Have you hired a house cleaner, nanny, babysitter, home health care aide, or other household worker? You may be on the hook for federal and state payroll taxes if you paid a household employee more than $2,600 in 2023 ($2,700 in 2024). Learn more.
Tax-related identity theft is unfortunately here to stay. Taking proactive steps such as requesting an Identity Protection PIN (IP PIN) from the IRS can help prevent fraudulent tax filings using a taxpayer’s personal information. Find out more.
The American Opportunity Credit and the Lifetime Learning Credit are available to benefit eligible taxpayers. Click here for more details on the federal education credits.
Any individual or business owning or possessing personal property used or connected with a business (or other income generating purpose) must file a business personal property tax listing annually. Find out tips for preparing your property tax listing.
Numerous reputable charities embrace various kinds of assets or property (e.g., clothing, household appliances, furniture, artworks, and etc.) to support their charitable mission. The non-cash charitable contributions, however, must satisfy rigorous substantiation criteria to qualify for the deduction. Read more.
On April 3, 2023, the North Carolina General Assembly passed legislation that enacted changes to the legislation passed in November of 2021 to the pass-through entity tax (PTET) for qualifying partnerships and S-Corporations filing North Carolina income tax returns. Learn more.
On September 22, 2023, the 2023 Appropriations Act passed the NC General Assembly and became law on October 3, 2023. Taxpayers should be aware of the changes and their effective dates. Learn more.
Ever wonder “What information does Gilliam Bell Moser need to complete my business’s tax return, and how will I get it to them?” We have the answer! Our LINKS Organizer is the right tool for the job. Learn more.
Retirement plans are designed to help individuals save and invest money over their working years so they can have a stable income during their retirement. There are several types of retirement plans available, each with its own features, benefits, and tax implications. Learn more.
In order to exclude the gain on the sale of your primary residence from your taxable income, you must pass two tests: ownership and use. Click for examples and to learn more about the requirements.
