Taxes

Article Highlights: ERC Marketers and Promoters Potential Criminal Investigation and Prosecution About the ERC Who Can Withdraw an ERC Claim How to Withdraw a Questionable ERC Claim The IRS has created a withdrawal option to help small business owners and others who were pressured or

Do taxes have you feeling like you've stumbled into a secret society with its own language? You're not alone! The world of taxes is full of jargon that can leave even the savviest of individuals scratching their heads. But don't worry, we’re here to help!

Article Highlights: Who Is Subject to The Kiddie Tax Exceptions Kiddie Tax Rules Strategy Where the Child Has Earned Income Parents Election to Include Child’s Unearned Income on Their Return Strategy To Avoid Kiddie Tax The Kiddie Tax was introduced in 1986 to prevent high-income

The baby boomer generation, a demographic cohort born between 1946 and 1964, is on the cusp of a significant transition. As they approach later stages of life, the importance of comprehensive estate planning cannot be overstated. This generation, one of the largest in history, faces

The 2024 State Business Tax Climate Index by the Tax Foundation provides an in-depth assessment of the competitiveness of the tax systems in the 50 U.S. states. This analysis is enhanced by considering the discussion around the very real complexities of comparing these diverse tax

Article Highlights: Audit Methods Additional Audit Funding Taxpayers Earning Less Than $400,000 Earned Income Tax Credit Taxpayers With Total Positive Income Above $1 Million Partnerships Foreign Bank Accounts Employee Retention Credit A key component in promoting the highest degree of voluntary compliance on the part

Home Energy Audit Tax Benefits Article Highlights: Home Energy Improvements & Tax Credits Home Energy Audit Annual Credit Limit Non-Refundable Credit Improvement Category Limits $1,200 Annual Credit limit Improvements $2,000 Annual Credit limit Improvements Energy Property Qualifications Have you been thinking of making home improvements?

As the business world becomes increasingly competitive – and increasingly digital – it is essential to maintain meticulous financial tracking and accurate recording of all incoming funds. QuickBooks Online (QBO) is an excellent resource for small business owners who are looking to do their recordkeeping

Article Highlights: Unexpected 1099-MISC Cash Winnings Prize Winnings Famous Prize Winnings If you like to watch game shows and enjoy all the excitement that goes with watching contestants win prizes, then you can add another element to your viewing pleasure by considering how the contestants

November 2023 Individual Due Dates November 13 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during October, you are required to report them to your employer on IRS Form 4070 no later