Ulbricht Public Accounting LLC

01/23/2024

IR-2024-06, Jan. 9, 2024 — With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent contractors with the government.

12/28/2023

IR-2023-244, Dec. 19, 2023 — In a major step to help people who owe back taxes, the Internal Revenue Service today announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pan...

07/20/2023

Own a vacation home? If you rent it out, you must divide your expenses between rental use and personal use.

Visit https://ow.ly/s6tN50P1Jmz for more tax tips on rental income and recordkeeping.

01/19/2023

This is a great tool.

Find tax withholding information for employees, employers and foreign persons. The withholding calculator can help you figure the right amount of withholdings.

01/11/2023

Tax Tip 2023-04, January 11, 2023 — Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes. Anyone who paid too little tax in 2022 needs to make a fourth quarter payment on or before January 17 to avoid an unexpected potential tax bill or penalty when t...

01/03/2023

https://www.irs.gov/payments/pay-as-you-go-so-you-wont-owe-a-guide-to-withholding-estimated-taxes-and-ways-to-avoid-the-estimated-tax-penalty

Having enough tax withheld or making quarterly estimated tax payments during the year can help you avoid problems at tax time.

10/20/2022

Whether you’re 21 or 101, a proper will can be one of the best gifts you give your loved ones.

National Estate Planning Awareness Week is Oct. 16 – 21. Take advantage of this week to create or update your will.

Estate planning and creating a will doesn’t have to be costly or difficult. Our free Estate Planning Guide will walk you easily through each step of the planning process, ask you the important questions and give you information to make key decisions.

Protect assets and avoid distress with a well-planned estate.

10/11/2022

Tax Tip 2022-155, October 11, 2022 — October is Cybersecurity Awareness Month. The IRS and the Security Summit partners warn everyone to be on the lookout for scams and schemes that could put sensitive tax data at risk, especially IRS-themed texting scams aimed at stealing personal and financial i...

06/30/2022

A safe and easy way to view information about your federal tax account is to have an IRS online account. It's secure and free. To access your information online, you will need to register through ID.me which is a trusted technology provider, to provide identity verification and sign-in services that...

06/01/2022

https://www.hhcpa.com/blogs/income-tax-accountants-cpa/tax-matters-when-selling-a-home/?utm_medium=email&_hsmi=215093719&_hsenc=p2ANqtz--C_ItLbCdQ7IWKYMjmruHqpAt5WQO0wO7l_ABu1-Ga1BpyB58tEeF_ZcHKRVdPYtDDnZr_84oG6eSLnFEG0abcUo8hTA&utm_content=215093719&utm_source=hs_email

With the real estate market still so hot, you might be tempted to cash in. If you do, consider the following tax matters when selling a home. Don't miss: Arizona’s alternative tax Principal residence exclusion You may qualify to exclude from income all or part of any gain from the sale of your hom...

03/31/2022

https://www.irs.gov/newsroom/filing-season-security-tip-know-the-facts-about-how-the-irs-contacts-taxpayers

Tax Tip 2022-50, March 31, 2022 — It’s important for everyone should know how the IRS contacts taxpayers. This will help people avoid becoming a victim of scammers who pretend to be from the IRS with a goal of money or stealing personal information.

01/24/2022

https://www.irs.gov/newsroom/an-overview-of-the-credit-for-other-dependents

Tax Tip 2022-12, January 24, 2022 — Taxpayers with dependents who don't qualify for the child tax credit may be able to claim the credit for other dependents.