Tax Tips

FICA Taxes That Are Withheld: Social Security & Medicare

There are two components on FICA tax that are withheld from your payroll check, Social Security and Medicare. You’ll want to know how to calculate and withhold your payroll taxes and one of those is FICA. Both employees and employers …

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IRS Announces Tax Relief For Natural Disaster Victims In Michigan

natural disaster tax break

The IRS announces tax relief for victims of severe storms, flooding, and tornadoes in Michigan. According to, Michigan victims of storms, flooding, and tornadoes that began June 25, 2021, now have until November 1, 2021, to file various individual and …

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The Kiddie Tax: What You Need to Know

kiddie tax 2020

2020: The Year of Unemployment Did your child collect unemployment this year? Your family may be impacted by a lesser-known piece of the Internal Revenue Code aptly labeled the “Kiddie Tax”. The Kiddie Tax was implemented by the Internal Revenue …

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Prepare Your 2020 Tax Return With Our 1040 Checklist

CPA Nerds 1040 Checklist

After the long year, 2020 is finally over and that means it is time for tax season. The COVID-19 pandemic has changed the economic landscape for just about everyone. Some of these changes may directly affect your 2020 income tax …

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Employee Retention Tax Credit (ERTC) Information to Know

CPA ERTC credit

The CARES Act (passed March 27, 2020) included a novel tax credit allowing eligible employers to claim a tax credit equal to 50% of qualifying wages, up to $10,000 of compensation, for a max credit of $5,000 per employee for …

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4 Popular Tax Questions Regarding Extensions


Tax Extension Questions 2020 has been a wild ride so far! While protecting your health, did you forget to file your taxes? Have no fear, because CPA Nerds is here to remind you of a few important things. In this …

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Tax Dates You Need To Know

6 Upcoming Tax Dates For Your Knowledge As we approach the end of tax season, there are a number of important dates you should be aware of. We’ve compiled a list of 6 upcoming tax dates. Read more to see …

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1040 Checklists Have Been Mailed!

We’ve mailed our 1040 checklist this week in order to help you assemble the necessary information to prepare your personal income tax returns for 2016. If you did not receive your copy or you need an additional copy, you can …

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IRS to Change W-2 & 1099 Filing Deadlines in 2017


Background In an effort to combat fraud, The Protecting Americans from Tax Hikes (PATH) Act of 2015 was passed by Congress and signed by President Obama in December. The act revises the filing deadline for Form W-2 and certain types of Form 1099. The filing changes will begin …

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Three 2015 Income Tax Return Changes

1.  New Email Address for 1040 Tax Returns In order to better serve you, we’ve created a new email address where you can contact us directly regarding the status of your 1040 income tax return. We will review all emails …

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