by KNSS | Mar 21, 2022 | 2022 March
From IRS News – IR-2022-52 The Internal Revenue Service reminds taxpayers they may be able to claim a deduction on their 2021 tax return for contributions to their Individual Retirement Arrangement (IRA) made through April 18, 2022. An IRA is a personal savings...
by KNSS | Mar 14, 2022 | 2022 March
From IRS Tax Tip # 2022-38 Higher education is important to many people and it’s often expensive. Whether it’s specialized job training or an advanced degree, there are a lot of costs associated with higher education. There are two education tax credits designed to...
by KNSS | Mar 14, 2022 | 2022 March
If your high school or college aged child needs to file a tax return only to have federal or state income taxes withheld from their pay refunded, then why not file for free? For federal taxes, this generally applies to dependents who earned no more than $12,550 (in...
by KNSS | Mar 7, 2022 | 2022 March
The IRS now requires that all individuals answer this question about cryptocurrency on the first page of their personal tax returns: At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency? ...
by KNSS | Mar 1, 2022 | 2022 March
Practice owners who received Provider Relief Fund (PRF) payments exceeding $10,000 in the aggregate between July 1, 2020 and December 31, 2020 are required to self-report during Reporting Period 2 (RP2) which runs through March 31st. Providers who fail to comply with...
by KNSS | Mar 1, 2022 | 2022 March, Practice Management, Practice resources
By Benjamin C. Larkin, MA, JD, Optimal Practice Transitions, LLC ~ www.optimalpracticetransitions.com One of the most frequent questions that is posed to us is some variation of, “What is the validity and enforceability of a non-competition in the dental community in...
