Learn about taxes from your friends at Vancouver based Olaru's Premier Tax Services Inc..
The federal credit for the purchase and installation costs of a residential solar-power system is fading away and will no longer be available after 2021; plus, the credit itself is being reduced.
OLARUSTAXACCOUNTING.COM
Solar Tax Credit is Sunsetting Soon
Some Wednesday Wisdom from your friends at Vancouver based Olaru's Premier Tax Services Inc.
The decision concerning whom you designate as the beneficiary of your traditional IRA is critically important and affects the minimum amounts you must withdraw from the IRA when you reach age 72, who will get what remains in the account after your death, and how that IRA balance can be paid out to beneficiaries.
OLARUSTAXACCOUNTING.COM
Keeping Your Designated IRA Beneficiary Current is Important
The tax filing extension deadline, October 15th, is just around the corner. Here is a quick reminder of what you need to know.
Olaru's Premier Tax Services Inc. - Some Monday Motivation for our friends and colleagues.
To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, 2020 has given rise to more than the usual tax-planning opportunities. Thus, you may find it appropriate to schedule a tax-planning appointment well before the close of the year to take advantage of the tax benefits and strategies available for 2020.
OLARUSTAXACCOUNTING.COM
Don't Miss Out on Year-End Tax-Planning Opportunities
It matters how you get there. Wednesday Wisdom from Olaru's Premier Tax Services Inc.
Are you an investor in stocks, bonds, mutual funds, etc.? If so, when you sell those securities, you will undoubtedly want to minimize your gains or maximize your losses for tax purposes. To do that, you'll need to know your tax basis in the investment (asset), which makes it important to keep track of the basis in all your investments.
OLARUSTAXACCOUNTING.COM
Are You Keeping Track of Your Investment Basis?
Olaru's Premier Tax Services Inc. - Some Monday Motivation for our friends and colleagues.
Learn about taxes from your friends at Vancouver based Olaru's Premier Tax Services Inc..
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.
OLARUSTAXACCOUNTING.COM
There is More to Deducting Health Insurance than Meets the Eye
Here's your tax fact of the week from your friends at Olaru's Premier Tax Services Inc..
To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, 2020 gives rise to more than the usual tax planning opportunities. Watch this video to learn about these possibilities.
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.
OLARUSTAXACCOUNTING.COM
Renting Your Home or Vacation Home for Short Periods
A little inspiration from Olaru's Premier Tax Services Inc.. Wednesday Wisdom
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.
OLARUSTAXACCOUNTING.COM
IRS Releases Inflation Adjustments for 2021
Set yourself up for success with Monday Motivation from Olaru's Premier Tax Services Inc.
Hey! Are you our current client yet? If not, we have a deal for you.
Go ahead and schedule your appointment using this link: https://olaru.as.me/virtualnew1040 Please know you will be required to fill out the following organizer https://www.cognitoforms.com/OlarusPremierTaxServicesInc/TaxOrganizer. If you have any questions please email help@olarustaxaccounting.com. Check it out below!
YOU WILL NEED TO MENTION THIS PROMOTION TO GET THIS DEAL!!
Hey! Are you our current client yet? If not, we have a deal for you.
Go ahead and schedule your appointment using this link: https://olaru.as.me/virtualnew1040 Please know you will be required to fill out the following organizer https://www.cognitoforms.com/OlarusPremierTaxServicesInc/TaxOrganizer. If you have any questions please email help@olarustaxaccounting.com. Check it out below!
YOU WILL NEED TO MENTION THIS PROMOTION TO GET THIS DEAL!!
Olaru's Premier Tax Services Inc. - Some Friday tax knowledge for our friends and colleagues.
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.
OLARUSTAXACCOUNTING.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.
A little inspiration from Olaru's Premier Tax Services Inc.. Wednesday Wisdom
