Posted on November 13, 2020

You know the old adage about the inevitability of death and taxes? Well there’s another inevitability to add to that list – scams. In a recent AARP-sponsored study, researchers found that in the past year, more than 1 in 4 Americans experienced identity and tax fraud. Not only that, but their losses were almost $17 billion! […]

Posted on November 6, 2020

  Teipen CPA Group wants to remind all taxpayers that November is a good time to review your 2020 tax withholding payments to avoid a surprise when filing this year’s taxes in spring, 2021. With less than two full months to go in 2020, if you need to have more taxes withheld in the last […]

Posted on October 30, 2020

Closing a business is always a difficult decision to make. If you are getting ready to permanently shut your doors, the CPAs at Teipen CPA Group can help you check all the appropriate boxes and help make sure you won’t be penalized by the IRS. At Teipen CPA Group, we work with many small businesses […]

Posted on October 11, 2020

First and foremost, losing a job is tough to go through, emotionally as well as financially. But unfortunately, you will need to deal with the tax impact of your changed financial situation. And, like so many other things related to finances and taxes, the way you deal with this matter can profoundly affect your bottom […]

Posted on September 21, 2020

The Department of Treasury and Internal Revenue Service has issued guidance on how to implement the Presidential Memorandum issued on August 8, 2020. TEIPEN CPA Group, P.C., has learned that the Memorandum allows employers to defer withholding and payment of the employee’s portion of Social Security tax if the employee’s wages are below a certain […]

Posted on September 10, 2020

More of us are working from home than ever before. If you are a part of this relatively new (and burgeoning) group, Teipen CPA Group wants to be sure you know that you may be able to take a home office deduction on your 2020 tax returns. This deduction allows eligible taxpayers to deduct certain […]

Posted on September 2, 2020

With so many Americans receiving unemployment compensation for the first time, the CPAs at Teipen CPA Group, P.C. want to make sure those receiving unemployment pay know that taxes are due on unemployment income. As harsh as it may sound, by law, unemployment compensation is taxable and must be reported on your 2020 federal income tax […]

Posted on September 2, 2020

 The Department of Revenue (DOR) has announced a new e-services portal to replace the outdated INtax portal. Called INTIME, the new multi-faceted, easy to use portal will begin supporting additional tax types as of Tuesday, September 8. According to TEIPEN CPA Group, P.C., that means that all existing businesses that have been filing business taxes […]

Posted on August 20, 2020

Every once in awhile the math doesn’t quite add up, or you overpay (it happens!), or a 1099 comes in late, or divorced parents inadvertently claim the same child. In any of these cases and many more, the IRS needs to let you know about the issue. So they mail a notice to you. The […]