epsteincpa.com RSS Feed https://epsteincpa.com/ Take a look at our recent blog posts and client newsletter articles. en-us Thu, 01 Jul 2021 09:00:00 -0500 Thu, 01 Jul 2021 09:00:00 -0500 What Is the Net Investment Income Tax? https://www.epsteincpa.com/newsletter.php#5 The Net Investment Income Tax tends to affect wealthier individuals, but in certain circumstances, it can affect moderate-income taxpayers too. Thu, 01 Jul 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#5 Small Business: Understanding Payroll Expenses https://www.epsteincpa.com/newsletter.php#2 Whether you're a small business owner who is just starting or one who has been in business for a while - ready to hire an employee or two - here is what you should know about withholding, reporting, and paying employment taxes. Thu, 01 Jul 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#2 Settling Tax Debt With an IRS Offer in Compromise https://www.epsteincpa.com/newsletter.php#4 If you owe money to the IRS, an offer in compromise could be the answer. Thu, 01 Jul 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#4 Employee Relocation: What Happens to Your Home? https://www.epsteincpa.com/newsletter.php#3 Employees and small business owners often have questions about what to do with an employee's home - and what the tax consequences might be - when they move to a new job location. Here are some answers. Thu, 01 Jul 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#3 Advance Child Tax Credit Payments Start This Month https://www.epsteincpa.com/newsletter.php#1 More than 36 million American families may be eligible to receive monthly Child Tax Credit payments starting July 15, 2021. Here's what families need to know. Thu, 01 Jul 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#1 What are Estimated Tax Payments? https://www.epsteincpa.com/newsletter.php#5 Estimated tax is the tax paid on income not subject to withholding, such as income from self-employment, interest and dividends, rent, prizes and awards, and gains from the sale of assets. Tue, 01 Jun 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#5 Tips to Help You Figure Out if Your Gift is Taxable https://www.epsteincpa.com/newsletter.php#3 If you've given money or property to someone as a gift, you may owe federal gift tax. There are, however, exceptions. Tue, 01 Jun 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#3 Tax Considerations When Selling Your Small Business https://www.epsteincpa.com/newsletter.php#1 If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is that without a tax planning strategy in place, you could be liable for capital gains and other taxes - leaving you with far less cash than you anticipated. Tue, 01 Jun 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#1 Expat Compliance With US Tax Filing Obligations https://www.epsteincpa.com/newsletter.php#4 If you're an expat who has relinquished - or intends to relinquish - your US citizenship but still has US tax filing obligations (including owing back taxes), you'll be relieved to know there are IRS procedures in place that allow you to come into compliance and receive relief for any back taxes owed. Tue, 01 Jun 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#4 Changing Jobs? Don't Forget About Your 401(k) https://www.epsteincpa.com/newsletter.php#2 One of the most important questions you face when changing jobs is what to do with the money in your 401(k) account. Making the wrong move could cost you thousands of dollars or more in taxes and lower returns. Tue, 01 Jun 2021 09:00:00 -0500 https://www.epsteincpa.com/newsletter.php#2 2010 Tax Relief Act https://www.epsteincpa.com/blog.php?id=42 On December 17, 2010, the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 was signed into law. One of the main provisions of this Law was the extension of the Bush-era tax cuts. Fri, 07 Jan 2011 09:00:00 -0600 https://www.epsteincpa.com/blog.php?id=42 A SIMPLE Retirement Plan for the Self-Employed https://www.epsteincpa.com/blog.php?id=41 Of all the retirement plans available to small business owners, the SIMPLE IRA plan is the easiest to set up and the least expensive to manage. The SIMPLE IRA may be a good fit for your small business to help reduce taxes and save for your retirement. Wed, 17 Nov 2010 09:00:00 -0600 https://www.epsteincpa.com/blog.php?id=41 2011 Tax Changes https://www.epsteincpa.com/blog.php?id=40 Back in 2001, Congress enacted the 2001 Tax Reconciliation Act with many of the provisions expiring in 2010. Unless Congress acts quickly, these provisions will expire on December 31, 2010. Tue, 26 Oct 2010 09:00:00 -0500 https://www.epsteincpa.com/blog.php?id=40 Is My Hobby Tax Deductible? https://www.epsteincpa.com/blog.php?id=39 I often get asked if hobby losses are tax deductible. Well, the answer is "it depends." According the Internal Revenue Code, hobby losses are not tax deductible but it is important to determine if the activity is truly a hobby or possibly a business. Wed, 13 Oct 2010 09:00:00 -0500 https://www.epsteincpa.com/blog.php?id=39 Future of Our Housing Market https://www.epsteincpa.com/blog.php?id=38 Over the past few years, Congress has enacted several pieces of legislation to try to jump start our housing market. Was this in everybody's best interest? Sat, 14 Aug 2010 09:00:00 -0500 https://www.epsteincpa.com/blog.php?id=38 Our National Debt https://www.epsteincpa.com/blog.php?id=37 We desperately need to get a handle on our national debt. Recently, our national debt topped $12 TRILLION and is it continues to grow at an unprecedented rate. Sat, 21 Nov 2009 09:00:00 -0600 https://www.epsteincpa.com/blog.php?id=37