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Tax News

Tax News

Stay informed with the latest in tax news! From regulatory updates to fiscal policy changes, our services deliver concise and relevant insights into the dynamic world of taxation. Explore the impact on businesses and individuals, ensuring you stay ahead in this ever-evolving financial landscape. Knowledge is power – navigate tax complexities with confidence!

Watch Out for Tax Penalties

Article Highlights: Underpayment of Estimated Tax and Withholding Penalty Required Minimum Distribution Penalty Late-Filing Penalty Late-Payment Penalty Negligence Penalty Fraud...

The IRS May be Getting a Massive Budget Increase. Will It Impact the Audit Rate? – C&A Financial Services

In September of 2021, the Congressional Budget Office announced a proposal to increase funding for the Internal Revenue Service by...

Tax Return as Married Filing Joint vs Separately. IMPORTANT!!! – C&A Financial Services

Married taxpayers have two options when filing their 1040 or 1040-SR tax returns. The first and most frequently used filing...

Tax Breaks for Primary Caregivers of Grandchildren

Article Highlights: Head of household filing status Earned income tax credit Child tax credit Child care credit for certain working...

Tax Benefits for Disabled Taxpayers and Dependents

Disabled individuals, as well as parents of disabled children, may qualify for a number of tax credits and other tax...

New Cryptocurrency Tax Requirements – C&A Financial Services, CPA Offices

Article Highlights: IRS Compliance Campaign New Reporting Requirement for Crypto Exchanges Form W-9 Form 1099-B Cryptocurrency as Property Digital Assets...

Local News Featuring C&A Financial Services, CPA offices

"Excerpt from news article WDVM at:  https://www.localdvm.com/news/maryland/its-time-to-file-taxes-but-officials-want-people-to-be-prepared-before-they-start-filing/ "Tax officials said people should not wait to file their taxes because it...

January 2022 Personal Tax Related Due Dates – C&A Financial Services

January 3 - Time to Call For Your Tax Appointment - January is the beginning of tax season. If you...

January 2022 Business Tax Related Due Dates – C&A Financial Services

January 3 - Payment of Employer Share of Social Security Tax from 2020 - If you are an employer that...