Bennie R. King, P.C.

Get organized or pay the price when filing your taxes. This year it is more important than ever.

A Time to Organize - Diverse tax reporting makes this year a challenge If your tax records are a bit of a mess, here are some ideas to help to get better organized.

Ouch! The Form 1099 you just received is wrong. Here's what you should do.

What? This Form 1099 is Wrong! - What to do to fix this thorny problem Vendors are not perfect. What should you do when you receive a tax form that is in error?

Look for an IRS letter confirming your economic impact payments and advance child tax payments. Here is what you need to know.

IRS to Send Recap of Economic Impact and Child Tax Payments To help prepare your tax return the IRS announced it will help with payments sent to you. Read on...

Reminder: Q4 estimated taxes are due Tuesday, January 18, 2022.

Reminder: Fourth Quarter Estimated Taxes Now Due - Now is the time to make your estimated tax payment Plan now to make your 4th quarter estimated tax payment.

Advance child tax credit payments, multiple stimulus checks, small business loan forgiveness, and uncertainty on the taxable nature of unemployment income are reasons to read this month's newsletter.

Client Update Newsletter: January 2022 The new year is upon us and so is another tax filing season. With all the late breaking tax law changes, advance payments of the child tax credit, and several stimulus payments, this year's tax return may be a bit chaotic. But your situation does not have to be. Included in this month's newsletter a...

The IRS increased the standard business mileage rates for 2022 by 2.5 cents, to 58.5 cents per mile. Learn more here.

2022 Mileage Rates are Here! - New mileage rates announced by the IRS Here are the standard mileage rates for 2022.

A great way to shelter over $1,000 from tax each year is to leverage the kiddie tax rules. Here is what you need to know.

Leveraging Kiddie Tax Rules - Tax saving tips for parents AND grandparents When done correctly, over $1,000 of unearned income be tax free for each child each year. But only if you know the rules. Here is what you need to know.

Understanding the like kind exchange rules can help you defer tax when buying real estate, but only if you follow the rules.

Postpone Taxes with a Like-Kind Exchange - The real estate boom creates opportunity When buying or selling property, especially real estate, it is good to know and understand this tax deferral technique.

Now is the time to plan next year's retirement contributions.

Plan Your 2022 Retirement Contributions 2022 contribution limits are set for retirement plans. Now is a good time to plan for your upcoming retirement contributions.

There are still a few weeks left in the year to reduce your tax obligation. Here are 15 great ideas.

15 Year-End Tax Tips Here are 15 ideas that may reduce your tax bite for this year. But act soon as the year-end is fast approaching.

In this issue, read about recent tax court cases that may be relevant to you, five great money tips and preparing for surprise business expenses.

Client Update Newsletter: December 2021 In this issue, read about recent tax court cases that have great tax messages for all of us, five great money tips, and ideas to help your business prepare for surprise expenses. Please call if you would like to discuss how this information could impact your situation. If you know someone who could....

Donating your car can be a great tax deduction, while helping a worthwhile cause. But if you are not careful, your donation value could be limited. Here is what you need to know.

Tips to Maximize the Value of a Car Donation - A little mistake could cost you plenty One of the biggest contributions a taxpayer can make is to donate a used automobile. But if not careful, the value of a donated vehicle could be a lot lower than you think.