Tax

06/17/2024

Caring for an Elderly Relative? Don’t Forget these Commonly Missed Tax Breaks

At some point in many people’s lives, they will have to take care of an elderly relative. This can be...

post

Tax

06/03/2024

The Tax Advantages of Including Debt in a C Corporation Capital Structure

The term “debt” often has a negative connotation and leaves business owners feeling worried and stressed out. However, debt is...

post

Business

04/09/2024

The Tax Deadline is Almost Here! File for an extension if you’re not ready

We are less than a week away from Tax Day. However, there are plenty of individuals that are not quite...

post

Tax

03/18/2024

IRS Voluntary Disclosure Program for False Employee Retention Credit Claims – Deadline is March 22, 2024

On December 21, 2023, the IRS released a program for companies and employers who received questionable employee retention credits (ERC)...

post

Business

03/07/2024

Can you write off the costs of your spouse when traveling for business?

As we transition to a post-pandemic market, business travel is getting back to normal. With the increase in travel frequency,...

post

Business

02/13/2024

Charitable giving and substantiation – what you need to know for the 2023 tax season

Donating to charity can make you feel good and if you itemize on your tax return, can ease your tax...

post

Tax

02/02/2024

Tax Relief for American Families and Workers Act of 2024 (TRAFA), H.R. 7024

The House passes the $79 billion tax package with overwhelming bipartisan support. This is NOT law yet. This was a...

post

Business

02/01/2024

Your Guide to the 2024 Tax Filing Season: Important Deadlines and FAQs Answered

The IRS announced it opened the 2024 income tax return filing season on January 29. That’s when the tax agency...

post

Tax

01/26/2024

Does your child have unearned income? If yes, they could be affected by kiddie tax rules

Unearned income usually refers to income in the form of interest, dividends, and capital gains. In the context of the...

post

Tax

01/05/2024

2024 Changes to the “Nanny Tax” and How You Can Prepare

Do you employ a nanny, housekeeper, gardener, or other household employee who isn’t an independent contractor? If so, you may...

post

Tax

12/21/2023

The IRS is piloting the use of a security self-mailer for IP PIN

Each year, the IRS issues CP01A notices that have a unique 6-digit IP PIN with instructions on how to use...

post

Tax

12/21/2023

IRS Interest Rates Q4 (2023) and Q1 (2024)

The Internal Revenue Service announced that interest rates have increased for the calendar quarter beginning October 1 ,2023, resulting in...

post

Tax