Apply Today!
Ready to join the HintonBurdick team? Submit your application below!
Small Business Tax Roundup
March 1, 2021
By: HintonBurdick
Tax changes due to recent legislation such as the Tax Cuts and Jobs Act and the CARES Act, affect both individual taxpayers and small businesses. In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarifi …
Tax Breaks for Families with Children
March 1, 2021
By: HintonBurdick
If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Let’s take a look: 1. Child Tax Credit Generally, taxpayers can claim the Child Tax Credit for each qualifying child under the a …
Renting Out a Second Home
March 1, 2021
By: HintonBurdick
In general, income from the rental of a vacation home for 15 days or longer must be reported on your tax return on Schedule E, Supplemental Income and Loss. You should also keep in mind that the definition of a “vacation home” is not limited to a house …
Avoiding an IRS Tax Audit
March 1, 2021
By: HintonBurdick
Although just 0.15 percent of taxpayers were audited in 2019, the fear of being audited is never far from many taxpayer’s minds, and with the taxes becoming more complicated every year, there’s an even greater possibility of confusion turning into a ta …
State of Utah Taxation of PPP Forgiven Loan Funds
February 11, 2021
By: HintonBurdick
Perhaps you’ve recently heard the news. Though the federal government determined in late December that forgiven PPP loan funds were nontaxable, the State of Utah recently announced that such forgiven PPP funds are taxable income for Utah taxation purp …
Who Qualifies for the Earned Income Credit
February 1, 2021
By: HintonBurdick
The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. The credit not only reduces the amount of tax someone owes but may give them a refund even if they don’t owe any taxes or aren’t require …
New Year, New Withholding?
February 1, 2021
By: HintonBurdick
Whether you are starting a new job or reassessing your financial situation, a new year often means a fresh start. Why not get the new tax year off to a good start as well? One way people can do this is by checking their federal income tax withholding u …
Five Tax Tips for Older Americans
February 1, 2021
By: HintonBurdick
Everyone wants to save money on their taxes, and older Americans are no exception. If you’re age 50 or older, here are five tax tips that could help you do just that. 1. Standard Deduction for Seniors. If you and/or your spouse are 65 years old or olde …
Relief for Taxpayers Struggling With Tax Debts
February 1, 2021
By: HintonBurdick
While there have always been payment options available from the IRS to help taxpayers struggling to pay tax debts, the new IRS Taxpayer Relief Initiative was put into place to expand these options and offer relief during the pandemic. These revised COV …
Do You Need To File a 2020 Tax Return?
February 1, 2021
By: HintonBurdick
Most people file a tax return because they have to, but even if you don’t, there are times when you should – because you might be eligible for a tax refund and not know it. The tax tips below should help you determine whether you’re one of them. Genera …
