Apply Today!
Ready to join the HintonBurdick team? Submit your application below!
Defer Capital Gains Using Like-Kind Exchanges
October 1, 2021
By: HintonBurdick
If you’re a savvy investor, you probably know that you must generally report as income any mutual fund distributions, whether you reinvest them or exchange shares in one fund for shares of another. In other words, you must report and pay any capital ga …
Small Business: Tips for Ensuring Financial Success
October 1, 2021
By: HintonBurdick
Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Probably not. While you may wish it was that easy, the truth is that you can’t let your business run on autopil …
Marginal vs. Effective Tax Rates
October 1, 2021
By: HintonBurdick
Understanding marginal and effective tax rates is important for tax planning purposes; however, many taxpayers don’t fully understand the differences. Let’s take a closer look: Marginal Tax Rate The United States has a progressive tax system. The more …
Tax Planning: Facts About Credits and Deductions
September 1, 2021
By: HintonBurdick
Tax credits and deductions can mean more money in a taxpayer’s pocket. Here are a few facts about credits and deductions that help taxpayers with their year-round tax planning: Taxable income is what’s left over after someone subtracts any eligible ded …
How To Get an Identity Protection Pin
September 1, 2021
By: HintonBurdick
An Identity Protection PIN is a six-digit number eligible taxpayers get to help prevent their Social Security number or Individual Taxpayer Identification Number from being used to file fraudulent federal income tax returns. This number helps the IRS v …
Gross Receipts Safe Harbor for Employers Claiming ERC
September 1, 2021
By: HintonBurdick
Safe harbor is now available that allows employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are: The amount of the forgiveness of a Paycheck Protection …
Reminder: Protect Yourself From Scammers
September 1, 2021
By: HintonBurdick
Understanding how the IRS communicates can help taxpayers protect themselves from scammers who pretend to be from the IRS with the goal of stealing personal information. For example, the IRS typically does not call a taxpayer, but if the IRS does call, …
Extension Deadline Looming for 2020 Tax Returns
September 1, 2021
By: HintonBurdick
Time is running short for taxpayers who requested an extra six months to file their 2020 tax return. As a reminder, Friday, October 15, 2021, is the extension deadline for most taxpayers. Taxpayers who owe tax – even those who did not request an extens …
Tax Rules for Divorce and Alimony Payments
September 1, 2021
By: HintonBurdick
Divorce is a painful reality for many people, both emotionally and financially. Quite often, the last thing on anyone’s mind is the effect a divorce or separation will have on their tax situation. To make matters worse, most court decisions do not cons …
Verifying Your Identity When Calling the IRS
September 1, 2021
By: HintonBurdick
Sometimes, taxpayers need to call the IRS about a tax matter. If this is the case, they should know that IRS phone assistors take great care to only discuss personal information with the taxpayer or someone the taxpayer authorizes to speak on their beh …
