Uncategorized Full Disclosure 01/30/2025 It bears repeating that anything unique about your family, your child, your job, may have a bearing on your taxes. Notify your preparer regarding the following. Family events and changes,…
Uncategorized When Indiana taxpayers owe a balance that they cannot pay in full … 02/28/2024 … the IRS has an automatic approval for an installment payment plan under certain conditions. This payment plan can be requested when the federal income tax return is filed (either…
Uncategorized Taxation of Gaming 06/28/202306/26/2023 The taxation of gaming is in the news again, as states prepare to tax betting platforms and as states without traditional income tax start to think about taxing gambling winnings…
Uncategorized What to keep and how long 04/29/202304/29/2023 The main record to keep is your Form 1040, along with attached schedules and forms, because it shows that you fulfilled your tax-filing obligation and it can be handy for…
Uncategorized An Interesting Take on the Powerball Lottery 11/09/2022 The recent world's largest lottery jackpot is discussed in "How to think about Powerball's record '$2 billion' jackpot like an economist" including The world's largest lottery drawing ever was no…
Uncategorized Tax preparers are balking at crypto currency challenges 09/20/2022 The main Crypto Currency challenge for tax preparers is that clients do not provide appropriate sales reports for all of their transactions across all crypto currency platforms and exchanges. Tax…
Uncategorized Student Loan Forgiveness = State Income 08/31/2022 According to the Tax Foundation, as quoted by Forbes Magazine, 13 states could treat President Biden’s student loan forgiveness initiative as taxable income to borrowers. The states are Arkansas, Hawaii,…
Uncategorized Newlywed? 08/02/2022 Name and address changes: Individuals who change their name after marriage should report their name change to the Social Security Administration (SSA) as soon as possible. The name on an individual’s…
Uncategorized There are several ways of donating to charities and getting a tax deduction for the gift. 10/01/2021 Here is a short list of some of them as compiled by CPA and advisor Ed Mendlowitz, Withum.com.
Kenneth Athon Tax Strategies 