Unless you have a background in accounting, chances are your experience with filing extensions is not dissimilar from getting your car’s oil changed; you know that it’s a thing that occasionally needs to happen, you know there are people who do it, but you’re not one of them, you don’t know how to do it …
If you own a business or are an independent contractor, you’re familiar with the form 1099-K. It’s the one you receive every year showing year-end totals for credit card and electronic third-party payments received from third-party applications like PayPal, Zelle, Square, and Venmo, the one you include with all your other 1099s as part of …
For those of you who have a Schedule C (sole proprietorship) or a Schedule E (rental) on your 1040, or file a partnership, corporate, or non-profit return, you’ve no doubt been asked the question “Are you required to file 1099s?”. If you’ve ever had to answer “Yes” to that question without knowing how to file …
In the past week, you may have received a letter in the mail from the IRS indicating that you might be eligible to receive advance payments of the Child Tax Credit (CTC), which they plan to start paying out on July 15th, 2021. While on its face, this sound like a straightforward enough program, upon …
People are waiting longer and longer to have children, the average age of first-time parents for both men and women is up significantly[1] from what it had been in decades past. As a result, alternative pregnancy methods, such as in vitro fertilization (IVF), and surrogacy, are becoming more commonplace. Unfortunately for many Americans, there is …
Deducting Surrogacy and Fertility Treatment Costs Read More »
According to ongoing studies by the CDC and the Autism and Developmental Disabilities Monitoring (ADDM) network, one of the CDC’s specialized research branches, both autism, and other related developmental and neurological orders have steadily increased over the years[1]. While figures are mostly focused on Autism Spectrum Disorder, other disorders, like dyslexia, Asperger syndrome, and ADHD …
Every year it comes, and every year, people think they’re ready for it. The long phone calls, frantic searches for missing documents, avalanches of “Important Tax Notices”, and anxious hand-wringing over refund amounts; tax season has earned the dread it inspires. To help mitigate the yearly scramble to gather up your tax materials, we’ve put …
CARES Act “Coronavirus Aid, Relief, and Economic Security Act $2 trillion stimulus bill Meant to provide relief to individuals and businesses INDIVIDUALSI. Stimulus Checks Most taxpayers will receive a $1200 stimulus check, plus an additional $500 per qualifying child(16 and under) For anyone earning over $75,000 annually, the check will be reduced by 5% of …
Small Business Advisory to clients of Gonzalez and Associates, P.C. 2020 is going to be a trying year. We know this. Already we’ve seen shuttered businesses be pushed to the brink of insolvency. Many of our self-employed clients have reported fears of steeply decreased incomes, if not nonexistent ones. The CARES Act, passed into law …
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Gonzalez & Associates, P.C.
14 Page Terrace
Stoughton, MA, 02072
(781) 344-1040
