Square One Tax Resolutions

Have you purchased a hybrid, electric or a clean-fuel vehicle for yourself or for your business? If so, you may be able to deduct some of the cost from your tax bill. Environmentally-friendly may also mean tax-friendly.

Working with us is a money-saving investment. Not only are we skilled in tax preparation, we also know more about tax laws than a layperson, so we can find the legitimate tax savings that a non-professional can't.

Do you have real estate you hold as an investment? Maybe rentals you rent out? Our understanding of the laws regarding fix asset capitalization, depreciation, and disposal can result in a lowering of your taxes. Your real estate is supposed to be an investment, not a capital drain.

https://www.youtube.com/watch?v=YhfSZuwGrlY
Even if you have not had your identity stolen you should consider getting an IRS Identity Protection Pin. This video is short and sweet and can help you understand who, what, why, when and where. When in doubt call me to talk about it.

Get an Identity Protection PIN The IP PIN is a six-digit number assigned to eligible taxpayers to help prevent the misuse of their Social Security number on fraudulent federal income tax r...

Do you generally owe the IRS every year at tax time?

Take charge now!

Now is the time to review your Federal income tax withholding for 2024!!!

Obnoxious, I know! But necessary!

Do this now so that it doesn't happen again for this upcoming year.

This IRS video is very good! It is a great place to start.

Do I Need to Fill Out a New W-4? Find out if you need to fill out a new Form W-4 to make sureyou’re having enough federal tax withheld from your paycheck.For more information, go to https://...

https://youtu.be/tZk-o1T26Wc Did you or do you plan to buy a used electric vehicle from a dealer in 2023? You might be eligible for at tax credit on your 2023 tax return. Watch this video to find out.

Tax Credits for Used Clean Vehicles In search of your next car? Some options may qualify you for a clean vehicle tax credit. Watch this video to learn about tax credits for used clean vehicle a...

https://www.usatoday.com/story/money/personalfinance/2022/01/23/child-tax-credit-irs-letter-2021/6628688001/

Don't throw away this document. Why IRS Letter 6419 is critical to filing your 2021 taxes. Many parents could toss a key tax-related letter from the IRS relating to child tax credit payments in 2021. Here's what IRS Letter 6419 looks like.

Know anyone who did not file their 2017 tax return? If so AND they would have had a refund their time to claim that refund is running out. The 2017 return must be filed by May 17, 2021 or the refund is lost forever! Call me, we can electronically file their 2017 Federal and any state they need. Square One Tax 518-244-5280.

Don't forget! If you make quarterly estimated tax payments, your first payment is due to the IRS & NYS this Thursday, 4/15!!! Pay it online, this is not the best year to be mailing anything to the IRS. Use online services as much as possible. It's easy and its free.