by ABIP | Jul 5, 2021 | News, Newsletter
What to Know About Backup Withholding Backup withholding is a federal tax on income that otherwise typically doesn’t require tax withholding, such as 1099 and W2-G income. Taxpayers who receive this type of income may have backup withholding deducted from their...
by ABIP | Jul 2, 2021 | News, Newsletter
Employee Relocation: What Happens to Your Home? Employees and small business owners often have questions about what to do with an employee’s home – and what the tax consequences might be – when they move to a new job location. Here are some answers:...
by ABIP | Jul 1, 2021 | News, Newsletter
Advance Child Tax Credit Payments Start This Month The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting...
by ABIP | Jun 4, 2021 | Individuals, News, Newsletter
Tips for Students with a Summer Job If your child is a student with a summer job, the income your child earns over the summer is considered taxable income. Here’s what they should know: Form W-4. When anyone gets a new job, they need to fill out a Form...
by ABIP | Jun 3, 2021 | Individuals, News, Newsletter
Changing Jobs? Don’t Forget About Your 401(k) One of the most important questions you face when changing job is what to do with the money in your 401(k) because making the wrong move could cost you thousands of dollars or more in taxes and lower returns....
