Caven & Associates, Inc.

Serving Small to Medium Size Businesses and Individuals since 1977

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About Us
Firm Profile
Client Services
Make A Payment
Where Is My Refund
Links
Contact Us

Where Is My Refund

Please click the button below and it will redirect you to the offical IRS website page “Where Is My Refund”.

TAX NEWS

Social Security Changes for 2020

More than 69 million Social Security beneficiaries will receive a cost-of-living adjustment (COLA) of 1.6% starting with the December 2019 benefits, which are payable in January 2020. This COLA adjustment is less than the 2.8% increase last year (Social Security Administration Press Release and Fact Sheet, 10/10/19; https://www.ssa.gov/news/press/factsheets/colafacts2019.pdf). However, for many Social Security recipients, the [...]
More Guidance on ABLE Accounts

ABLE accounts are special savings accounts for certain disabled individuals that can be used without causing the loss of government benefits related to the disability. In 2018, the IRS indicated it would issue proposed regulations on these accounts (Notice 2018-58), and now it has done so (REG-128246-18, 10/9/19). The proposed regulations generally follow what the [...]
More Guidance on Virtual Currency

In 2014, the IRS said that virtual currency, such as Bitcoin, is property and not currency (Notice 2014-21). Thus, individuals receiving payments in cryptocurrency held for investment means reporting them as property transactions on Form 8949 and Schedule D. Now the IRS has provided additional guidance by posting 43 FAQs (https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions). It also issued a [...]
Rental Real Estate Safe Harbor for the QBI Deduction

For owners of pass-through entities to claim the 20% qualified business income (QBI) deduction, they must be in a trade or business. When it comes to real estate activities, it’s sometimes difficult to determine whether they are a business or merely investments. The IRS has created a safe harbor that can be used show that [...]

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RT @PeteBlackburn: JONATHAN QUICK IS HERE AND HE IS MAD https://t.co/EoMSfIA6sF

h J R

@cavenassociates

- 3.0992850393201 year ago

RT @IRSnews: RT @IRS_Patricia: Did you file an extension this year? Check this tax tip if you have yet to file. Oct. 17 deadline https://t.…

h J R

@cavenassociates

- 3.0997370624049 year ago

RT @IRSnews: #IRS: Check your #tax withholding as 2016 winds down. Consider adjusting. New factors may delay refunds in ‘17 https://t.co/g4…

h J R

@cavenassociates

- 3.0997377917301 year ago

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