Written by Eamonn McElroy, CPA, Atlanta Originally published November 29, 2021; Last updated May 18, 2022 Background The CARES Act of 2020 contains a provision that allowed many individuals with self-employment income during the 2020 tax year to elect to defer part of that self-employment tax over two years. The first half of the deferral […]
Written by Eamonn McElroy, CPA, Atlanta Originally published September 25, 2021; Last updated May 18, 2022 Background Many individual taxpayers are required to make quarterly estimates of their tax liability to avoid underpayment penalties. Traditionally, these payments are made by mailing a check or money order with a voucher. However, for those taxpayers who don’t
How To Guides: Pay Your 1040 Quarterly Estimate online using IRS Direct Pay Read More »
Written by Eamonn McElroy, CPA, Atlanta Published June 20, 2021 Background Unfortunately, data leaks and theft of sensitive consumer information have become all too common. Hackers and thieves often target companies that have this information with the goal of selling the information on the dark web, fraudulently applying for and obtaining credit cards, and filing
IP PINs: A “cheap” preventative measure and why you need one. Read More »
