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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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How Divorce Affects Your Taxes and Books
Divorce is a life-altering event that can significantly impact not only your emotional and social life but also your financial situation
Shawna Echols
Sep 18, 20244 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.
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.
Mariko Hayashi-Hall
Jul 28, 20223 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.
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.
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.
Mariko Hayashi-Hall
Jul 28, 20224 min read

Tax Benefits Available to Disabled Taxpayers
Many disabled individuals qualify for tax credits and other benefits. Here are a few of them:
Mariko Hayashi-Hall
Jul 28, 20226 min read

December 2021 Due Dates
Here are important December 2021 tax due dates you need to know about:
Mariko Hayashi-Hall
Jul 28, 20223 min read

10 Tax-Saving Strategies to Consider Before Year-End
Be sure to utilize all of the tax-saving strategies you can during the 2021 tax season.
Mariko Hayashi-Hall
Jul 28, 20227 min read

Watch Out for Tax Penalties
Tax penalties aren't often intentionally accrued by taxpayers. Most whose wallets may be damaged do not know they are being penalized.
Mariko Hayashi-Hall
Jul 28, 20226 min read

Avoiding IRS Underpayment Penalties
Here are a few things taxpayers who fail to pay on time need to know so they can avoid IRS penalties for underpayment:
Mariko Hayashi-Hall
Jul 28, 20223 min read

Are You a Candidate for Bunching?
Bunching is an effective tax strategy to consider as the end of the year approaches. Learn when and how to utilize bunching.
Mariko Hayashi-Hall
Jul 28, 20224 min read

Understanding the Taxation of Cryptocurrency Transactions
You should be aware of specific tax issues if you have owned, purchased, sold, gifted, or used cryptocurrency in business transactions.
Mariko Hayashi-Hall
Jul 28, 20228 min read

Understanding Tax Lingo
To understand tax articles and instructions written by tax professionals and authors, one needs to understand the basic terminology :
Mariko Hayashi-Hall
Jul 28, 202211 min read

November 2021 Due Dates
Here are important November 2021 tax due dates you need to know about:
Mariko Hayashi-Hall
Jul 28, 20222 min read

Employers Hiring New Employees May Be Able to Claim a Work Opportunity Tax Credit
Find out more about the Work Opportunity Tax Credit if you are a business owner and are hiring new workers.
Mariko Hayashi-Hall
Jul 28, 20225 min read

Fall Tax Planning May Be Wise
The tax situation of every taxpayer is unique. Below you will find a list of possible tax strategies that you might find useful:
Mariko Hayashi-Hall
Jul 28, 202210 min read

October 2021 Due Dates
Here are the 2021 October due dates you need to know:
Mariko Hayashi-Hall
Jul 28, 20222 min read

October Extended Due Date Just Around the Corner
Here are the October extended due dates that may apply to you:
Mariko Hayashi-Hall
Jul 28, 20223 min read

Should You Get an IRS Identity Protection PIN?
IRS assigns Identity Protection PINs (IP PINs) are to prevent misuse of social security numbers. Why should you get one?
Mariko Hayashi-Hall
Jul 28, 20222 min read
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