by ABIP | Apr 13, 2023 | Accounting, Business, Individuals, News, Newsletter, Taxes
Obtaining a six-month extension to file is relatively easy, and there are legitimate reasons for doing so; however, there are also a few downsides. If you need more time to file your federal income tax return this year, here’s what you need to know. What Is an...
by ABIP | Mar 7, 2023 | Individuals, News, Newsletter, Taxes
Taxpayers in 21 states received special payments related to general welfare and disaster relief in 2022. However, according to recently issued guidance from the IRS, they will not need to report these payments on their 2022 federal tax returns. The special tax refunds...
by ABIP | Mar 3, 2023 | Business, Individuals, News, Newsletter, Taxes
When a family member employs someone, the tax implications depend on the relationship and the type of business. Taxpayers and employers need to understand their tax situation. Here is what to know: Married People in Business Together Generally, a qualified joint...
by ABIP | Mar 2, 2023 | Individuals, News, Newsletter, Taxes
As the April 18th tax deadline quickly approaches, last-minute tax filers should make sure they have all their documents before filing a tax return. You should have received a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your...
by ABIP | Mar 1, 2023 | Individuals, News, Newsletter, Taxes
Are you confused about which credits and deductions you can claim on your 2022 tax return? You’re not alone. With tax law becoming more complicated every year, it’s hard to remember which tax breaks are available in any given year. With that in mind, here are five tax...
by ABIP | Feb 24, 2023 | About ABIP, News
HOUSTON – abip CPAs & Advisors (abip) a Texas-based tax, accounting, and consulting firm, is pleased to announce that Richard Dyo, CPA, CHFP, has been admitted as an Equity Partner. Richard has over 30 years of knowledge and experience consulting in federal and...
