Kenneth Athon – Page 6 – Kenneth Athon Tax Strategies

Advance Child Tax Credit Payments to begin

22 Jun 202118 Jun 2021

If you have children under age 17, depending upon your income and other factors, the IRS may start sending you monthly checks beginning July 15 as an advance or pre-payment…

Changes to Federal Child Tax Credit

17 Jun 20219 Jun 2021

Previous Years 2021 Per child under 17 years old ………… $2,000.00 n/a Per child under 6 years old n/a $3,600.00 Per…

Do you want your new baby to have a unique name?

15 Jun 202110 May 2021

Want your new baby to have a unique name?If so, don't choose one of these, the most popular names in 2020. RankMale nameFemale name1LiamOlivia2NoahEmma3OliverAva4ElijahCharlotte5WilliamSophia6JamesAmelia7BenjaminIsabella8LucasMia9HenryEvelyn10AlexanderHarper

Quarterly Estimated Tax Payments

12 Jun 20219 Jun 2021

Taxpayers who do not have sufficient tax withheld by payers, (e.g., employers or pension plans, etc.), may be required to pay an estimate of their current year tax liability, in…

Quote: “For billionaires, the federal income tax — the pillar of the U.S. tax system — has become a voluntary tax.”

11 Jun 20219 Jun 2021

Gabriel Zucman, of the University of California, Berkeley: “For billionaires, the federal income tax — the pillar of the U.S. tax system — has become a voluntary tax.” The New…

U.S. tax cuts since 1997

10 Jun 20219 Jun 2021

Owen Zidar, a Princeton University economist: “It’s amazing how much we’ve cut taxes even since 1997 — on dividends, the estate tax threshold, capital gains and the top rate." The…

Wealthiest U.S. citizen reports so little income that he qualifies for refundable tax credit

New York Times: In 2011, [Jeff] Bezos reported so little income that he qualified for — and claimed — a $4,000 child tax credit. In both 2016 and 2017, Carl…

What tax law says the IRS must know about your foreign financial accounts

8 Jun 20216 May 2021

If you are a U.S. citizen or resident ... and if you (or your spouse) control a foreign bank/brokerage account, or receive income/payments from a non-U.S. trust, or have refunds…

Sales tax and Use tax explained

1 Jun 20216 May 2021

State law allows the state to collect sales tax on most goods and many services. If you make a purchase without paying state sales tax, then the purchase is subject…

Indiana Identity Theft

25 May 20216 May 2021

Fraudulent Claims & Identify Theft If customers find a fraudulent unemployment claim has been filed in their name, they need to visit the DWD’s website immediately to file a report. Their website…