https://ptacekfinancial.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Jun 2026 09:00:00 +0000 Mon, 01 Jun 2026 09:00:00 +0000 https://www.ptacekfinancial.com/newsletter.php#1 Investors often look to small, emerging companies for portfolio diversification and growth potential, but these investments can offer more. Certain shares may also provide valuable tax advantages under the qualified small business (QSB) stock rules. Tax legislation signed into law in 2025, commonly known as the One Big Beautiful Bill Act (OBBBA), enhanced those benefits. Mon, 01 Jun 2026 09:00:00 +0000 https://www.ptacekfinancial.com/newsletter.php#1 https://www.ptacekfinancial.com/newsletter.php#2 When business owners think about risk, they often focus on market pressures or operational challenges. An IRS audit usually isn't top of mind - but it can be costly, disruptive and time-consuming. Although some taxpayers are randomly selected for an audit, many audits occur because the IRS has identified certain patterns or inconsistencies. Understanding where these risks typically arise can help you limit your business's exposure. Mon, 01 Jun 2026 09:00:00 +0000 https://www.ptacekfinancial.com/newsletter.php#2 https://www.ptacekfinancial.com/newsletter.php#3 If your business is like many today, you're seeking more ways to attract and retain talent. One option is to offer tax-advantaged educational assistance under Internal Revenue Code Section 127. Recent legislative changes have expanded the value of this benefit. Mon, 01 Jun 2026 09:00:00 +0000 https://www.ptacekfinancial.com/newsletter.php#3 https://ptacekfinancial.com/blog.php?id=173 The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes. Mon, 20 Apr 2020 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=173 https://ptacekfinancial.com/blog.php?id=172 Here is what to do to get your Economic Impact Payment if you are a non-tax filer. Thu, 16 Apr 2020 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=172 https://ptacekfinancial.com/blog.php?id=171 Find out who, what, how, and how much regarding the stimulus checks. Mon, 06 Apr 2020 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=171 https://ptacekfinancial.com/blog.php?id=170 Can your tax refund be garnished? Sun, 15 Mar 2020 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=170 https://ptacekfinancial.com/blog.php?id=169 Securely upload your tax documents to one of our tax professionals. Sun, 16 Feb 2020 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=169 https://ptacekfinancial.com/blog.php?id=168 What documents do you need to bring when you meet with your tax preparer? Sun, 09 Feb 2020 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=168 https://ptacekfinancial.com/blog.php?id=167 What are the tax consequences of selling a home? Mon, 06 Jan 2020 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=167 https://ptacekfinancial.com/blog.php?id=166 When should I claim Social Security benefits? Mon, 30 Dec 2019 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=166 https://ptacekfinancial.com/blog.php?id=165 An update 12 days of tax tips for the Christmas season. Mon, 16 Dec 2019 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=165 https://ptacekfinancial.com/blog.php?id=164 When filing your state income tax, it is important that you file in the correct state. Mon, 02 Dec 2019 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=164 https://ptacekfinancial.com/blog.php?id=163 New W4 to be rolled out in 2020. Tue, 19 Nov 2019 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=163 https://ptacekfinancial.com/blog.php?id=162 Some tax breaks to members of the armed forces. Mon, 04 Nov 2019 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=162 https://ptacekfinancial.com/blog.php?id=161 If you are a small business owner, you may be able to deduct a portion of your home security system. Mon, 28 Oct 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=161 https://ptacekfinancial.com/blog.php?id=160 If you are trading with Virtual currency, make sure you are claiming your income on your tax return. Mon, 14 Oct 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=160 https://ptacekfinancial.com/blog.php?id=159 Find out if you are eligible to claim the Educator Deduction. Tue, 08 Oct 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=159 https://ptacekfinancial.com/blog.php?id=158 The improvements vs repair debate is difficult. The IRS gives us a couple options to help out. Mon, 23 Sep 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=158 https://ptacekfinancial.com/blog.php?id=157 The marriage penalty happens when a couple filing Married Filing Joint ends up having a higher tax burden than if the couple filed separately. Wed, 04 Sep 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=157 https://ptacekfinancial.com/blog.php?id=156 Certain taxpayers must file Form 2290, Heavy Highway Vehicle Use Tax Return if a taxable highway motor vehicle is registered in your name and has a taxable gross weight of 55,000 pounds or more. Anybody that must pay tax on 25 or more vehicles during the period is required to file electronically. Tue, 20 Aug 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=156 https://ptacekfinancial.com/blog.php?id=155 Find out a way to maximize your charitable contributions. Wed, 07 Aug 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=155 https://ptacekfinancial.com/blog.php?id=154 Now is a good time to do a mid-year check-up for your withholdings. Mon, 29 Jul 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=154 https://ptacekfinancial.com/blog.php?id=153 Have you received a CP2000 notice, that the IRS found an issue in your tax return? Tue, 16 Jul 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=153 https://ptacekfinancial.com/blog.php?id=152 What taxes do you owe if any for your side hustle? Mon, 08 Jul 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=152 https://ptacekfinancial.com/blog.php?id=151 Our elder's are many times victims of financial abuse. Mon, 17 Jun 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=151 https://ptacekfinancial.com/blog.php?id=150 If you are receiving military retirement income, this income is tax exempt in the state of ND. Mon, 10 Jun 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=150 https://ptacekfinancial.com/blog.php?id=149 You can exclude a portion of the gain of the sale of your home if you meet certain requirements. Tue, 04 Jun 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=149 https://ptacekfinancial.com/blog.php?id=148 There are currently several tax preparation software packages you can purchase online to file your taxes. Some of the big ones are H & R Block and Turbo Tax. Mon, 20 May 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=148 https://ptacekfinancial.com/blog.php?id=147 Putting your children to work for your business this summer. Tue, 14 May 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=147 https://ptacekfinancial.com/blog.php?id=146 Job share income is taxable. Some of expenses are deductible as well. Mon, 06 May 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=146 https://ptacekfinancial.com/blog.php?id=145 Filing an extension to file your taxes is relatively easy. The hard part is to remember you are not filing an extension to pay your taxes, only to file them. Wed, 10 Apr 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=145 https://ptacekfinancial.com/blog.php?id=143 The Tax Cuts and Jobs Act of 2017 brought changes across the board, but one of the biggest changes was to how credits and deductions for children are handled. Sun, 24 Mar 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=143 https://ptacekfinancial.com/blog.php?id=142 Create a secure account on Ptacek Financial Services Client Portal to upload tax information safely and securely. This allows you to get your information to PFS without having to find time during your busy day to stop at the office during business hours! The process takes only a few minutes and as soon as you are approved you can upload your files! Mon, 18 Mar 2019 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=142 https://ptacekfinancial.com/blog.php?id=141 How to avoid the withholding penalty. Tue, 05 Feb 2019 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=141 https://ptacekfinancial.com/blog.php?id=140 A simplified listing of documents to bring with you to your tax preparation appointment. Mon, 28 Jan 2019 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=140 https://ptacekfinancial.com/blog.php?id=139 Changes in income taxes for the new year, 2019! Mon, 21 Jan 2019 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=139 https://ptacekfinancial.com/blog.php?id=138 Twelve days of tax tips at Christmas time to put you in the tax season mode. This is updated from last year's version to include new rules from the Tax Cuts and Jobs Act. Tue, 11 Dec 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=138 https://ptacekfinancial.com/blog.php?id=137 Does the changes made by the Tax Cuts and Jobs Act of 2017 change how you should run your business? Thu, 29 Nov 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=137 https://ptacekfinancial.com/blog.php?id=136 The Tax Cuts and Jobs Act of 2017 created a new Qualified Business Income Deduction. For small business owners, this may be a big help on your tax return. Tue, 06 Nov 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=136 https://ptacekfinancial.com/blog.php?id=135 The Tax Cuts and Jobs Act has changed the amount that can be deducted on your tax return for Qualifying Relatives. Mon, 22 Oct 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=135 https://ptacekfinancial.com/blog.php?id=134 Find out about a career in accounting and the outlook going forward. Mon, 15 Oct 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=134 https://ptacekfinancial.com/blog.php?id=133 Compare the benefits and drawbacks of the an FSA and an HSA. Mon, 08 Oct 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=133 https://ptacekfinancial.com/blog.php?id=132 Here are a couple of options to help prepare financially for college. Mon, 01 Oct 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=132 https://ptacekfinancial.com/blog.php?id=131 Since 1991 some lump sum disability payments have been marked as taxable on Veterans W-2s. These payments should not have been taxable. Read more to find out what to do about it. Mon, 24 Sep 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=131 https://ptacekfinancial.com/blog.php?id=130 IRS Scammers are always trying to get you to pay them money. This blog will tell you how to identify them and what to do to prevent being scammed. Wed, 19 Sep 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=130 https://ptacekfinancial.com/blog.php?id=129 There has been a recent court case regarding when a state is allowed to collect sales tax from a seller. The South Dakota vs Wayfair ruling overturned a 25 year precedent. Mon, 27 Aug 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=129 https://ptacekfinancial.com/blog.php?id=127 Social Security benefits are taxable. How much you pay tax on depends on your income level. Thu, 23 Aug 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=127 https://ptacekfinancial.com/blog.php?id=126 Are you or do you plan on working while collecting Social Security? check out this weeks blog to make sure you are not missing out on your Social Security Benefits. Tue, 14 Aug 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=126 https://ptacekfinancial.com/blog.php?id=125 What do you need to file an amended return? Wed, 01 Aug 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=125 https://ptacekfinancial.com/blog.php?id=124 Look at a late passage of tax credits for 2017. Mon, 23 Jul 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=124 https://ptacekfinancial.com/blog.php?id=123 The Kiddie Tax will be changing in 2018. Check out what is changing and if you need to make changes now to avoid the tax. Mon, 09 Jul 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=123 https://ptacekfinancial.com/blog.php?id=122 Learn the ins and outs of flexible spending accounts offered by your employer. Mon, 25 Jun 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=122 https://ptacekfinancial.com/blog.php?id=121 Tips for farmers filing their tax returns. What to claim, what to deduct and more. Mon, 18 Jun 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=121 https://ptacekfinancial.com/blog.php?id=120 Are proceeds received from crowdfunding taxable? What can you exclude from income and what must be claimed? Mon, 11 Jun 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=120 https://ptacekfinancial.com/blog.php?id=119 What effect do the new tax changes have on the Child Tax Credit? Mon, 04 Jun 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=119 https://ptacekfinancial.com/blog.php?id=118 The 2017 Tax Cuts and Jobs Act has given a boost to accounts for disabled individuals. The accounts were authorized by the Achieving a Better Life Experience Act (ABLE). Tue, 29 May 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=118 https://ptacekfinancial.com/blog.php?id=117 How was the age 65 determines as the common retirement age? Why has the age not changed much considering the life expectancy has increased dramatically. Mon, 21 May 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=117 https://ptacekfinancial.com/blog.php?id=116 The Tax Cuts and Jobs Act, increased the maximum amount you are allowed to deduct on your taxes for charitable contributions. Mon, 14 May 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=116 https://ptacekfinancial.com/blog.php?id=115 Find out if your business is eligible for the Family and Medical Leave credit. Wed, 09 May 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=115 https://ptacekfinancial.com/blog.php?id=114 How long do you need to keep your tax documents? Mon, 30 Apr 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=114 https://ptacekfinancial.com/blog.php?id=113 You want to make sure you are having the right amount withheld from your paycheck. We have a withholding calculator on this website that will help you figure that out. Mon, 16 Apr 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=113 https://ptacekfinancial.com/blog.php?id=112 There is always talk about the tax filing deadline each spring. What happens if you miss it? Do you owe penalties? Can you extend the time you have to file Mon, 09 Apr 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=112 https://ptacekfinancial.com/blog.php?id=111 Some 2017 tax credits were retroactively extended to the beginning of 2017 in February. See if these credits can save you money. Mon, 02 Apr 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=111 https://ptacekfinancial.com/blog.php?id=110 Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. Mon, 26 Mar 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=110 https://ptacekfinancial.com/blog.php?id=109 The Federal Government can withhold a portion of your refund to pay certain agencies. Mon, 19 Mar 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=109 https://ptacekfinancial.com/blog.php?id=108 It is never to early to start saving for your child's college education. We take a look at a few ways to get some tax benefits out of it as well. Mon, 12 Mar 2018 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=108 https://ptacekfinancial.com/blog.php?id=107 Most people know that the longer you wait to claim Social Security the longer larger monthly benefit you will receive. Even with that knowledge only 2% of men and 4% of women wait until 70 to begin collecting Social Security. Almost half of the population starts to collect Social Security as soon as they can at age 62, 42% men and 48% women. Mon, 05 Mar 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=107 https://ptacekfinancial.com/blog.php?id=106 Many people do not realize that there is a penalty if you do not have enough estimated income tax withheld from your paycheck through the year. With the many changes to the tax code for 2018 it may be a good idea to check your withholdings quarterly to make sure you won't get charged a penalty next spring. Mon, 26 Feb 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=106 https://ptacekfinancial.com/blog.php?id=105 There are several situations you would file a tax return, even if you are not required to file. Many times, by not filing you are actually costing yourself some money. Sun, 18 Feb 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=105 https://ptacekfinancial.com/blog.php?id=104 Filing your annual tax return is important, but there are many people in the US who are not required to file a tax return, and many who are not required but should to take advantage of credits or refunds due to them. Mon, 12 Feb 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=104 https://ptacekfinancial.com/blog.php?id=103 One misconception of assisted living or nursing home expense is that it is not tax deductible. Part or all of the assisted living and nursing home expenses are deductible as an itemized medical expense. Sun, 04 Feb 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=103 https://ptacekfinancial.com/blog.php?id=102 Find out how your withholdings for federal income taxes will change in 2018. Mon, 29 Jan 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=102 https://ptacekfinancial.com/blog.php?id=101 We are one month into 2018 but there are still things you can do to change the amount of your 2017 tax refund or tax liability. The easiest way is to make an IRA contribution for the 2017 tax year. How is this done to stay within the IRA and tax rules? Sun, 21 Jan 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=101 https://ptacekfinancial.com/blog.php?id=100 Why use a tax preparer to complete your taxes? What to bring to your tax meeting? These are common questions a lot of tax payers ask Mon, 15 Jan 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=100 https://ptacekfinancial.com/blog.php?id=99 The IRS has announced that tax returns will begin to be accepted on January 29th, a few days later than they were accepted last year. Tue, 09 Jan 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=99 https://ptacekfinancial.com/blog.php?id=98 If you are an employer or someone required to send out 1099s, you have until January 31st to get W2s and the 1099s in the mail. If you plan on sending out your own W2s this year, this blog is for you. Even if you are planning to have PFS fill out this years W2s this is good information to know. We will go over some of the common errors on forms W2. Tue, 02 Jan 2018 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=98 https://ptacekfinancial.com/blog.php?id=97 At this point, there is still a chance that a tax bill will not be passed for tax year 2018. If that is the case, the rules currently in place will continue for next year. We go over some of the dollar changes if this is the case. PFS will update you if a tax bill is passed. Sun, 10 Dec 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=97 https://ptacekfinancial.com/blog.php?id=96 Create a secure account on Ptacek Financial Services Client Portal to upload tax information safely and securely. This allows you to get your information to PFS without having to find time during your busy day to stop at the office during business hours! The process takes only a few minutes and as soon as you are approved you can upload your files! Mon, 27 Nov 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=96 https://ptacekfinancial.com/blog.php?id=95 Christmas and tax year end are both right around the corner, so this week we put together 12 Days of Tax Tips my CPA gave to me. It is a spinoff of the Twelve Days of Christmas to get you in the Christmas spirit as well as help you lower your taxes. Mon, 20 Nov 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=95 https://ptacekfinancial.com/blog.php?id=94 A couple of weeks ago the House of Representatives revealed a 429-page bill to reform the tax code. On last week's blog we looked at some of the changes and on this week's blog we will go through a few more. We look forward to keeping you up to date as this bill goes through Congress. Mon, 13 Nov 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=94 https://ptacekfinancial.com/blog.php?id=93 Last week the House of Representatives revealed a 429-page bill to reform the tax code. Let PFS keep up on the tax changes so you donâ??t have to. We have put together some of the high notes of the document on this weekâ??s blog. We look forward to keeping you up to date as this bill goes through Congress. Mon, 06 Nov 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=93 https://ptacekfinancial.com/blog.php?id=92 It is that time of the year when you are starting to think about Christmas gifts. Maybe it is a gift to show your business associates that your relationship means a lot to you. The tax code has some rules around how much can be deducted for gifts but on this weekâ??s blog we will work on getting the most tax savings out of these gifts. Sun, 29 Oct 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=92 https://ptacekfinancial.com/blog.php?id=91 Over the last few weeks we have posted about bookkeeping and other services for seniors. One of the reasons is because elder financial abuse is a growing problem. Mon, 23 Oct 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=91 https://ptacekfinancial.com/blog.php?id=90 â?? Social Security benefits are set to rise by more than 2% this year due to an increased cost of living. With that in mind, on this weekâ??s blog we will take a look at how you can get the most out of your Social Security benefits. Tue, 17 Oct 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=90 https://ptacekfinancial.com/blog.php?id=89 Are you a small business employer with between 2-50 employees? Are you looking for a way to help your employees with medical expenses and insurance premiums? Mon, 09 Oct 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=89 https://ptacekfinancial.com/blog.php?id=88 Do you want to view your tax payoff amount or see your tax payment history? The IRS has added capabilities to its online account tool launched last year. Mon, 02 Oct 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=88 https://ptacekfinancial.com/blog.php?id=87 With the change to the FAFSA filing last year to the fall, it is about time to file FAFSA for your childâ??s schooling. FAFSA filing starts October 1st and uses the results from the tax return you filed last spring. This week we give some tips to help you get the most out of your financial aid applications. Mon, 31 Jul 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=87 https://ptacekfinancial.com/blog.php?id=86 This week?s blog is great for people employed for the first time, are thinking about starting their first job, or anyone that wants a refresher on what is being deducted from their paycheck. A lot of times your ?take home? pay isn?t even half of the amount you earned. Sun, 23 Jul 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=86 https://ptacekfinancial.com/blog.php?id=85 : As of right now the tax code that is in effect now will be in effect at the end of the year when it is time to file your taxes. On this week?s blog we will look at the rates, brackets, deductions, exemptions and more for 2017 baring any major changes by congress. Sun, 16 Jul 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=85 https://ptacekfinancial.com/blog.php?id=84 : Looking for extra income this summer? Renting out your residential or vacation property for a week or two during the year, may help out. The best part is, you may not have to report any of the income on your tax return. Mon, 10 Jul 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=84 https://ptacekfinancial.com/blog.php?id=83 North Dakota winters can be brutal. When we get nice weather like this, it is great to be outside! This week my blog takes a look at fun summer time tax breaks. You can get outside have some fun and lower your taxes in the process! Wed, 05 Jul 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=83 https://ptacekfinancial.com/blog.php?id=82 Income tax is not the only way governments collect money. Many states and local governments collect money by collecting sales tax on nearly everything you purchase. North Dakota does have a statewide general sales tax rate of 5%. There are some exemptions to this and there are also times you will pay more than 5% sales tax. Mon, 26 Jun 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=82 https://ptacekfinancial.com/blog.php?id=81 One thing many people don?t realize about tips is, tip income is taxable. Whether it be in the form of cash or another non-monetary item such as a ticket. This week we go over what you need to know, if you receive tips at your job. Mon, 19 Jun 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=81 https://ptacekfinancial.com/blog.php?id=80 A college education can be expensive and intimidating. The average student in 2016 graduated with $37,172 in student loan debt. With no significant changes in sight to decrease the cost of a college education, what can you do yourself to help make the financial aspect of a college education less intimidating? Sun, 11 Jun 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=80 https://ptacekfinancial.com/blog.php?id=79 Many high school graduations have completed over the last several weeks. A lot of students know what they want to do after high school whether it be work or go to college, however there are a few that do not. There are others who are wanting a career change. Sat, 03 Jun 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=79 https://ptacekfinancial.com/blog.php?id=78 June is almost here and that means wedding season. Wedding planning takes months, but one thing normally not included in wedding planning is tax planning do to your change in marital status. Not planning for changes in taxes can be very hard on a new marriage. Tue, 30 May 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=78 https://ptacekfinancial.com/blog.php?id=77 A law was passed in 2015 requiring the IRS to use Private Debt Collectors on certain outstanding tax debts. This may lead to new scammers. Tue, 23 May 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=77 https://ptacekfinancial.com/blog.php?id=76 Knowing the difference between an independent contractor and an employee can save you a lot of headaches and tax money. Mon, 15 May 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=76 https://ptacekfinancial.com/blog.php?id=75 The end of the tax season stats have been released by the IRS. In this week?s blog we go over some of the high points and compare the stats to last tax season. Tue, 09 May 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=75 https://ptacekfinancial.com/blog.php?id=74 On Wednesday, President Trump, un-veiled his broad tax plans. Mon, 01 May 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=74 https://ptacekfinancial.com/blog.php?id=73 Do you have a small part time job in the summer to earn some extra money? Find out what you should expect on your tax return next year. Tue, 25 Apr 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=73 https://ptacekfinancial.com/blog.php?id=72 Tax returns as well as tax payments need to be postmarked by April 18th. If you want to pay your tax bill by debit or credit card, the IRS allows you to do that as well rather than mailing a check. Mon, 17 Apr 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=72 https://ptacekfinancial.com/blog.php?id=71 A lot of people have small jobs they do on the side for extra income or just as a hobby. These businesses may include services (snow removal, lawn care, etc.) or sales (Scentsy, Norwex, etc.). The IRS treats hobbies and income producing activities different. Mon, 10 Apr 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=71 https://ptacekfinancial.com/blog.php?id=70 If you didn?t pay as high of estimated tax payments or didn?t have enough tax deducted from your paycheck you may owe some taxes this year. What if the amount you owe is more than you can afford right now? Mon, 03 Apr 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=70 https://ptacekfinancial.com/blog.php?id=69 REMEMBER as extension to file is not an extension to pay. On this blog, I will go over the options of how you can file an extension as well as anything else you may need to know. Sun, 26 Mar 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=69 https://ptacekfinancial.com/blog.php?id=68 Whether you are filing your own taxes or helping a parent or loved one filing theirs, this information will be helpful to make sure you pay as little tax as legally possible. Mon, 20 Mar 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=68 https://ptacekfinancial.com/blog.php?id=67 The number of tax returns which have been received by the IRS as of March 3rd, 2017, is down 8.5% from the same time last year! My blog will go over some of the possible explanations why there have been over 5.5 million less tax returns received by the IRS so far, this year. I will also touch on why waiting to file, may not be in your best interest. Mon, 13 Mar 2017 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=67 https://ptacekfinancial.com/blog.php?id=66 Step by step guide on how to create a secure account on Ptacek Financial Services? Client Portal to upload tax information safely and securely. This allows you to get your information to PFS without having to find time during your busy day to stop at the office during business hours! Mon, 06 Mar 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=66 https://ptacekfinancial.com/blog.php?id=65 We go over some of the most simple and common errors typically found on a tax return. Mon, 27 Feb 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=65 https://ptacekfinancial.com/blog.php?id=64 By filing a tax return, even if you are not required to, you may be eligible for free money. It comes in the form of the Earned Income Credit. This is a refundable credit which means you can get a tax refund even if you didn?t have to pay any taxes this year! Mon, 20 Feb 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=64 https://ptacekfinancial.com/blog.php?id=63 How do I determine if I can deduct an expense on my small business or if I must depreciate the expense over several years? The de minimis safe harbor rule will help guide you through that decision. Sun, 12 Feb 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=63 https://ptacekfinancial.com/blog.php?id=62 What to know about tax preparation software. Tue, 07 Feb 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=62 https://ptacekfinancial.com/blog.php?id=61 Do I need to bring all of my receipts to my tax preparer? What about all the other letters I receive in the mail that say "Important Tax Information enclosed"? Sat, 28 Jan 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=61 https://ptacekfinancial.com/blog.php?id=60 Keeping adequate records for traveling expenses to audit proof your tax return. Wed, 25 Jan 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=60 https://ptacekfinancial.com/blog.php?id=59 Securely and quickly upload your files to PFS for tax preparation. Mon, 16 Jan 2017 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=59 https://ptacekfinancial.com/blog.php?id=58 Has the due date you have to file your income tax return changed? Mon, 31 Oct 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=58 https://ptacekfinancial.com/blog.php?id=57 Notice CP2000 scam letter claiming you owe cash to the IRS. Mon, 26 Sep 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=57 https://ptacekfinancial.com/blog.php?id=56 The US Department of Labor will begin enforcing new rules relating to overtime on December 1st 2016. Thu, 22 Sep 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=56 https://ptacekfinancial.com/blog.php?id=55 Do you have to file a tax return for reconciliation of your Advance Payment for Premium Tax Credit? Tue, 13 Sep 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=55 https://ptacekfinancial.com/blog.php?id=54 The last section of the Individual Income Tax Return Form 1040. Fri, 09 Sep 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=54 https://ptacekfinancial.com/blog.php?id=53 Part six of form 1040, Other Taxes section. Tue, 02 Aug 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=53 https://ptacekfinancial.com/blog.php?id=52 What tax credits are you eligible for? Thu, 14 Jul 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=52 https://ptacekfinancial.com/blog.php?id=51 How do I find my taxable income? Tue, 21 Jun 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=51 https://ptacekfinancial.com/blog.php?id=50 How do you figure your Adjusted Gross Income? Tue, 07 Jun 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=50 https://ptacekfinancial.com/blog.php?id=49 Part two of 1040 discussion. Fri, 03 Jun 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=49 https://ptacekfinancial.com/blog.php?id=48 Line by line description of what the numbers on your income tax return mean. Tue, 24 May 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=48 https://ptacekfinancial.com/blog.php?id=47 Why am I receiving Form 5498 in May?!? Thu, 19 May 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=47 https://ptacekfinancial.com/blog.php?id=46 Can you deduct medical expenses paid by you for your elderly parents or other relatives? Tue, 17 May 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=46 https://ptacekfinancial.com/blog.php?id=45 How you can fund your IRA with your tax refund. Tue, 10 May 2016 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=45 https://ptacekfinancial.com/blog.php?id=44 Wed, 20 Jan 2016 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=44 https://ptacekfinancial.com/blog.php?id=43 Tue, 12 Jan 2016 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=43 https://ptacekfinancial.com/blog.php?id=42 It is the individual?s responsibility to report changes for Social Security. Tue, 05 Jan 2016 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=42 https://ptacekfinancial.com/blog.php?id=41 Send tax documents securely to Ptacek Financial from the comfort of your home or office. Tue, 29 Dec 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=41 https://ptacekfinancial.com/blog.php?id=40 Do you need to take a required distribution from your retirement plan? Tue, 22 Dec 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=40 https://ptacekfinancial.com/blog.php?id=39 Tax credits and deductions to help with college, see which is the best for you. Tue, 15 Dec 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=39 https://ptacekfinancial.com/blog.php?id=38 Ideas to help small business owners keep their hard earned money. Tue, 08 Dec 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=38 https://ptacekfinancial.com/blog.php?id=37 Wed, 02 Dec 2015 03:01:15 +0000 https://ptacekfinancial.com/blog.php?id=37 https://ptacekfinancial.com/blog.php?id=36 Tue, 24 Nov 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=36 https://ptacekfinancial.com/blog.php?id=35 Tue, 17 Nov 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=35 https://ptacekfinancial.com/blog.php?id=34 Tue, 10 Nov 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=34 https://ptacekfinancial.com/blog.php?id=33 Mon, 02 Nov 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=33 https://ptacekfinancial.com/blog.php?id=32 Designed to help make health care coverage more affordable Tue, 27 Oct 2015 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=32 https://ptacekfinancial.com/blog.php?id=31 Ways to keep employees motivated Tue, 03 Mar 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=31 https://ptacekfinancial.com/blog.php?id=30 Individuals who enrolled in certain insurance policies have received errors in their tax information Tue, 24 Feb 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=30 https://ptacekfinancial.com/blog.php?id=29 The House has voted to make permanent section 179 at $500,000. Wed, 18 Feb 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=29 https://ptacekfinancial.com/blog.php?id=28 New scam alert has been issued. Tue, 10 Feb 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=28 https://ptacekfinancial.com/blog.php?id=27 Reminder to taxpayers to bring in their 1095-A health care forms. These are important for filing tax returns Tue, 03 Feb 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=27 https://ptacekfinancial.com/blog.php?id=26 Organizations with gross receipts under $50,000 are required to submit for 990-N Fri, 30 Jan 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=26 https://ptacekfinancial.com/blog.php?id=25 The IRS wants individuals to be aware of recent scams going around. Tue, 27 Jan 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=25 https://ptacekfinancial.com/blog.php?id=24 The IRS is going to be holding funds on returns with American Opportunity tax credits. Thu, 22 Jan 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=24 https://ptacekfinancial.com/blog.php?id=23 January 20th is the day that e-files can be sent in for returns Tue, 20 Jan 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=23 https://ptacekfinancial.com/blog.php?id=22 Updated information on tax changes for 2014 filing year Fri, 16 Jan 2015 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=22 https://ptacekfinancial.com/blog.php?id=21 The updated mileage rates for 2015 are now available Tue, 23 Dec 2014 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=21 https://ptacekfinancial.com/blog.php?id=20 individual retirement arrangements and workplace retirement plans Thu, 11 Dec 2014 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=20 https://ptacekfinancial.com/blog.php?id=19 good information about year-end gifts and gifts to charity Thu, 04 Dec 2014 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=19 https://ptacekfinancial.com/blog.php?id=17 New information on Social Security benefits Fri, 14 Nov 2014 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=17 https://ptacekfinancial.com/blog.php?id=16 See if you are eligible and learn more about loan consolidation. Fri, 31 Oct 2014 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=16 https://ptacekfinancial.com/blog.php?id=15 Pay your tax bill directly on the IRS website Wed, 24 Sep 2014 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=15 https://ptacekfinancial.com/blog.php?id=14 Summer = weddings = changes Mon, 28 Jul 2014 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=14 https://ptacekfinancial.com/blog.php?id=13 IRS will stop mailing payroll forms. Tue, 10 Jun 2014 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=13 https://ptacekfinancial.com/blog.php?id=12 Certain contributions will allow a 40% ND credit Tue, 03 Jun 2014 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=12 https://ptacekfinancial.com/blog.php?id=11 Tax reasons to invest in municipal bonds. Source: Small Business Tax Strategies June 2013 Vol. 8 No. 6 Tue, 27 May 2014 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=11 https://ptacekfinancial.com/blog.php?id=10 Factors for collecting social security Wed, 21 May 2014 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=10 https://ptacekfinancial.com/blog.php?id=9 Description of what the additional medicare tax is and who is affected. Tue, 13 May 2014 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=9 https://ptacekfinancial.com/blog.php?id=8 New tax after 12-31-12 on investment income. Tue, 06 May 2014 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=8 https://ptacekfinancial.com/blog.php?id=7 Maximum Section 179 is at a high for 2013 Mon, 17 Feb 2014 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=7 https://ptacekfinancial.com/blog.php?id=6 IRS is allowing a Safe Harbor approach to the Home Office Deduction Mon, 03 Feb 2014 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=6 https://ptacekfinancial.com/blog.php?id=5 Send us your tax information securely! Mon, 20 Jan 2014 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=5 https://ptacekfinancial.com/blog.php?id=4 Value of Used Clothing to Charity Thu, 07 Nov 2013 15:00:00 +0000 https://ptacekfinancial.com/blog.php?id=4 https://ptacekfinancial.com/blog.php?id=3 What affects me now? Thu, 31 Oct 2013 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=3 https://ptacekfinancial.com/blog.php?id=2 Check out Bank of ND's College SAVE Plan Thu, 17 Oct 2013 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=2 https://ptacekfinancial.com/blog.php?id=1 IRS Rules on Same-Sex Marriage Thu, 10 Oct 2013 14:00:00 +0000 https://ptacekfinancial.com/blog.php?id=1