Tax Blog Archives - Dimov Tax & CPA Services

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December 23, 2025

Local support for people you care about

December 23, 2025

Local support for people you care about

December 23, 2025

Local support for people you care about

December 23, 2025

Local support for people you care about

December 23, 2025

Local support for people you care about

December 23, 2025

Person typing on a laptop at a café table with a coffee mug nearby, estimating how long $ 500,000 will last in a 401(k).

Tax Blog

How Long Will $500,000 in a 401(k) Last at Retirement?

December 12, 2025

Financial planning meeting at a desk with a laptop and notebook, discussing how much can i take out with 72(t).

Tax Blog

How Much Can I Take Out With 72(t)?

December 12, 2025

Professional reviewing paperwork beside a laptop at a desk, staying productive while working and taking a 72(t) distribution.

Tax Blog

Can You Work While Taking a 72(t) Distribution?

December 12, 2025

Person typing on a laptop at a wooden desk next to a notebook and pen, researching the 72(t) age requirement.

Tax Blog

At What Age Can You Start a 72(t)?

December 12, 2025

Hands typing on a laptop at a desk with paperwork and coffee, working on a 72(t) distribution plan.

Tax Blog

What Is a 72(t) Distribution?

December 12, 2025

Tax professional reviewing business expense notes on a laptop while working on Schedule C.

Tax Blog

Schedule C – Profit or Loss From Business: Complete IRS Filing Guide (2025)

December 10, 2025

Close-up of hands on laptop keyboard entering interest and dividend income on Schedule B.

Tax Blog

How to File Schedule B – Interest and Ordinary Dividends

December 10, 2025

Taxpayer working on Schedule A on a laptop at a bright, minimalist workspace.

Tax Blog

Schedule A – Itemized Deductions: Complete IRS Filing Guide (2025)

December 10, 2025

Person typing on a laptop to review Form 940 IRS Instructions online.

Tax Blog

How to File Form 940 – IRS Instructions + Deadlines

December 10, 2025

Business professional reviewing charts and graphs on a basic net worth statement at a wooden desk.

Tax Blog

What Is the Basic Net Worth Statement?

December 9, 2025

Professional reviewing a printed statement showing a net worth of 1 million.

Tax Blog

How Many Americans Have a Net Worth of $1,000,000?

December 9, 2025

Professional drafting a statement of net worth on a laptop at a wooden table.

Tax Blog

How to Write a Statement of Net Worth

December 9, 2025

Colleagues discussing finances and editing a net worth statement template on a laptop.

Tax Blog

Net Worth Statement Template: How to Use It & Why It Matters

December 9, 2025

Business professional sketching a growth chart during a meeting to prove your net worth.

Tax Blog

How Do You Prove Your Net Worth?

December 8, 2025

Person holding a pen at a desk with a laptop and notebook while preparing a net worth certificate.

Tax Blog

Who Can Certify a Net Worth Certificate?

December 8, 2025

Person reviewing a certificate of net worth next to an open laptop.

Tax Blog

How Do I Get a Certificate of Net Worth?

December 8, 2025

Professional drafting a certified statement of net worth on a laptop at a wooden desk.

Tax Blog

Certified Statement of Net Worth: What It Is & When You Need One

December 8, 2025

Toronto skyline and CN Tower at dusk across the water, symbolizing strategies for tax-free income in Canada.

Tax Blog

How Much Income in Canada Is Tax Free?

December 7, 2025

View of a Toronto park with the CN Tower in the background, representing residency tests like the 90% rule in Canada for taxpayers.

Tax Blog

What Is the 90% Rule in Canada?

December 7, 2025

Person in a red Canada jacket walking through a snowy city street, reflecting the question of why is Canada a high-tax country.

Tax Blog

Why Is Canada So Heavily Taxed?

December 7, 2025

Toronto skyline and CN Tower by the waterfront, illustrating the question: do Canadians pay the highest taxes compared to other countries.

Tax Blog

Do Canadians Pay the Highest Taxes in the World?

December 7, 2025

Crowd gathered in downtown Toronto at night, symbolizing how the tax on 100,000 in Canada affects local residents.

Tax Blog

How Much Tax Do I Pay on $100,000 in Canada?

December 7, 2025

Map of Canada with a pin marking the country, illustrating the question: Are taxes higher in Canada or US for residents and workers.

Tax Blog

Are Taxes Higher in Canada or the USA?

December 6, 2025

American and Canadian flags flying side by side, representing US taxes vs Canada taxes for cross-border taxpayers.

Tax Blog

US Taxes vs Canada Taxes: What’s the Difference in 2025?

December 6, 2025

Close-up of an accountant using a calculator and notebook to review Form 1040 2024 updates and calculate tax figures.

Tax Blog

Form 1040 – Individual Income Tax Return (2024 Updates)

December 6, 2025

Business couple meeting with a tax professional in an office to learn How to file Form SS-4 for their new company.

Tax Blog

How to File Form SS-4: Apply for an EIN

December 6, 2025

Office team working together on paperwork and laptops, learning how to file Form W-9 for business tax reporting.

Tax Blog

How to File Form W-9 – Complete IRS Guide

December 6, 2025

Florida cannabis taxes illustrated by lush green cannabis plants growing closely together in an indoor cultivation setting.

Tax Blog

2025 Florida Cannabis Taxes

November 23, 2025

Florida cannabis excise tax is represented by a small glass jar filled with cannabis buds on a desk with notebooks and a pencil nearby.

Tax Blog

Excise Taxes and the Future of Cannabis in Florida

November 23, 2025

Florida cannabis sales tax represented by silhouetted palm trees against a bright orange sunset sky in Florida.

Tax Blog

Florida Cannabis Sales Tax: 2025 Guide

November 23, 2025

Arizona sales tax represented by a scenic view of the Grand Canyon’s layered red rock cliffs under a cloudy sky.

Tax Blog

Arizona Sales Taxes: Comprehensive Guide to Rates, Rules, and Compliance

November 23, 2025

Arizona excise tax on cannabis illustrated by glass jars tipped over with marijuana buds spilling onto a black surface.

Tax Blog

Arizona Excise Taxes: Rates, Credits, and Compliance Overview

November 23, 2025

Arizona cannabis tax illustrated by a cannabis dispensary storefront at night with illuminated signage and an open sign.

Tax Blog

Arizona Cannabis Taxes: Rates, Revenue, and Rules

November 23, 2025

Figma IPO 2025 concept illustrated by wooden letter tiles spelling IPO on a table with a blurred green background.

Tax Blog

Figma IPO 2025: Date, Market Impact, and What Investors Should Know

November 23, 2025

Ohio cannabis tax represented by a small glass jar filled with cannabis buds on a desk with notebooks and a pencil in the background.

Tax Blog

Ohio Cannabis Taxes: Rates, Rules, and Revenue

November 22, 2025

Ohio cannabis excise tax illustrated by a gloved hand holding green cannabis leaves in an outdoor grow setting.

Tax Blog

Ohio Cannabis Excise Taxes: What You Need to Know

November 22, 2025

Ohio cannabis sales tax represented by the U.S. flag and Ohio state flag flying on a pole against a clear blue sky.

Tax Blog

Ohio Cannabis Sales Taxes: Rates, Rules, and What You Need to Know

November 22, 2025

Form 1099-MISC miscellaneous income reviewed by a couple and a tax professional going over IRS paperwork together at an office desk.

Tax Blog

Form 1099-MISC – Miscellaneous Information

November 22, 2025

Form 1099-NEC for contractors calculated by a business owner using a calculator and pen at a desk with paperwork.

Tax Blog

Form 1099-NEC – Nonemployee Compensation

November 22, 2025

Form 941, the quarterly payroll tax form, being filled out by a business owner signing paperwork at a desk.

Tax Blog

Form 941 – Employer’s Quarterly Federal Tax Return

November 22, 2025

Schedule K-1 form paperwork organized on a cluttered desk with a person sorting tax documents, calculator, and office phone nearby.

Tax Blog

Schedule K-1 – Partner’s or Shareholder’s Share of Income

November 22, 2025

Form 1065 partnership return discussed between a tax professional and a business partner shaking hands in an office after reviewing documents.

Tax Blog

Form 1065: U.S. Return of Partnership Income

November 22, 2025

How to file Form 1120-S explained by a tax professional reviewing S corporation tax documents with a client at a table.

Tax Blog

How to File Form 1120-S – IRS Instructions + Deadlines

November 22, 2025

How to file Form 1120 explained by a tax professional reviewing corporation tax documents with a client at a small table.

Tax Blog

How to File 1120 – IRS Instructions + Deadlines

November 22, 2025

Planner outlining line items that affect surrogacy cost

Tax Blog

How Much Does Surrogacy Cost?

November 11, 2025

Financial consultant explaining steps to deduct IVF expenses

Tax Blog

Can I Deduct IVF Expenses on My Taxes?

November 11, 2025

Consultation on medical expense claims and IVF tax refund

Tax Blog

How Much Do You Get Back in Taxes for IVF?

November 11, 2025

Team discussing eligibility and documentation for IVF tax deduction

Tax Blog

Does IVF Count as Medical Expenses for Taxes?

November 11, 2025

Team reviewing charts about surrogacy tax deduction

Tax Blog

Can You Write Off Surrogacy on Taxes?

November 11, 2025

Colleagues taking notes during a presentation on whether is surrogacy tax deductible

Tax Blog

Is Surrogacy Tax Deductible?

November 11, 2025

Workshop presentation with charts on taxes on surrogacy money

Tax Blog

Do You Have to Pay Taxes on Surrogacy Money?

November 11, 2025

Advisors comparing scenarios to estimate the blended tax rate

Business

Why Is My Blended Tax Rate 37%?

November 11, 2025

Advisors discussing holding period for IRS qualified dividend status

Business

What Does the IRS Consider a Qualified Dividend?

November 11, 2025

Analysts reviewing policy notes on qualified vs nonqualified dividends

Business

What Is the Difference Between Qualified and Nonqualified Dividends?

November 11, 2025

Advisors analyzing stock payouts and the qualified dividend tax rate on a laptop

Business

Qualified Dividend Tax Rate: A Complete Guide

November 11, 2025

CFO consulting with analysts on bookkeeper cost estimates

Business

How Much Should I Expect to Pay a Bookkeeper?

November 11, 2025

Professional recommending a streamlined finance setup to outsource bookkeeping

Business

Is It a Good Idea to Outsource Bookkeeping?

November 11, 2025

Partners discussing vendor options and bookkeeping services cost

Business

How Much Should I Pay for Bookkeeping Services?

November 11, 2025

Team consulting an outsourced bookkeeper about cash flow and budgets

Business

What Does an Outsourced Bookkeeper Do?

November 11, 2025

Accountant reviewing cash-flow charts on a laptop for outsourced bookkeeping services

Business

Outsourced Bookkeeping Services for Small Businesses

November 10, 2025

Staff comparing job costs and progress under POC in accounting

IRS

What Is a POC in Accounting?

November 10, 2025

Finance team reviewing paperwork for long-term contracts using the IRS percentage of completion method

IRS

Does the IRS Require a Percentage of Completion Method?

November 10, 2025

Team calculating progress-based revenue via the percentage of completion formula

IRS

How to Calculate the Percentage Completion Method?

November 10, 2025

Colleagues preparing reports using GAAP percentage of completion

IRS

Does GAAP allow percentage of completion method?

November 10, 2025

Team meeting discussing revenue recognition via the percentage of completion method

IRS

Percentage Completion Method of Accounting

November 10, 2025

Meeting on compliance procedures and report tax-exempt organization IRS

IRS

How Do I Report a Tax-Exempt Organization to the IRS?

November 8, 2025

Advisors reviewing IRS rules for tax-exempt organizations

IRS

Do Tax-Exempt Organizations Have to File Taxes?

November 8, 2025

Executive explaining details of a 990 return during a meeting

IRS

What Is a 990 Return of Organization Exempt?

November 8, 2025

Nonprofit team reviewing documents to file 990

IRS

Do Nonprofits Have to File 990 Every Year?

November 8, 2025

Nonprofit administrators checking deadlines for the annual exempt organization return

IRS

Annual Exempt Organization Return: Filing, Deadlines, and Compliance

November 8, 2025

Professionals tracking retroactive relief milestones on the IRS reinstatement timeline

IRS

How long does it take to reinstate nonprofit status?

November 8, 2025

Executives reviewing IRS notices and penalties tied to losing tax-exempt status

IRS

What happens if you lose your tax-exempt status?

November 8, 2025

Team reviewing budgets to estimate the cost to reinstate 501(c)(3) status

IRS

How much does it cost to reinstate 501c3 status?

November 8, 2025

Nonprofit staff discussing steps to regain nonprofit tax-exempt status

IRS

How To Regain Your Nonprofit’s Tax-Exempt Status

November 8, 2025

Team verifying receipts and notes for California Form 199 annual return filing

Tax Blog

What is the CA exempt organization annual information return?

November 8, 2025

Professionals drafting a compliance plan about how often do nonprofits file taxes

Tax Blog

How often does a nonprofit have to file taxes?

November 8, 2025

Compliance review session on 501(c)(3) organizations' annual reporting requirements

Tax Blog

What are the reporting requirements for 501c3s?

November 8, 2025

Women preparing California nonprofit SI-100 form with notes and whiteboard

Tax Blog

How often does a nonprofit have to file a statement of information in California?

November 8, 2025

Two professionals reviewing documents and laptop about California nonprofit annual filings

IRS

Annual Filing Requirements Refresher for California-Operating Nonprofits

November 8, 2025

Nonprofit leaders checking guidance for how long can a 501(c)(3) be inactive

IRS

How long can a 501(c)(3) be inactive?

November 8, 2025

Nonprofit leaders reviewing paperwork to reinstate tax-exempt organization

IRS

How do I reinstate a tax-exempt organization?

November 8, 2025

Office discussion with tablet and forms on does tax-exempt status expire

IRS

Does tax-exempt status expire?

November 8, 2025

Advisors examining filings explaining why nonprofits lose tax-exempt status

IRS

How can a nonprofit lose its tax-exempt status?

November 7, 2025

Board members consulting on next steps after nonprofit Loses Tax Exempt Status

IRS

What Happens When a Nonprofit Loses Its Tax-Exempt Status? IRS Guide

November 7, 2025

Nonprofit administrator checking figures for 501c3 rules filing.

IRS

What are the 5 rules for 501c3?

November 7, 2025

Advisors completing filings and discussing Form 990 Requirements for 501(c)(3)

IRS

What are the reporting requirements for 501(c)(3)?

November 7, 2025

Professional using a tablet to review the 33 percent rule for nonprofits.

IRS

What is the 33% rule for nonprofits?

November 7, 2025

Executive in green shirt verifying nonprofit annual report checklist details.

IRS

What is required in a nonprofit annual report?

November 7, 2025

Desk with documents, pen, and glass during nonprofit annual report filing prep.

IRS

Nonprofit Annual Report: Filing Requirements Explained

November 7, 2025

Person at small desk sorting papers on get away with not filing taxes.

Tax Blog

Do people get away with not filing taxes?

November 7, 2025

Financial documents on desk exploring how long without filing taxes timelines.

Tax Blog

How long can you legally go without filing taxes?

November 7, 2025

Financial consultation discussing IRS 3 year rule and filing deadlines.

Tax Blog

What is the 3 year rule for the IRS?

November 7, 2025

Desktop with laptop, clipboard, and glasses while planning to file taxes after skipping a year.

Tax Blog

Can you skip a year and still file taxes?

November 7, 2025

Compliance review at table outlining consequences of not filing taxes.

Tax Blog

What Happens If You Skip a Year of Not Filing Taxes? Consequences & Next Steps

November 7, 2025