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Dwight Dettloff
Feb 3, 20242 min read
Roth IRAs Are Powerful Moneymakers for Kids
Children contributing to their IRA can booster family tax savings.
Dwight Dettloff
Jan 9, 20241 min read
Tax-Free Rental Income with the Augusta Rule
The Augusta rule gets its name from the Masters Golf Tournament, where some members and others who live in the area receive tax-free rent...
Dwight Dettloff
Jan 2, 20243 min read
The Unpardonable Sin in an IRS Audit
Mileage logs are a helpful and necessary tool in keeping proper records in the case of an IRS audit.
Dwight Dettloff
Jan 1, 20244 min read
FinCEN How To: Part 2 (Filing a Beneficial Ownership (BOI) Report )
To file the BOI report, head over to the BOI e-filing system and use these instructions as a guide to filing.
Dwight Dettloff
Jan 1, 20243 min read
11 Answers on the New 2024 CTA Required BOI Reporting to FinCEN
New federal filing requires for most corporations and LLCs begin January 1, 2024.
Dwight Dettloff
Jan 1, 20243 min read
FinCEN How To: Part 1 (FinCEN ID Application for Individuals)
A FinCEN ID is a unique identifying number issued to an individual to help simplify the BOI reporting process.
Dwight Dettloff
Aug 18, 20224 min read
Inflation Reduction Act: What You Should Know
The climate and healthcare bill will make the most significant changes to Medicare since the Medicare Modernization Act of 2003.
Dwight Dettloff
Jan 24, 20223 min read
IRS Opens for 2021 Returns - Expect Challenges
The IRS officially opens for business today, January 24th, to begin accepting individual income tax returns. Expect Challenges & Delays...
Dwight Dettloff
Feb 13, 20215 min read
Let 2020 Filing Season Begin!
As many of us hunker down for the ensuing arctic freeze, let’s talk taxes. Last year brought plenty of legislative changes. Let's touch on a
Dwight Dettloff
Dec 21, 20203 min read
Congress Passes the Consolidated Appropriations Act, 2021
Congress just passed the latest COVID relief bill including PPP deductibility, simplified forgiveness, and PPP 2.0.
Dwight Dettloff
Nov 24, 20203 min read
Year End Tax Planning Ideas - 2020 Edition
As December looms nigh, it's time to sharpen the pencils and wrap up year-end tax planning. While we believe that tax planning is a...
Dwight Dettloff
Oct 19, 20203 min read
Paycheck Protection Program - October 2020 Update
We continue to receive guidance from the SBA and Treasury but questions remain.
Dwight Dettloff
Oct 19, 20202 min read
Cryptocurrency Will Be Front and Center for Tax Year 2020
Virtual currency continues to be a priority for the IRS. Scrutiny is expected to intensify in the upcoming year.
Dwight Dettloff
Sep 22, 20202 min read
Working from Everywhere? You may owe tax in multiple states.
Technology allows many of us to work from almost anywhere. However, living that #vanlife and working remotely can land you with surprising t
Dwight Dettloff
Sep 3, 20202 min read
Social Security Tax Deferral(?)
On August 8, President Trump issued an executive order calling for a payroll tax deferral from September 1 through December 31, 2020. ...
Dwight Dettloff
Aug 3, 20206 min read
Should I Elect S Corp Status?
According the IRS, almost three quarters of corporations were S corporation flow-through entities. Given their popularity, it begs the quest
Dwight Dettloff
Jun 5, 20204 min read
Paycheck Protection Flexibility Act Passes - Some Answers, Some Questions
The forgiveness qualifications have been relaxed and the terms of the loan for those that don't have forgiveness have been extended. If you
Dwight Dettloff
May 15, 20204 min read
Paycheck Protection Program - May 15 Update
Talk about a political football. The Paycheck Protection Program (PPP) has been a blessing and a curse for many businesses. To make...
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