The tax filing extension deadline, October 15th, is just around the corner. Here is a quick reminder of what you need to know.
A little inspiration from Mirm Advisors LLC to start your week.
Some insider tax knowledge from Mirm Advisors LLC.
No matter what the reason for your move may be, it's important to be aware of the implications for your taxes when you relocate to a new state. In this article, learn more about establishing residency, part-year tax returns, and more.
MIRMADVISORS.COM
How to File Taxes After Moving to a New State
If you have lost your job, there are a number of tax issues that you may encounter. They include severance pay, unemployment compensation, health insurance, pension plans and possibly a home sale. How you deal with these issues can profoundly impact your taxes and finances.
MIRMADVISORS.COM
Tax Consequences of Losing Your Job
Wednesday Wisdom and Mirm Advisors LLC = Success
Health insurance premiums, including Medicare parts B, C, and D; hospitalization; long-term care; and dental costs are all tax deductible, and are subject to AGI limitations if you itemize your deductions. If you are self-employed, including some partners, or a more-than-2% S corporation shareholder, you may be able to deduct the premiums without itemizing and without AGI limitations.
MIRMADVISORS.COM
There is More to Deducting Health Insurance than Meets the Eye
Some Wednesday Wisdom from your friends at Aventura based Mirm Advisors LLC
The SBA has released yet another simplified application for PPP loan forgiveness: SBA Form 3508S. This form can only be used if the total PPP loan amount received by the borrower from their lender was $50,000 or less.
MIRMADVISORS.COM
The SBA Issues a Simplified PPP Loan-Forgiveness Application
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances. Watch this video to learn more about some typical issues.
Set yourself up for success with Monday Motivation from Mirm Advisors LLC
Here is a fun fact for your Friday from Mirm Advisors LLC.
Many people are renting out their homes or vacation homes and are not aware of some special rules that apply to short-term rentals. Some of these rules can be beneficial, while others can be very detrimental.
MIRMADVISORS.COM
Renting Your Home or Vacation Home for Short Periods
Some Wednesday Wisdom from your friends at Aventura based Mirm Advisors LLC
To cope with inflation, the tax code requires the IRS to adjust the tax rates, standard deductions, and a variety of other tax related numbers each year, which they recently released for 2021.
MIRMADVISORS.COM
IRS Releases Inflation Adjustments for 2021
Mirm Advisors LLC has the motivation you need to get going this Monday.
Let's get the weekend started. Friday from Mirm Advisors LLC
A frequent question is whether inherited assets are taxable. Generally, they are not until they are sold, and then only to the extent that the sales price exceeds the fair market value of the asset at the time of the decedent's death. There are exceptions to this rule, such as traditional IRAs and other deferred untaxed income of the decedent.
MIRMADVISORS.COM
Is That Inheritance Taxable?
Here's your tax fact of the week from your friends at Mirm Advisors LLC.
Great news for 2021 and 2022 only. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 allows businesses to deduct 100%, instead of just 50%, of business meal expenses meeting certain requirements.
MIRMADVISORS.COM
Increased Business Meal Deductions for 2021 and 2022
Are you planning to buy your first home, upgrade from your existing one, or refinance your mortgage? Let's take a look at some tax advantages and drawbacks of homeownership.
Some Wednesday Wisdom from your friends at Aventura based Mirm Advisors LLC
The Internal Revenue Service recently issued the 2021 optional standard cents-per-mile rates for business, medical and moving purposes. However, you may find it in your best interest to keep track of actual expenses for 2021.
MIRMADVISORS.COM
2021 Standard Mileage Rates Announced
Get ready for the week: Mirm Advisors LLC has motivation for your Monday.
The Employee Retention Credit has been extended through June 30, 2021, and significantly liberalized.
MIRMADVISORS.COM
Employee Retention Credit Extended
A little inspiration from Mirm Advisors LLC. Wednesday Wisdom
The Consolidated Appropriations Act, 2021, which was passed late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit.
MIRMADVISORS.COM
Interaction between PPP Loans and the Employee Retention Credit
A little inspiration from Mirm Advisors LLC to start your week.
The Internal Revenue Service recently issued the 2021 optional standard cents-per-mile rates for business, medical and moving purposes. Watch this short video to see if the new rates will affect your business.
Your Friday tax fact from Aventura based Mirm Advisors LLC.