Taxes Archives - Page 13 of 131

Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill
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Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill

Bookkeeping, Compliance, Corporate Taxes, Debt, Interest, IRS, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes

Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill

This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill. Notice 2025-57 provides penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in [...]

cozbycpa2025-11-05T10:59:33-05:00November 5th, 2025|Categories: Bookkeeping, Compliance, Corporate Taxes, Debt, Interest, IRS, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, how are businesses required to report car loan interest under the One Big Beautiful Bill, no tax on car loan interest, One Big Beautiful Bill provisions, Plymouth MA tax accountant|

Closed Quarter and Year Payroll Corrections in QuickBooks Online Payroll Core, Premium, and Elite
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Closed Quarter and Year Payroll Corrections in QuickBooks Online Payroll Core, Premium, and Elite

Accounting, Bookkeeping, IRS, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Amendments, Tax Tips, Taxes, Videos, Year End

Closed Quarter and Year Payroll Corrections in QuickBooks Online Payroll Core, Premium, and Elite

Good news from the QuickBooks Online world! You can now adjust and create payrolls in the past, even in closed quarters or a closed year. This means you can record or edit past checks, void checks, or void direct deposits. If you wrote a manual check and forgot to record it, there's no longer any need [...]

cozbycpa2025-11-03T10:21:20-05:00November 3rd, 2025|Categories: Accounting, Bookkeeping, IRS, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Amendments, Tax Tips, Taxes, Videos, Year End|Tags: Closed quarter and year payroll corrections in QuickBooks Online Payroll Core, Cozby & Company, CPA Heather Cozby, how to make closed quarter and year payroll corrections, how to request amended tax filing forms from QuickBooks, Plymouth MA accountant, QuickBooks Online updates|

How to Add the Taxes You’ve Already Paid This Year to QuickBooks Payroll
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How to Add the Taxes You’ve Already Paid This Year to QuickBooks Payroll

Accounting, Bookkeeping, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Payments, Tax Tips, Taxes, Videos, Year End, YouTube

How to Add the Taxes You’ve Already Paid This Year to QuickBooks Payroll

Make sure you're ready for year-end! If you’ve already paid employees this year, you’ll need to tell QuickBooks which payroll taxes you’ve paid so far. This keeps QuickBooks from paying any taxes you’ve already paid. Before you start, you’ll need to have your tax payment receipts or payroll liability reports from your previous payroll service showing [...]

cozbycpa2025-10-27T10:19:31-04:00October 27th, 2025|Categories: Accounting, Bookkeeping, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Payments, Tax Tips, Taxes, Videos, Year End, YouTube|Tags: Cozby & Company, CPA Heather Cozby, how to add the taxes you've already paid this year to QuickBooks Payroll, payroll liability reports, Plymouth MA tax accountant, QuickBooks video tutorial, tax payment receipts|

A Change in Marital Status Affects Tax Filing
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A Change in Marital Status Affects Tax Filing

Compliance, IRS, Personal Finance, Personal Taxes, Tax Tips, Taxes

A Change in Marital Status Affects Tax Filing

This article was published by the IRS. A change in a couple’s marital status, such as a separation or divorce, affects their tax situation. The IRS considers a couple married, for tax filing purposes, until they get a final decree of divorce or separate maintenance. Update tax withholding When a taxpayer divorces or separates, a new [...]

cozbycpa2025-10-22T10:44:11-04:00October 22nd, 2025|Categories: Compliance, IRS, Personal Finance, Personal Taxes, Tax Tips, Taxes|Tags: are child support payments deductible by the payer, are child support payments taxable to the payee, are property transfers related to divorce reported on a gift tax return, Cozby & Company, CPA Heather Cozby, do payments apply to alimony or child support first, how to report property transfers due to a divorce, IRS Tax Withholding Estimator, Plymouth MA tax accountant, rules related to dependent children and support after divorce or separation, tax treatment of alimony and separate maintenance|

Tax Obligations of U.S. Individuals Living and Working Abroad
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Tax Obligations of U.S. Individuals Living and Working Abroad

Compliance, Government, IRS, IRS Video, Personal Taxes, Tax Credits, Tax Tips, Taxes, Videos, YouTube

Tax Obligations of U.S. Individuals Living and Working Abroad

This IRS webinar specifies the U.S. income tax obligations of U.S. citizens and residents abroad; lists the requirements for claiming the foreign earned income exclusion; and summarizes the U.S. employment tax obligations of U.S. citizens and residents abroad. This is a topic that can cause a lot of confusion among taxpayers, especially among those living or [...]