Expert Perspectives

Squire provides complete and personalized accounting solutions to meet your individual needs.

Expert Perspectives

Squire provides complete and personalized accounting solutions to meet your individual needs.

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Category: Tax

Summer Employment For Your Child

Summer Employment For Your Child

Summer is almost here, and your children may be looking for a summer job. The standard deduction for single individuals increased from $12,550 in 2021 to $12,950 in 2022, meaning your child can now make up to $12,950 from working […]
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Foreign Income and Tax Reporting Issues

Foreign Income and Tax Reporting Issues

Article Highlights: Non-Resident Alien Spouse Foreign Rentals Foreign Pensions Foreign Income Exclusion FBAR Statement of Specified Foreign Financial Assets Credit of Foreign Tax Paid Canadian Registered Retirement Savings & Income Plans Reporting Receipt of Foreign Gifts or Bequests Reporting Ownership […]
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Inheritances Enjoy a Special Tax Benefit

Inheritances Enjoy a Special Tax Benefit

You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if they sell inherited property. When an individual sells property, […]
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You May Need to File Estimated Tax Payments

You May Need to File Estimated Tax Payments

Estimated tax payments are not just for the self-employed. They are for anyone whose withholding and tax credits are significantly less than their projected tax liability, and if used properly, can protect a taxpayer from underpayment penalties. Employees who will […]
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