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Did you turn 65 this year? If so, don’t miss Kentucky’s homestead exemption deadline.

In the state of Kentucky, the deadline for property owners to apply for a homestead exemption is December 31. Do you have all the information you need to file your application?

2021-11-03T11:51:59-04:00November 3rd, 2021|Tax|

Kentucky Farmers – Apply NOW for your Agriculture Exemption Number

The General Assembly enacted the requirement for an agriculture exemption number in 2020. The deadline to apply for the new agriculture exemption number for current farmers is January 1, 2022. The number is valid for three years from the date of issuance.

2021-09-07T14:41:49-04:00September 7th, 2021|Industry Solutions, Tax|

Qualified Charitable Distributions – What Are They and When Are They a Good Idea?

A qualified charitable distribution (QCD) is a direct transfer of funds from your IRA custodian, payable to a qualified charity. QCDs can be counted toward satisfying required minimum distributions (RMDs) for taxpayers over age 70 1/2.

2021-06-18T14:13:14-04:00June 18th, 2021|Tax, Wealth & Estate Planning|

Cryptocurrency Risk and Tax Considerations for Investors

As cryptocurrency seems to be gaining in popularity, there are a couple of issues we believe investors should know about before getting involved with one or more of the proliferating number of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin

2021-06-16T14:30:48-04:00June 15th, 2021|2021 Summer Edition, Forensic Accounting, Tax|

State Tax Receipts – What are their Primary Sources?

State governments provide services largely by using taxes paid by their residents and others doing business ion the state. Take a look at some of the comparisons across contiguous states.

2021-07-06T21:57:18-04:00June 14th, 2021|2021 Summer Edition, News & Views, Tax|

New Rules for Sole Proprietors, and Time is Running Out!

Act Immediately to Get a Paycheck Protection Program Loan.

The deadline for Paycheck Protection Program (PPP) loans is March 31, 2021, and many lenders will quit accepting applications as early as next week to process what is in their pipeline. For these reasons, it is imperative that any business or organization that qualifies for a PPP loan, first or second draw, apply immediately.

PPP expenses: deductible for federal tax purposes, but what about the states?

When Paycheck Protection Program (PPP) loans were initially introduced, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) made clear that loan proceeds would not be treated as gross income on federal income tax returns.

IRS opens universal access to Identity Protection PIN program

This year the IRS has opened up its Identity Protection PIN system to all tax filers who wish to opt-in; being a victim of identity theft is no longer a requirement.

2021-02-17T11:48:28-05:00February 17th, 2021|2021 Spring Edition, News & Views, Tax|
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