FAQ
2021 Updates
1040
- Alternative Minimum Tax
- Audits
- Cancellation of Debt – Insolvency
- Capital Gains and Losses
- Charitable Contributions Guide
- Charitable Contributions Noncash FMV Guide
- Charitable Contributions Recordkeeping Requirements
- Clergy – Religious Workers
- Consumer Credit
- Crowdfunding
- Dependent Support Worksheet
- Divorce and Taxes
- Education Tax Benefits
- Estimated Taxes
- Extending Your Individual Income Tax Return
- Families With Children
- Filing Status
- Foreign Bank and Financial Accounts
- Health Care Reform – Health Insurance Marketplace
- Health Savings Accounts (HSAs)
- High-Income Taxpayers
- Hobby vs. Business
- Household Employees
- Identity Theft and Your Taxes
- Itemized Deductions – Casualty and Theft Losses
- Itemized Deductions – Homeowners
- Itemized Deductions – Interest Paid
- Itemized Deductions -Medical Expenses
- Itemized Deductions – Taxes Paid
- Kiddie Tax
- Moving Expenses
- Multi-State Taxation
- Pandemic Relief
- Sale of a Principal Residence
- Standard vs. Itemized Deduction
- Stock Options – Same Day Sales
- Tax Facts and Figures
- Tax Scams – Protect Yourself
- Taxable Social Security Benefits
- Taxpayers Who Receive an IRS Notice
- Tipped Employees
- Virtual Currency (Cryptocurrency)
- What Should You Do if You Can’t Pay Your Taxes?
- Withholding – Filling Out Form W-4
Business
- Business Entity Comparison Chart
- Business Entity Pros and Cons
- Business Expenses Worksheet
- Business Financing – Don’t Intermingle Funds
- Business Management Tips
- Business Owners – Taking Money Out of a Business
- Business Use of Home
- Buy-Sell Agreements
- Corporation Meeting Requirements
- Daycare Providers Income and Expenses
- Employee or Independent Contractor
- Excess Business Loss and Net Operation Loss
- Expense Reimbursements for Employees
- Farm Inventory and Accounting Methods
- Farm Vehicles and Fuels
- Form 1099-MISC and Form 1099-NEC
- Fringe Benefits
- Health Care Reform – Employer Insurance Requirement
- Inventory Cost of Goods Sold
- Limited Liability Companies (LLCs)
- Marketing Your Business
- Mileage and Expense Log
- On-Demand Drivers
- Partnerships
- Qualified Business Income Deduction
- Real Estate Professionals
- Recordkeeping for Tax Purposes
- Rental Income and Expense Worksheet
- Rental Income and Expenses
- Rental Real Estate QBI Safe Harbor
- Repairs vs. Improvements
- S Corporations
- Self-Employment Tax
- Short-Term Rentals
- Small Business Health Care Tax Credit
- Starting a Business
- Vehicles – Business Use
Retirement
- Individual Retirement Accounts – Backdoor Roth IRA
- Individual Retirement Accounts – Beneficiaries of IRAs and Qualified Plans
- Individual Retirement Accounts – Kinds of IRAs and Prohibited Transactions
- Individual Retirement Accounts – Qualified Charitable Distributions
- Individual Retirement Accounts – Required Minimum Distributions
- Individual Retirement Accounts – Roth IRAs
- Individual Retirement Accounts – Traditional IRAs
- Retirement Income
- Reverse Mortgages
- Saving for Retirement
- Social Security and Medicare
Planning
Estate & Trust
“Dow Tax & Accounting has handled taxes for my small business for several years now. Every year has been a great experience (and that says a lot given, well, this is taxes!). Eric Dow is kind, professional, and adept with offering pointers. The staff also excels at efficient communications, prompt answers to questions, and general friendly helpfulness. The online portal makes quick work of uploadings, sharing, and signing documents (and saves me from in-person meetings). Highest recommendation!“
—Susanna Kirby