BLOG | Heritage Income Tax

All Posts
Taxes
New Business
Entrepreneur
Start Up Costs
IRS Trouble
Clergy

May 12
5 min

Business Owners: 7 Things Your Tax Professional Wants You to Know During Your First Year

Answers to common questions about how your taxes change when you open your own business. Self-employment taxes, partnerships, estimated tax

49 viewsWrite a comment

Aubrey Corcoran

May 8
3 min

What does it mean to get audited?

The information for this blog article was retrieved from the IRS website: https://www.irs.gov/businesses/small-businesses-self-employed/i...

17 viewsWrite a comment

Aubrey Corcoran

Mar 2
3 min

Paying self-employment tax: Should clergy waive rights to pay into (and receive) social security?

This post attempts to help ministers decide whether or not to waive their obligation to pay self-employment taxes. Is it wise? What are the

14 viewsWrite a comment

Aubrey Corcoran

Feb 27
4 min

Self-Employment Tax Basics for Clergy

Self-employment tax is the biggest tax expense for members of the clergy (pastors, bishops, missionaries, priests, ministers etc). In th...

40 viewsWrite a comment

bryan@heritageincometax.c

Feb 11
3 min

Estate and Gift Tax for Beginners

Estate and Gift Tax for Beginners[1] Most of us are familiar with paying income or property tax; but have you heard of the gift tax? In m...

8 viewsWrite a comment

bryan@heritageincometax.c

Feb 5
2 min

Introducing Schedule C

Introducing Schedule C[1] So you’ve opened your own business. Congratulations! It takes a lot of courage, organization and commitment to ...

12 viewsWrite a comment

bryan@heritageincometax.c

Feb 3
2 min

Scholarships

Scholarships[1] Given the I.R.S. broad definition of income, it may surprise you that most scholarship awards are not taxable.[2] Scholar...

10 viewsWrite a comment

bryan@heritageincometax.c

Feb 3
2 min

The Taxpayer Roadmap

The Taxpayer Roadmap[1] I earned my Masters’ Degree in Taxation in 1997. During my studies, it became quickly apparent the U.S. Tax code ...

25 viewsWrite a comment

{"items":["5ebaf7f38ee76300172a4e6a","5eb58957d2525b0017ab0e00","5e5d5d36219468001775a78d","5e581a0452123d001781abee","5e42f8940b871f0017e06a88","5e3af8e652b7a90017fe58e8","5e38767a36bf5c0017090d88","5e386afdad06c60017cd6ab9"],"styles":{"galleryType":"Columns","groupSize":1,"showArrows":true,"cubeImages":true,"cubeType":"fill","cubeRatio":1.3333333333333333,"isVertical":true,"gallerySize":940,"collageAmount":0,"collageDensity":0,"groupTypes":"1","oneRow":false,"imageMargin":16,"galleryMargin":0,"floatingImages":0,"chooseBestGroup":true,"smartCrop":false,"hasThumbnails":false,"enableScroll":true,"isGrid":true,"isSlider":false,"isColumns":false,"isSlideshow":false,"cropOnlyFill":false,"fixedColumns":1,"enableInfiniteScroll":true,"isRTL":false,"minItemSize":50,"rotatingGroupTypes":"","rotatingCubeRatio":"","gallerySliderImageRatio":1.7777777777777777,"numberOfImagesPerRow":1,"numberOfImagesPerCol":1,"groupsPerStrip":0,"borderRadius":0,"boxShadow":0,"gridStyle":1,"mobilePanorama":false,"placeGroupsLtr":false,"viewMode":"preview","thumbnailSpacings":4,"galleryThumbnailsAlignment":"bottom","isMasonry":false,"isAutoSlideshow":false,"slideshowLoop":false,"autoSlideshowInterval":4,"useCustomButton":false,"bottomInfoHeight":0,"titlePlacement":"SHOW_ON_THE_RIGHT","galleryHorizontalAlign":"center","galleryTextAlign":"center","galleryVerticalAlign":"center","scrollSnap":false,"itemClick":"expand","fullscreen":true,"allowSocial":true,"allowDownload":false,"allowTitle":true,"allowDescription":false,"loveButton":true,"loveCounter":false,"videoPlay":"hover","scrollAnimation":"NO_EFFECT","scrollDirection":0,"overlayAnimation":"FADE_IN","arrowsPosition":0,"arrowsSize":23,"watermarkOpacity":40,"watermarkSize":40,"useWatermark":true,"watermarkDock":{"top":"auto","left":"auto","right":0,"bottom":0,"transform":"translate3d(0,0,0)"},"loadMoreAmount":"all","defaultShowInfoExpand":1,"allowTitleExpand":true,"allowDescriptionExpand":true,"allowLinkExpand":true,"expandInfoPosition":0,"allowFullscreenExpand":true,"fullscreenLoop":false,"galleryAlignExpand":"left","addToCartBorderWidth":1,"addToCartButtonText":"","slideshowInfoSize":200,"playButtonForAutoSlideShow":false,"allowSlideshowCounter":false,"hoveringBehaviour":"NEVER_SHOW","thumbnailSize":120,"magicLayoutSeed":1,"imageHoverAnimation":"NO_EFFECT","calculateTextBoxHeightMode":"AUTOMATIC","calculateTextBoxWidthMode":"PERCENT","textBoxHeight":0,"textBoxWidth":200,"textBoxWidthPercent":50,"textImageSpace":10,"textBoxBorderRadius":0,"textBoxBorderWidth":0,"textsVerticalPadding":0,"textsHorizontalPadding":-30,"titleDescriptionSpace":6,"customButtonText":"","customButtonBorderWidth":1,"customButtonBorderRadius":0,"loadMoreButtonText":"","loadMoreButtonBorderWidth":1,"loadMoreButtonBorderRadius":0,"imageInfoType":"ATTACHED_BACKGROUND","itemBorderWidth":1,"itemBorderRadius":0,"itemEnableShadow":false,"itemShadowBlur":20,"itemShadowDirection":135,"itemShadowSize":10,"imageLoadingMode":"BLUR","expandAnimation":"NO_EFFECT","imageQuality":90,"usmToggle":false,"usm_a":0,"usm_r":0,"usm_t":0,"videoSound":false,"videoSpeed":"1","videoLoop":true,"gallerySizeType":"px","gallerySizePx":940,"itemBorderColor":{"themeName":"color_12","value":"rgba(191,191,191,1)"},"galleryLayout":2,"modifiedGallerySize":true,"selectedLayout":"2|bottom|1|fill|true|0|true","layoutsVersion":2,"selectedLayoutV2":2,"isSlideshowFont":false,"externalInfoHeight":0,"externalInfoWidth":0.5},"container":{"width":940,"galleryWidth":972,"galleryHeight":1440,"scrollBase":0,"height":null}}