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July 2022
The "Dirty Dozen" is a list of common tax scams that target taxpayers. Compiled and issued annually by the IRS, it includes a number of aggressive and evolving schemes that taxpayers should avoid.
If you're self-employed and use your car for business, you can deduct certain business-related car expenses.
Home equity represents a significant portion of the average retiree's wealth. If you are house-rich but cash-poor, a reverse mortgage loan allows you to convert part of the equity in your home into cash - without having to sell your home.
If you discover a mistake on your tax return after you've already filed it, don't panic. In most cases, all you have to do is file an amended tax return.
Tax Due Dates

July 11
Employees Who Work for Tips - If you received $20 or more in tips during June, report them to your employer. You can use Form 4070.

July 15
Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in June.

Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in June.







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Dawson & Associates...Your business is our business. Whether you are starting a new venture or growing your current business, our goal is to help you achieve your goals. Consider us an adjunct to your accounting department, filling in the gaps and lending expertise when you need it. You receive the highest quality service but only pay for what you need. Contact us today at 818 379.9800 to find out how we can help you grow your business.

 
Sincerely,
Linda Dawson 
Dawson & Associates
Dawson & Associates | 818 379-9800 | team@dawsoncpa.com | 
PO Box 261160
Encino, CA 91426