Taxes

Article Highlights: Donating unused vacation time, sick leave and personal time Employer’s Function Great Donation Opportunity As they have done before in the wake of disasters, including Hurricane Katrina, Superstorm Sandy, COVD-19, and Ukrainian relief, the Internal Revenue Service is allowing special contributions for Maui

The world-renowned Colombian singer and songwriter, Shakira, has once again found herself in the spotlight, but this time, it's not for her chart-topping hits or Grammy Award-winning performances. The pop sensation, age 46, has been charged with a second round of tax fraud crimes in

Article Highlights: 118th Congress SALT Deduction Limitations Deduction Background States Most Affected Pending Legislation Who Benefits from a Change Tax Foundation Statistics There is movement in the 118th (2023-2024) U.S. Congress, primarily the House of Representatives, which has three bills before it that would liberalize

Have you ever dreamed of winning the Powerball jackpot? The allure of sudden wealth and financial freedom is undeniable, but there's one thing that many winners overlook until it's tax season – the substantial tax bill that comes with their lucky break. Winning the Powerball

The Federal Reserve last decided to raise interest rates in July 2023, bringing the benchmark federal funds rate to a target range between 5.25% and 5.5% – though it is worth noting that the Fed has kept interest rates stagnant during its last three meetings,

Article Highlights: TV promotions IRS commissioner Comments Understanding the Credit Credit Eligibility Ancillary Issues Not Qualified for the Credit Seems like the TV commercials promoting filing for the Employee Retention Credit (ERC) haven’t gone away despite warnings from the IRS, the American Institute of CPAs,

As the world begins to embrace renewable energy sources to combat climate change, utility-scale wind and solar projects are growing at an incredible rate. These initiatives have become increasingly common in response to a variety of factors, such as a changing planet, federal tax incentives,

October Extended Due Date Just Around the Corner Article Highlights: October 16, 2023 is the extended due date for 2022 federal 1040 returns.  Late-filing Penalty  Interest on Tax Due  Other October 16 deadlines If you could not complete your 2022 tax return by April 18,

Article Highlights: Home gain exclusion amounts Home cost Reasons to keep home improvement records Records may be required to avoid tax Which records to keep and for how long When the sales price, net of selling expenses, is more than the cost of an individual’s

October 2023 Individual Due Dates October 2 - Fiduciaries of Estates and Trusts File a 2022 calendar year return (Form 1041). This due date applies only if you were given an extension of 5½ months. If applicable, provide each beneficiary with a copy of their