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So far cozbycpa has created 343 blog entries.

Renting vs Buying a House: Pros and Cons

Having your own space is an important part of adulthood. But how you secure that space depends on a lot of factors. In some situations it makes sense to purchase and own a home, in others, renting makes more sense. Here are some pros and cons to each scenario: When you are a renter there's only [...]

Who Qualifies for Which New Employer Tax Credit?

This article was published by the IRS. Many businesses affected by COVID-19 qualify for tax relief though credits or deferrals. Here's a breakdown of which employers qualify for these new tax credits and the deferral of employment tax deposits and payments through December 31, 2020. Credits for paid sick and family leave Businesses and tax-exempt organizations [...]

Pay With Cash at a Retail Partner

This video was published by the IRS. Here is the information you should know about the only way that you can pay your Federal Taxes with cash at an approved participating retail store. The instructions are available at www.irs.gov/paywithcash. It generally takes up to 7 business days to process your cash payment. For that reason, be [...]

All Taxpayers Should Know the Telltale Signs of Common Tax Scams

This article was published by the IRS. Every year scammers add new twists to well-known tax-related scams, and 2020 is no exception. Taxpayers should remember that the IRS generally first mails a bill to a taxpayer who owes taxes. There are special circumstances when the IRS will call or come to a home or business. Here [...]

Part-Time and Seasonal Jobs

This video was published by the IRS. Students and others often get part-time or seasonal jobs to earn extra money or to save for later. But many people don't know that they may have to report and pay taxes on their income. When you start a job, you need to fill out a Form W-4, which [...]