Category Archives: Taxing Matters

Taxing Matters with Jim Wilson, CPA

Jim Wilson - Taxing Matters

Social Security: What You Do Not Know Can Be Disastrous

Perhaps it is my age, 70, that makes me so cognizant of Social Security benefits (SSA).  Or maybe, it is because some of my schoolmates and close life-long friends are…

Jim Wilson - Taxing Matters

Business or Hobby? It depends.

What is the difference between a business and a hobby?  Sometimes, it is very difficult to make the judgment. IRS Publication 575 defines the difference. Millions of people enjoy hobbies…

Taxing Matters Jim Wilson CPA

Did Tax Filing Season Leave You With Unpaid Tax Debt?

This article assumes you have filed a tax return and there remains an unpaid balance of tax debt. However, as a “word to the wise,” to those who have not…

Taxing Matters Jim Wilson CPA

Are You Really Who You Say You Are? Prove It!

President John F. Kennedy said, “Nothing just happens. It was made to happen.” That is a true statement. Another true statement coined by Sir Isaac Newton (one of the three…

Say What?!

The tax filing deadline is upon us. On April 18 you will either have filed a tax return or, if you are smart, you will have filed an extension of…

Taxing Matters Jim Wilson CPA

While Looking for the Forest, the Trees Obstruct our View

Why do we strain out the knat and swallow the camel?  When the law is plain and the consequences of failure to follow the law are great, there may remain…

Jim Wilson - Taxing Matters

A Focus on What you Ned to Know About Filing Taxes

Mo Roca has a show on Saturday mornings called, “The Mo You Know!” Yes, it is a show for children, but some of the stories he tells are very interesting…

Taxing Matters with Jim Wilson

Child and Dependent Care Tax Credit

If you have children or a dependent individual in your home, do not overlook the Child and Dependent Care Tax Credit. Eligible taxpayers may be able to claim it if…

Jim-Wilson

This Is An Urgent Message. Respond Quickly.

The Internal Revenue Service recently issued IR-2017-50, which indicates a treasure trove of Americans’ tax deposits being held in the United States Treasury. The total has grown to one billion…

Taxing Matters Jim Wilson CPA

Where is My W-2?

According to IRS Tax Tip 2017-20, the Service can you get your W-2 from your employer.  Even though the filing date for W-2 forms was January 31, some forms are…