IRS Issues New Warnings About Phone & Social Media Tax Scams
The IRS recently updated its list of the 12 worst tax-related scams in America, known as the Dirty Dozen. Several current Dirty Dozen cases involve social media phishing, where scammers use social platforms to impersonate …
Tax Tip: 100% Business Deduction for Restaurant Food & Beverage in 2021
A special tax rule enables many businesses, including sole proprietors and independent contractors, to take larger meal expense deductions in 2021 than the IRS usually allows. Ordinarily, deductions for food and beverage costs cannot exceed …
Upcoming Tax Deadlines
Certain Small Employers – Deposit any undeposited tax if your tax liability is $2,500 or more for 2021 but less than $2,500 for the second quarter.
Employers – Deposit the tax owed through June if more …