FJ-Associates-IndividualTax Banner

Tax Education Home Page

The education you can't find anywhere else

Stay up to date on the latest finance & tax changes 

Avoiding surprises as a business owner is crucial to ensure you have a successful business. The same goes for managing your personal finances. By subscribing to our blog and newsletter you get the latest updates on the world of finance and taxes. Additionally, by visiting our main topic categories below you can educate yourself on the various topics regarding tax education, personal finance, and business ownership. 

Why you should subscribe

  • Simple clear articles on relevant topics
  • How to improve your business
  • Dispelling financial myths
  • Important updates & tax deadlines

July 15 Deadline for Reporting Foreign Income

Posted by Missy Dennis on Jul 8, 2020 8:14:00 AM

If you live or work outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship. Due to the coronavirus pandemic, people who live and work abroad have until Wednesday, July 15, 2020, to file their 2019 federal income tax return and pay any tax due. The deadline is normally June 15.

Read More

Topics: Personal Finance, Taxes, Tax Return, Tax Preparation

Avoid These Common Errors When Filing a Tax Return

Posted by Missy Dennis on Jun 16, 2020 8:09:00 AM

When filing a tax return, mistakes such as the common errors listed below can result in a processing delay - and increase the amount of time it takes to receive a tax refund. Using a reputable tax preparer such as a certified public accountant, enrolled agent or another knowledgeable tax professional is usually the best way to avoid this. With this in mind, here are eight of the most common errors taxpayers make when filing their returns:

Read More

Topics: Taxes, Tax Return, Tax Preparation

Job Loss Could Affect Your Tax Situation

Posted by Taylor Bennett on May 14, 2020 8:37:00 AM

If you've lost your job you may have questions about how it could affect your tax situation. Here are some answers:

Read More

Topics: Taxes, Tax Return

Additional Tax Deadlines Extended

Posted by Scott Farnes on May 5, 2020 8:09:00 AM

As a reminder, taxpayers now have until July 15, 2020, to file and pay federal income taxes originally due on April 15 and no late-filing penalty, late-payment penalty or interest will be due. Due to the coronavirus pandemic, this relief has been expanded to include additional returns, tax payments and other actions:

Read More

Topics: Taxes, Tax Extension, Tax Return, Tax Preparation

Relief for Other Coronavirus-related Tax Issues

Posted by Missy Dennis on Apr 21, 2020 8:16:00 AM

Relief for taxpayers facing the challenges of COVID-19-related tax issues is now available through the IRS People First initiative. The projected start date will be April 1 and the effort will initially run through July 15, 2020. During this period, to the maximum extent possible, in-person contact will be avoided; however, the IRS will continue to take steps where necessary to protect all applicable statutes of limitations.

Read More

Topics: Taxes, Tax Return

CARES Act: Information for Individual Taxpayers

Posted by Missy Dennis on Apr 9, 2020 8:07:00 AM

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the stimulus bill that was signed into law on March 27, 2020, contains legislation to stabilize the economy during the coronavirus pandemic. These measures include economic recovery checks for taxpayers, as well as several other tax provisions affecting individuals.

Read More

Topics: Personal Finance, Taxes, Tax Credit, Tax Return

2019 Tax Deadline for Tax Returns & Estimated Taxes Now July 15

Posted by Scott Farnes on Apr 7, 2020 8:02:00 AM

Due to the coronavirus pandemic, the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed.

Read More

Topics: Taxes, Tax Return, Tax Preparation

What to Do If You Are Missing Important Tax Forms

Posted by Scott Farnes on Mar 11, 2020 8:38:00 AM

If you are ready to file your taxes but are missing important tax forms here's what you should do:

Read More

Topics: Taxes, Record Keeping, Tax Return, Tax Preparation

Tax Extenders, Retirement Plan Changes, and Repeals

Posted by Missy Dennis on Mar 6, 2020 8:10:00 AM

The Further Consolidated Appropriations Act, 2020, signed into law on December 20, 2019, extended a number of expired tax provisions for business and individuals through 2020. It also included several retirement plan changes and repealed three health care taxes. Here's what you need to know:

Read More

Topics: Business Ownership, Personal Finance, Taxes, Retirement, Tax Return, Tax Preparation

ACA Reporting Requirements for Employers

Posted by Missy Dennis on Feb 19, 2020 7:51:00 AM

The health care law contains tax provisions that affect employers. Two parts of the Affordable Care Act apply only to applicable large employers. These are the employer shared responsibility provisions and the employer information reporting provisions for offers of minimum essential coverage.

Read More

Topics: Business Ownership, Taxes, Tax Credit, Small Business, Tax Return