CO SALT Parity Act
New in 2022: S-corporations/Partnerships/LLCs can pay CO state income taxes for their shareholders/partners/members - What’s the benefit?...
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- Sep 15, 2021
- 1 min
The Social Security wage base is expected to be $146,700 for 2022
This wage base is up $3,900 from the 2021 cap. This is $1,200 higher than the president’s budget forecast, released earlier this year....
- Sep 15, 2021
- 1 min
How to repay deferred taxes for self-employeds and employers
The CARES Act enacted last year allowed employers to defer payment of their 6.2% share of Social Security tax, otherwise required to be...
- Sep 15, 2021
- 1 min
Three important rules if contemplating an IRA rollover
A rollover allows you to use the funds in your IRA for a very limited period of time without paying income tax on the distribution. ...
- Sep 15, 2021
- 1 min
Inherited IRA - when are distributions required?
The beneficiary of an inherited IRA has 10 years from the date of death of the account owner to completely disburse the funds in the...
- Sep 15, 2021
- 1 min
Advance child tax credit payments have begun
From July 15 through December 2021, Treasury and the IRS will advance one half of the estimated 2021 child tax credit in monthly payments...
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