Duick & Company Sc

08/10/2025

Happy National Lazy Day!

05/21/2025

Have yourself a sweet treat for

05/19/2025

2025 is the year proceeds from sales of digital assets will be reported on a 1099-DA. If you participate, keep an eye out for this form coming from your brokerage early 2026!

05/16/2025

Thinking of turning your current home into a rental? Basis matters! Your basis for the rental would be the FMV(Fair Market Value) as of the date it is entered into service or Adjusted tax basis (whichever is less). Make sure you have documentation for this amount such as a tax bill for that current year.

05/14/2025

Contemplating an IRA Rollover? Keep in mind the following: 60 days to recontribute in the same way you withdrew from your original plan. This can be done only ONE time every 12 months.

05/13/2025

Hope you are enjoying a post tax season slice of

01/10/2025

Social Security is getting a 2.5% increase in benefits for 2025!

01/08/2025

Livestock operators can defer gain until at least the end of 2025 by buying replacement livestock even if the normal 4 year period for deferral on drought-related sales has lapsed. This will run until the county drops offs the IRS's list which can be found at https://www.irs.gov/newsroom/irs-extends-relief-to-farmers-and-ranchers-impacted-by-drought-in-41-states-other-regions

01/06/2025

Win big at the Casino in 2024? Casino's are required to notify the IRS for each person who wins over $1.200 - $5,000 depending on the game. The IRS has an automated matching program in place so make sure to record those winnings on your return.

01/03/2025

For the 2024 tax year, K-12 Educators can deduct up to $300 for the cost of unreimbursed expenses. You can take this deduction in addition to the standard deduction on your return.

01/01/2025

12/27/2024

Inherit an IRA 2020 or later? Make sure you are aware of the 10-Year rule that requires the beneficiary to bring the balance of the IRA to $0 within 10 years of the date of inheritance.