by The Foncannon Team | Jun 29, 2024 | Uncategorized
Embracing the warmth and adventure of summer offers more than just a chance to relax and enjoy the outdoors; it can also present opportunities to make savvy financial moves that benefit your tax situation. From life changes like getting married, which necessitates a...
by The Foncannon Team | May 30, 2024 | Uncategorized
What does a K-1 form entail? In the United States tax system, certain entities have the option to utilize pass-through taxation, which transfers the responsibility of income tax from the earner to those who benefit from it. The Schedule K-1 form is used to report the...
by The Foncannon Team | May 24, 2024 | Uncategorized
Are there tax breaks for working from home? If you own a small business and use part of your home for work, you may qualify for a tax deduction on your home office. However, should you worry that claiming this deduction will increase your chances of an IRS audit? What...
by The Foncannon Team | Apr 27, 2024 | Uncategorized
Now that the tax season is over (unless you file an extension), it’s the perfect time to organize your tax-related documents. It’s best to keep these documents for at least three years after the due date of your tax return (the IRS usually has this much...
by The Foncannon Team | Mar 20, 2024 | Uncategorized
Every year, the IRS sends out millions of letters to taxpayers, but unfortunately, scammers also send out millions of letters every year. It can be difficult to determine if the letter you just received is real or fake. However, here are seven tips that can help you...
by The Foncannon Team | Jan 27, 2024 | Uncategorized
In an ongoing effort to bolster security measures, the Internal Revenue Service (IRS) and their partners from the Security Summit initiative are reminding taxpayers about the opportunity to enhance their protection against identity theft during the 2024 tax...
