The IRS reminds taxpayers receiving Social Security benefits that they may have to pay federal income tax on a portion of those benefits.
To determine if their benefits are taxable, taxpayers should take half of the Social Security money they collected during the year and add it to their other income. Other income includes pensions, wages, interest, dividends and capital gains. Click HERE to visit the IRS website.
Vote C&K Best of 2022 Important Dates
Living Magazine started counting votes for the Best of 2022 Reader's Choice Awards. If you've found our firm to help you or your business, we'd love your vote! Voting ends March 15th.
- Deadline for corporate tax returns and partnership tax returns
- Deadline to request six-month extension for corporations and partnerships
April 18, 2022
- Deadline for individual tax returns & trust and estate
- Deadline to request six-month automatic extension for individuals & trust and estate
Business Tax Planning
While professionals and business owners are aware of the importance of a solid and well-grounded business plan, you might be surprised by how few apply the same strategic approach when it comes to their taxes.
Many times, well-meaning businesspeople turn a good tax plan into a bad one through poor preparation or lack of knowledge of changes in the tax codes. With Chandler & Knowles, your business tax planning is money in the bank.