Pearson’s Posts

EMPLOYERS! HEADS-UP ON NEW I-9

You’re familiar with Form I-9 to verify the identity and employment authorization of individuals hired for employment in the United States. Through April 30, employers can choose to use the...

THE EVER-EVOLVING FORM 1040

THE EVER-EVOLVING FORM 1040 Hopes for a Postcard to File Your Taxes … Dashed Once Again! Earlier this year, the IRS heralded the introduction of a new and improved tax...

YOUR LIFE CYCLE … AND THE TAX CUTS & JOBS ACT (TCJA)

YOUR LIFE CYCLE … AND THE TAX CUTS & JOBS ACT (TCJA) The TCJA Affects Your Tax Planning Regardless of Your Stage of Life While there is every likelihood that...

MAIL ADDRESSED TO YOU … RETURN ADDRESS: IRS

MAIL ADDRESSED TO YOU … RETURN ADDRESS: IRS Know What to Do to Avoid Panic Attack You may get a letter from the IRS, if not this year, perhaps some...
Pearson & Co. CPAs

PLAN TO SELL YOUR HOME?

PLAN TO SELL YOUR HOME? Good News!  You May Qualify to Exclude Gain from Income Your home is likely your single most valuable asset.  Good to know that when you...
Pearson Perspective

THE U.S. GIG ECONOMY

THE U.S. GIG ECONOMY The Prophecies … Now Grounded in Facts At just about this time last year, the Pearson Perspective published an article spotlighting the apparent rise of the...

CHILD TAX CREDIT DOUBLED

Potential to Reduce Your Tax Bill by as Much as $2,000 per Qualifying Child Raising children is an expensive responsibility. So it’s worth your while to take just a few...
Charitable Giving Advice from Pearson & Co. CPAs

DECEMBER … THE MONTH FOR GIVING

Do So Charitably, and With Caution This is the season for giving. Generally we all feel more willing to open our purses for good causes. And there are plenty of...

2018 TAX PLANNING FOR THE FIRST YEAR UNDER THE NEW TAX CODE

Business & Individual Tax Rates, Deductions, Exemptions & Credits Once again, the season for tax planning is upon us … and this year with a number of challenges for both...

HOW TO CHOOSE THE EXECUTOR OF YOUR ESTATE

HOW TO CHOOSE THE EXECUTOR OF YOUR ESTATE Never a Popularity Contest Who Will Implement My Estate Plan Upon My Disability or Death? Choosing the executor of your estate is...

END OF YEAR TAX STRATEGIES

END OF YEAR TAX STRATEGIES For Business Owners and Individual Taxpayers Yes … it’s hard to believe … the 2018 income tax season is nearly upon us. Certainly, seems like...
Supreme Court Ruling

SUPREME COURT RULING STUNS SMALL ONLINE BUSINESSES

SUPREME COURT RULING STUNS SMALL ONLINE BUSINESSES At Stake … Comply With Tax Laws of 50 States and 3,000+ Counties To Collect and Remit Sales Taxes In a decision earlier...

VACATION RENTAL HOME BENEFITS & TAX BREAKS

VACATION RENTAL HOME BENEFITS & TAX BREAKS Personal Use and As a Rental Unit Well here we are half way through the summer and many of us have taken a...

FOUR TAX TIPS FOR SMALL BUSINESSES

FOUR TAX TIPS FOR SMALL BUSINESSES The New Tax Law – Much to Applaud by Small Business Here we are better than halfway through the 2018 tax year and small...
Social Security Article by Pearson & Co. PC

THE UPSIDE AND THE LOWDOWN ON SOCIAL SECURITY IN 2018

THE UPSIDE AND THE LOWDOWN ON SOCIAL SECURITY IN 2018 How Current and Future Retirees Will Fare   For some, Social Security is, or will be, the centerpiece of their...

HIRING QUALITY WORKERS IN TIGHT JOB MARKET

HOW TO HIRE QUALITY WORKERS IN TIGHT JOB MARKET Strategy That Includes Significant Tax Savings It’s no secret … unemployment is at a record low. That’s great for Americans who...
Health Coverage

QSEHRA: NOT A WORD … AN ACRONYM

QSEHRA: NOT A WORD … AN ACRONYM Health Benefit Option for Employers with 50 or Fewer Employees   If you are an employer with 50 or fewer employees and have...

GOT AN UNEXPECTED TAX RETURN?

GOT AN UNEXPECTED TAX RETURN? And a Request to Return It   The latest con launched by the fraudsters is the  “IRS Refunds” scam. The cybercriminals either steal client data...

THE 2018 IRS DIRTY DOZEN TAX SCAMS

THE 2018 IRS DIRTY DOZEN TAX SCAMS And the “Winners” are…  Caution! Fraudsters at Work “We continue to work hard to protect taxpayers from identity theft and other scams,” said...

SO YOU GOT MORE MONEY IN FEBRUARY!

SO YOU GOT MORE MONEY IN FEBRUARY! Caution: The Bump In Your Paycheck May Not Be All Yours! The reason your check was bigger last month is because income tax...
HELOC Interest Deduction

HELOCs INTEREST DEDUCTION

HELOC INTEREST DEDUCTION First They Say You Can’t … and Now They Say You Can … Maybe! The Tax Cuts and Jobs Act (TCJA) passed in the closing days of...
2018 Tax Law Insights from Pearson & Co. CPAs

NEW TAX LAW AND THE GIG ECONOMY

NEW TAX LAW AND THE GIG ECONOMY Attractions and Aversion for Workers and Employers The 21st Century worker landscape is rapidly gaining altitude in the gig economy sector … that’s...
Virginia Consumer Use Tax

VIRGINIA CONSUMER USE TAX

VIRGINIA CONSUMER USE TAX Small Business Owners … Don’t Get Caught in Non-Compliance OK, Virginia small business owners … you know all about paying sales taxes, because anything requiring that...
Tax Credits

THREE TAX CREDITS FOR 2017

INDIVIDUAL TAXPAYERS Be Sure to See If You Qualify for Three Tax Credits Taxpayers! You may qualify for one or more of three often overlooked tax credits that may put...
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