by Steven J Weil, PhD, EA, LCAM | Mar 12, 2022 | Blog, Business Tax, Personal Tax
IR 2022-45, 3/1/2022 In an information release, the IRS has remined taxpayers of their reporting and potential tax obligations from working in the gig economy. Gig economy earnings are taxable. Generally, income earned from the gig economy is taxable and must be...
by Steven J Weil, PhD, EA, LCAM | Jan 31, 2022 | Blog, Personal Tax
Under the heading Not Quite Ready for Tax Season the IRS is urging people to use the information in their online taxpayer accounts for the most up-to-date figures on the amount of the advance Child Tax Credit to include on their tax returns — instead of the...
by Steven J Weil, PhD, EA, LCAM | Jan 13, 2022 | Blog, Personal Tax
IRS warns taxpayers and tax professionals to be ready for a turbulent tax-filing season. The IRS is still dealing with backups in processing returns from the past two filing seasons, and the upcoming filing season will just make things worse. The volume of unopened...
by Steven J Weil, PhD, EA, LCAM | Jan 5, 2022 | Blog, Personal Tax
Now is the time to start getting your 2021 tax records together. be sure to set-up a safe place to keep your W2s, 1099s and other important tax information. Keep an eye open for letters from the IRS reporting the amounts of Economic Impact Payments your received and...
by Steven J Weil, PhD, EA, LCAM | Oct 29, 2021 | Blog, Business Tax, Personal Tax
November 1, 2021 Dear Friends, For the first time in 40 years, taxes on income and wealth transfers may be headed higher, making tax planning more important than ever. As a client of RMS Accounting, we are pleased to offer you a FREE year-end tax planning appointment....
by Steven J Weil, PhD, EA, LCAM | Sep 20, 2021 | Blog, Investments, Personal Tax, Wealth
A whole new world has opened to me and I don’t like it one bit. As I recently turned 65, the nature of my mail, Facebook feed and email have changed. I have suddenly become the target of every financial planner, investment product, tax savings event, webinar and free...
