groupbgc.com RSS Feed http://groupbgc.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Mar 2021 09:00:00 -0600 Mon, 01 Mar 2021 09:00:00 -0600 Tax Breaks for Families With Children http://www.groupbgc.com/newsletter.php#3 If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Mon, 01 Mar 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#3 Small Business Tax Roundup http://www.groupbgc.com/newsletter.php#4 In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax provisions affecting businesses. Mon, 01 Mar 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#4 Renting Out a Second Home http://www.groupbgc.com/newsletter.php#2 Tax rules on rental income from second homes can be confusing, especially if you rent the home out for several months of the year and also use the home yourself. Mon, 01 Mar 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#2 Capital Gains Tax on Sale of Stocks http://www.groupbgc.com/newsletter.php#5 If you made money last year buying and selling stocks, you may owe capital gains tax. Mon, 01 Mar 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#5 Avoiding an IRS Tax Audit http://www.groupbgc.com/newsletter.php#1 With taxes becoming more complicated every year, there is an even greater possibility of tax confusion turning into a tax mistake and an IRS audit. Avoiding "red flags" like these could help. Mon, 01 Mar 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#1 What's New for 2020 Tax Returns http://www.groupbgc.com/newsletter.php#2 Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#2 Taxable vs. Nontaxable Income http://www.groupbgc.com/newsletter.php#5 Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#5 Tax Filing Season Starts February 12 http://www.groupbgc.com/newsletter.php#1 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#1 Social Security Benefits and Taxes: The Facts http://www.groupbgc.com/newsletter.php#4 Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#4 Employer Tax Credit Extended for Payroll Workers http://www.groupbgc.com/newsletter.php#3 Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 http://www.groupbgc.com/newsletter.php#3