Tax Blog

Tips to help you prepare for tax season

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The latest tax tips and news from WORSHAM TAX SERVICES

Taxpayers Get More Time to Qualify for Rehabilitation Tax Credit

Taxpayers Get More Time to Qualify for Rehabilitation Tax Credit

The Internal Revenue Service has good news for taxpayers restoring historic buildings. Last week, the agency announced that they have granted additional time to qualify for the Rehabilitation Tax Credit to mitigate logistical issues arising from the coronavirus pandemic.… Read more about Taxpayers Get More Time to Qualify for Rehabilitation Tax Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans

CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans

Taxpayers can dip into Coronavirus Aid, Relief, and Economic Security Act-specified retirement accounts without suffering a penalty, according to an Internal Revenue Service press release published yesterday. This reminder comes just days after the $600 unemployment benefits included in that legislation expired.… Read more about CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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Businesses Get Final Regulations, Additional Guidance for Deducting Interest on Expenses

Businesses Get Final Regulations, Additional Guidance for Deducting Interest on Expenses

The Tax Cuts and Jobs Act (TCJA) of 2017 famously adjusted the income tax brackets and lowered the corporate tax rate to 21 percent, but the sweeping legislation contained a host of tax-related changes.… Read more about Businesses Get Final Regulations, Additional Guidance for Deducting Interest on Expenses (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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Security Summit Recommends Multi-Factor Authentication

Security Summit Recommends Multi-Factor Authentication

The second week of “Working Virtually” focuses on multi-factor authentication (MFA). While included in the “Security Six” protections highlighted last week, the Summit is specifically namechecking MFA for one simple reason: It works.… Read more about Security Summit Recommends Multi-Factor Authentication (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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IRS Issues Guidance on Recapturing Excess Employment Tax Credits

IRS Issues Guidance on Recapturing Excess Employment Tax Credits

The Internal Revenue Service has issued new guidance to reconcile advance payments of refundable employment tax credits and recapture the benefit of those credits when needed.… Read more about IRS Issues Guidance on Recapturing Excess Employment Tax Credits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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WORSHAM TAX SERVICES


PH: 828-693-4232

730 Spartanburg Hwy
Hendersonville NC, 28792

WORSHAM TAX SERVICES

730 SPARTANBURG HWY

HENDERSONVILLE, NC 28792

Phone: 828 693 4232
Fax: 828 697 7829