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    The Center for Financial, Legal & Tax Planning, Inc.

    4501 West DeYoung Street | Suite 200 | Marion, IL 62959

    Phone: 618-997-3436| Fax: 618-997-8370

    info@taxplanning.com

    © 2016 by The Center for Financial, Legal & Tax Planning, Inc.  at www.taxplanning.com

    Tax Blog

    Tax Blog

    Conversion from s-corporation to c-corporation mid-year.

    Conversion from s-corporation to c-corporation mid-year.

    When it comes to taxation purposes, all corporations are taxed as an s-corporation or c-corporation. S-corporations are corporations that...
    Extension of Tax Cuts and Jobs Act (TCJA) Could Cut Taxes by $1.1 Trillion According to New Study by

    Extension of Tax Cuts and Jobs Act (TCJA) Could Cut Taxes by $1.1 Trillion According to New Study by

    The Trump campaign has yet to release any new indication of whether a new tax code will be passed if President Trump is re-elected. A new...
    2021 and 2020 Inflation-Adjusted Tax Rates and Income Brackets

    2021 and 2020 Inflation-Adjusted Tax Rates and Income Brackets

    Due to some coronavirus and economic relief funding, we saw a few changes to the United States tax code. However, one of the virtually un...
    2021 Social Security Updates from the Social Security Administration

    2021 Social Security Updates from the Social Security Administration

    Social Security recipients should take note to recent updates from the Social Security Administration. Today, the agency announced that b...
    What To Do If You Receive IRS Notice 1444-A from the IRS.

    What To Do If You Receive IRS Notice 1444-A from the IRS.

    First off, you should be excited because the government is trying to send you money in the form of an Economic Impact Payment. If you rec...
    If Proceeds from the Sale of My Home Are Used to Pay Off My Mortgage, Are They Taxable?

    If Proceeds from the Sale of My Home Are Used to Pay Off My Mortgage, Are They Taxable?

    According to the IRS, the answer is maybe. The amount of the proceeds from the sale of your home that you use to pay off the mortgage is ...
    Extraordinary Events Mean New Filing Deadlines

    Extraordinary Events Mean New Filing Deadlines

    2020 can largely be described with two words: dumpster fire. The term has almost become a phrase that we use in our everyday lives due to...
    My Nanny Is Great With My Kids, But Do I Really Have to Pay Her Taxes?

    My Nanny Is Great With My Kids, But Do I Really Have to Pay Her Taxes?

    Due to COVID, a large number of families have found themselves seeking some sort of caregiver for their children during the work week. Wh...
    Part Time or Seasonal Help According to the IRS

    Part Time or Seasonal Help According to the IRS

    The popup of random Halloween-themed stores across old, vacant buildings across the United States means one thing: shoppers are coming. W...
    Closing Your Business? Keep This Checklist From the IRS in Mind

    Closing Your Business? Keep This Checklist From the IRS in Mind

    There are typical actions that are taken when closing a business. You must file an annual return for the year you go out of business. If ...
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    RECENT POSTS
    Conversion from s-corporation to c-corporation mid-year.

    Conversion from s-corporation to c-corporation mid-year.

    Extension of Tax Cuts and Jobs Act (TCJA) Could Cut Taxes by $1.1 Trillion According to New Study by

    Extension of Tax Cuts and Jobs Act (TCJA) Could Cut Taxes by $1.1 Trillion According to New Study by

    2021 and 2020 Inflation-Adjusted Tax Rates and Income Brackets

    2021 and 2020 Inflation-Adjusted Tax Rates and Income Brackets

    2021 Social Security Updates from the Social Security Administration

    2021 Social Security Updates from the Social Security Administration

    What To Do If You Receive IRS Notice 1444-A from the IRS.

    What To Do If You Receive IRS Notice 1444-A from the IRS.

    If Proceeds from the Sale of My Home Are Used to Pay Off My Mortgage, Are They Taxable?

    If Proceeds from the Sale of My Home Are Used to Pay Off My Mortgage, Are They Taxable?

    Extraordinary Events Mean New Filing Deadlines

    Extraordinary Events Mean New Filing Deadlines

    My Nanny Is Great With My Kids, But Do I Really Have to Pay Her Taxes?

    My Nanny Is Great With My Kids, But Do I Really Have to Pay Her Taxes?

    Part Time or Seasonal Help According to the IRS

    Part Time or Seasonal Help According to the IRS

    Closing Your Business? Keep This Checklist From the IRS in Mind

    Closing Your Business? Keep This Checklist From the IRS in Mind

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