TAXPAYER RESOURCES

With tax laws changing every year, completing your returns can be confusing and frustrating.

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Tax news and updates for individuals, families, and entrepreneurs

Our team of tax experts has the solutions to make your next filing a little easier — and that insight is just a click away. Browse our archive of tax-related posts below, and click the button to sign up for our newsletter and updates.

Entrepreneurs: What to know about deducting start-up expenses

Jul 23, 2019

Starting a new business is an exciting but often expensive journey. Fortunately, many start-up expenses can be deducted on your tax return, but some may have to be amortized over time instead of being taken right away.

Thinking about moving to another state in retirement? Don’t forget about taxes

Jul 15, 2019

Many people dream of retiring to another state to take advantage of warm weather or to be close to loved ones. Before you call the moving truck, consider the impact of state and local taxes.

Hire your kids this summer, and everybody wins

Jun 14, 2019

Are you a business owner with teenage or college-age children who seem to constantly need money? Have them earn their own income by hiring them. You can save taxes and reap other benefits.

IRS updates rules for personal use of employer-provided vehicles

Jun 13, 2019

An attractive benefit for some employees is an employer-provided vehicle that can be used for both business and personal use. The IRS has issued new guidance on how to value the personal use of such vehicles to include the amount in an employee’s income.

Selling your home? Consider these tax implications

Jun 12, 2019

Home sales are flourishing in Middle Tennessee, but consider all the potential pros and cons before putting your house on the market.

The number of IRS audits is down, but you should still be prepared

Jun 10, 2019

Recent statistics show a decreased number of IRS audits. The thought of being audited can be frightening, but proper preparation can ensure a smoother process if you are selected.

Key deadlines are coming up in the third quarter

Jun 7, 2019

The third quarter of 2019 is approaching, so be sure to keep tabs on key deadlines that could affect you and your business.

Keep tabs on your refund (and why you might not get it)

May 16, 2019

Refunds are usually sent to taxpayers within a few weeks. However, there may be delays, or in worst-case scenarios, refunds may be applied to debts owed to the federal or state government.

There’s tax-saving incentive to plug into electric vehicles

May 13, 2019

Are you interested in joining the growing ranks of plug-in electric vehicle owners? If so, there’s a federal income tax credit that might incentivize your shopping.

"We saved one client $700,000 using R&D credits — credits that the company’s previous CPA told them they were not eligble to claim. We stay on top of the latest tax laws to help clients reduce their taxes.”

Mark Patterson, KraftCPAs Tax Services

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