Education Tax Benefits: Maximizing Savings with Credits and Deductions Navigating the complexities of tax season can be daunting, but for those bearing the costs of higher education, there are valuable tax benefits that can ease the financial burden. Among these are...
How to Request Penalty Abatement Penalty abatement is a great way to help reduce your client’s tax debt. Here’s how you can request apenalty abatement from the IRS. Let’s say you’ve determined that your client is eligible for a penalty abatement to help...
Understanding the Child Tax Credit for 2023 The Child Tax Credit (CTC) is a significant provision in the U.S. tax code designed to offer financial relief to families with qualifying children. As we navigate the 2023 tax year, it’s crucial to understand the current...
Tax-Smart Strategies to Pay for College As the cost of college continues to rise and inflation soars, families are looking for ways to make ends meet. One way to do this is by taking advantage of tax breaks that can help offset the cost of tuition and other...
How to maximize your tax benefits for your home office? For over four decades, Molen & Associates, a trusted tax and accounting firm established in 1980, has been aiding small-business proprietors and entrepreneurs in optimizing their tax advantages through the...
How to cruise a write off? First things first, let’s remember our general rules that before we can deduct a business expense it must be ORDINARY and NECESSARY, meaning “An ordinary expense means it’s typical in your business, both [in terms of] amount [as well as in]...
🎄Holiday Cheer Alert! Molen & Associates Out of Office🎄
Hello and Happy Holidays!
Our Molen & Associates team is officially dashing through the holidays starting on December 20, 2024 and will return to office on January 2, 2025. We’ll be sipping cocoa, decking the halls, and recharging our calculators so we can start the new year fresh and ready to tackle all things tax & accounting!
In the meantime, feel free to drop us an email at info@molentax.com, and we’ll get back to you as soon as we are able.
Wishing you a joyous season filled with peace, laughter, and plenty of holiday treats. See you in the new year!
