2013 standard mileage rates https://www.mkocpa.com/blog.php?id=48 Mon, 26 Nov 2012 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=48 Cyber Attack at SC Department of Revenue https://www.mkocpa.com/blog.php?id=47 Tue, 30 Oct 2012 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=47 IRS Announces 2012 Tax Filing Deadline Extended to April 17th https://www.mkocpa.com/blog.php?id=46 IRS Announces 2012 Tax Filing deadline and E-File acceptance dates Thu, 05 Jan 2012 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=46 Temporary Payroll Tax Cut Extension https://www.mkocpa.com/blog.php?id=45 Temporary Payroll Tax Cut Continuation Act of 2011 Tue, 27 Dec 2011 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=45 Standard Mileage Rates for 2012 Released https://www.mkocpa.com/blog.php?id=44 The IRS on Friday released standard mileage rates for use in 2012 (Notice 2012-1). Mon, 12 Dec 2011 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=44 Inflation Adjustments Made to Many Tax Items for 2012 https://www.mkocpa.com/blog.php?id=43 Tue, 25 Oct 2011 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=43 IRS announces Standard Mileage Rate Increase https://www.mkocpa.com/blog.php?id=42 Thu, 23 Jun 2011 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=42 New Payroll Change beginning in 2011 https://www.mkocpa.com/blog.php?id=41 The Internal Revenue Service has released a notice concerning the newly enacted 2011 withholding tables and rate changes. Tue, 28 Dec 2010 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=41 IRS Announces 2011 Standard mileage rates https://www.mkocpa.com/blog.php?id=40 Mon, 06 Dec 2010 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=40 Federal Payroll Tax Deposit Reminder https://www.mkocpa.com/blog.php?id=39 Thu, 23 Sep 2010 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=39 Two New Tax Benefits Aid Employers Who Hire and Retain Unemployed Workers https://www.mkocpa.com/blog.php?id=37 Mon, 17 May 2010 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=37 Quickbooks payroll support of new HIRE Act https://www.mkocpa.com/blog.php?id=38 Mon, 17 May 2010 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=38