Blog: Avoiding Tax Surprises When Retiring Overseas
Are you approaching retirement age and wondering where you can retire to make your retirement nest egg last longer? Retiring abroad may be the answer. But first, it’s important to… Read More
Juanita Farmer, CPA
Juanita Farmer writes the blog "Financial Cents".
Juanita Farmer. CPA is the Managing Partner of J.D. Farmer & Associates, LLC, a Public accounting firm, located in Germantown, Maryland.
Ms Farmer has been practicing in the field of accounting and tax for over 27 years.
Blog: Common Errors To Avoid When Filing a Tax Return
While not all mistakes on tax returns cause delays in refunds, some do. As the May 17 deadline approaches, it pays to steer clear of the 10 tax return errors… Read More
Blog: 8 Tax Return Tips for Last-Minute Filers
When it comes to working on your taxes, earlier is better, but many people find preparing their tax return to be stressful and frustrating and wait until the last minute.… Read More
Blog: File on Time – Even if You Can’t Pay
Generally, taxpayers should file their tax return by the deadline even if they cannot pay the full amount due, but if you can’t there are several options. Let’s take a… Read More
Blog: Coronavirus-Related Distributions and Loans
The Coronavirus, Aid, Relief, and Economic Security (CARES) Act made it easier to access savings in IRAs and workplace retirement plans for those affected by the coronavirus. This relief provided… Read More
Blog: Include Gig Economy Income on Tax Returns
The gig economy is also referred to as the on-demand, sharing, or access economy. People involved in the gig economy earn income as a freelancer, independent worker or employee. Typically,… Read More
Blog: Highlights of the American Rescue Plan Act
Signed into law on March 11, 2021, the American Rescue Plan Act (ARPA) contains several tax provisions affecting individuals and families. Let’s take a look: Economic Impact Payments (EIP3). A… Read More
Blog: Federal Tax Deadline Extended To May 17
The federal income tax filing due date for individual taxpayers, including individuals who pay self-employment tax, has been extended to Monday, May 17, 2021, for the 2020 tax year. There… Read More
Blog: Capital Gains Tax on Sale of Stocks
Apps like Robinhood make it easy for everyone to play the stock market. If you’re a retail investor who made money last year buying and selling stocks, you may owe… Read More
Blog: Small Business Tax Roundup
Tax changes due to recent legislation such as the Tax Cuts and Jobs Act and the CARES Act affect both individual taxpayers and small businesses. In 2020, the IRS issued… Read More
Blog: Tax Breaks for Families With Children
If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed when you file your 2020 tax return.… Read More
Blog: Avoiding an IRS Tax Audit
Just 0.45 percent of taxpayers were audited in fiscal year 2019. Still, with taxes becoming more complicated every year, there is an even greater possibility of confusion turning into a… Read More