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The Brilliant Blog
Business news, tax policy updates, pro accounting tips, tutorials for QuickBooks, software reviews, & more.
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Mariko Hayashi-Hall
Jul 28, 20222 min read
About the 2022 Tax Extension
Shawna Echols March 14, 2022 What is a Tax Extension? As spring approaches, so do the tax deadlines. A tax extension can be filed by...
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Mariko Hayashi-Hall
Jul 28, 20223 min read
What’s Next for the Child Tax Credit?
Here's what you need to know about the child tax credit:

Mariko Hayashi-Hall
Jul 28, 20224 min read
Costs for Installing Medically-Related Home Improvements Have Tax Benefits
Installing medically-related home improvements could lead to tax benefits.
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Mariko Hayashi-Hall
Jul 28, 20223 min read
Don’t Think You Have to File a Tax Return? You May Be Missing Out!
Read on why you should consider filing for 2021:
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Mariko Hayashi-Hall
Jul 28, 20223 min read
Another Rough Tax Season for IRS and Taxpayers?
The IRS and taxpayers may have another rough tax season. Here's how you can prepare.
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Mariko Hayashi-Hall
Jul 28, 20225 min read
Planning for a Child’s College Expenses Should Start Early
Tax-related education benefits are available now. Others will only be useful with long-range planning. Make your plans as soon as possible.
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Mariko Hayashi-Hall
Jul 28, 20223 min read
Advance Child Tax Credit and EIP Must Be Reconciled on Your 2021 Return
Read on the new changes regarding the advance CTC and EIP and how they must be reconciled on your 2021 return.
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Mariko Hayashi-Hall
Jul 28, 20224 min read
Tax Treatment of Reverse Mortgages
Find out what a reverse mortgage is and how it can help seniors keep up with rising costs and inflation.
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Mariko Hayashi-Hall
Jul 28, 20222 min read
Employers and Self-employed Who Elected to Defer 2020 Social Security Tax, Payments Are Due Jan. 3rd
If you chose to defer paying part of your 2020 Social Security tax obligation, half of that deferral is now due on Jan. 3, 2022.
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Mariko Hayashi-Hall
Jul 28, 20222 min read
Do You Need a New IRS Identity Verification?
Here’s what you need to do to get a new IRS identity verification:
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Mariko Hayashi-Hall
Jul 28, 20223 min read
Does Your Business Need to File Forms 1099-NEC or 1099-MISC?
Learn whether your business needs to file forms 1099-NEC or 1099-MISC.
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Mariko Hayashi-Hall
Jul 28, 20224 min read
What Is Tax Basis and Why Is It So Important?
Learn how the basis of an asset is used to calculate tax deductions for depreciation, casualties, and depletion, as well as gains or losses.
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Mariko Hayashi-Hall
Jul 28, 20225 min read
January 2022 Due Dates
Here are the January 2022 tax due dates you need to know:

Mariko Hayashi-Hall
Jul 28, 20222 min read
The IRS May be Getting a Massive Budget Increase. Will It Impact the Audit Rate?
Learn more about the proposed major budget increase to the IRS and how it could affect you:
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Mariko Hayashi-Hall
Jul 28, 20222 min read
Retroactive Termination of the Employee Retention Credit
If you applied for the ERC in the last few months of 2021, you may be impacted by the IIJA’s retroactive changes.
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Mariko Hayashi-Hall
Jul 28, 20224 min read
Tax Information Reporting Requirement for Cryptocurrency Added by Infrastructure Bill
Read about these new rules that will apply to digital asset transactions in 2023. The first crypto tax forms will appear in January 2024.
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Mariko Hayashi-Hall
Jul 28, 20224 min read
Tax-Free Gifting
If you have a large estate subject to the estate tax upon your death, consider ways to give some of your wealth to your loved ones now.
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Mariko Hayashi-Hall
Jul 28, 20226 min read
Tax Benefits Available to Disabled Taxpayers
Many disabled individuals qualify for tax credits and other benefits. Here are a few of them:
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Mariko Hayashi-Hall
Jul 28, 20224 min read
Tax Benefits for Holiday Gifts
There may be tax benefits when you give holiday gifts to family members, employees, and others may yield tax benefits. Read more:
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Mariko Hayashi-Hall
Jul 28, 20223 min read
December 2021 Due Dates
Here are important December 2021 tax due dates you need to know about:
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