Tax

Showing 97-108 of 254 items

08/22/2024

Voluntary Disclosure Program: IRS Provides Last Chance to Payback Improper ERC claims filed for 2021

On August 15, 2024, in Announcement 2024-212, the IRS provided a limited re-opening of the second round of a Voluntary...

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Business

08/14/2024

Tax Implications for Series EE Savings Bonds

Savings bonds are purchased every year by many Americans, often as a way to save money while maintaining low risk....

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Tax

08/09/2024

The DOJ and FBI Continuing to Investigate PPP Loan Recipients for Fraud

For several months now, a number of agencies, including the Federal Bureau of Investigation (FBI), have been working diligently to...

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Business

08/09/2024

IRS begins to process low risk ERC claims, review ERC claims, & notify taxpayers of claim denials where they’ve found red flags

The Internal Revenue Service (IRS) has started sending out denial letters related to the employee retention credit (ERC). The IRS...

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Business

08/07/2024

Weighing the benefits and risks associated with borrowing funds from your corporation

If you own a closely held corporation, you have the option to borrow funds from your business at rates that...

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Tax

07/25/2024

You may wonder what the future looks like as TCJA provisions are scheduled to expire

Get ready, America. With the upcoming elections big changes may be instore for tax laws. Our Current Situation The Tax...

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Tax

07/22/2024

Determining Your Estimated Tax Payments

Understanding and managing your estimated tax payments is an important aspect of proactive tax planning and strategy. For individuals with...

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Tax

06/19/2024

Homeowner but Cash Loaner? The Reverse Mortgage Strategy

Are you an older taxpayer who owns a house that has appreciated in value but could use an additional source...

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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...

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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...

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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...

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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)...

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Business