Faw Casson

Recent News

Mar 29, 2023

Tax Credit Available for Alternative Refueling Stations

The Alternative Fuel Vehicle Refueling Property Credit (the credit) is a federal tax credit available to individuals and businesses that install qualified alternative fuel v... Read More

Mar 15, 2023

The Kiddie Tax Rules

The Kiddie Tax has been around since the 1980s.  It was first introduced in the Tax Reform Act of 1986.  The tax code had been being abused by wealthy parents tran... Read More

Mar 1, 2023

When Should My Child File a Tax Return?

Do you have a teen that has joined the work force? Maybe they’ve received a Form 1099. When do you stop claiming them as a dependent? You may have some questions ... Read More

Feb 15, 2023

Bonus Depreciation Phasing Out

Since 2017, businesses have taken advantage of 100% bonus depreciation on qualified assets. As part of the Tax Cuts and Jobs Act, 100% of the cost of certain assets could be w... Read More

Jan 24, 2023

Major Changes for Retirement Plans Under the Secure Act 2.0

The Secure 2.0 Act, or Securing a Strong Retirement Act of 2022, was signed into law December 29, 2022 as a follow up to the Setting Every Community Up for Retirement Enhanc... Read More

Jan 10, 2023

New Lease Standards

The new lease standards that were passed a few years ago are effective for non-public companies in calendar year 2022. This change in the way leases are reported has the poten... Read More

Dec 7, 2022

Tax Planning Tips for the End of 2022

The hustle and bustle of the holiday season is upon us, and festiveness is in the air. With 2023 rapidly approaching, there is still time to make some shifts in your ta... Read More

Sep 27, 2022

You Received an IRS Notice. Now What?

If you’ve ever gotten an official notice from the IRS, you know the feeling of dread that may settle into your body.  While getting a letter from the IRS is ... Read More

Aug 15, 2022

Independent Contractors: The Art of Worker Classification

In today’s world there are a plethora of ways to earn a salary, and to engage people to complete a job.  While some employers still employ workers in a traditional ... Read More

Jun 7, 2022

Taking Care of Business

Most of us know the Richard Branson quote, "Take care of your employees and they'll take care of your business. It's as simple as that." No quote sums up t... Read More

Jun 1, 2022

Keith Kahn named as newest Faw Casson Partner

Faw Casson is pleased to announce that Keith S. Kahn, CPA, CFE has been admitted as a Partner with the Firm.  Keith is a Certified Public Accountant and Certified Fraud E... Read More

Apr 27, 2022

Delaware Relief Rebate Program Passed

With the passing of Delaware’s House Bill 360 on April 14, 2022, the 2022 Delaware Relief Rebate Program was created.  The Bill calls for a “relief rebate&r... Read More

Apr 12, 2022

Does Filing a Tax Extension Trigger an Audit?

While a widely believed myth, filing an extension of your tax return will not put you in the IRS's crosshairs for an audit. In fact, the IRS has been auditing ... Read More

Mar 15, 2022

Rebate Program Would Potentially Send $300 to Every Delaware State Tax Filer this Spring

A week after a plan to rebate approximately $100 million to Delaware citizens was proposed, State lawmakers reached an agreement on a bipartisan plan to significantly increa... Read More

Feb 2, 2022

Advance Child Tax Credit Letters from IRS May not be Accurate

During 2021, taxpayers with qualifying children 17 years old and younger received monthly payments of a portion of their Child Tax Credit, unless they opted out. (For m... Read More

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