Taxes

Article Highlights: Increased Standard Deduction Tax-Exempt Income Impairment-Related Work Expenses Financially Disabled Earned Income Tax Credit Child or Dependent Care Credit Special Medical Deductions Qualified Medicaid Waiver Payments ABLE Accounts Disabled individuals, as well as parents of disabled children, may qualify for several tax credits

April 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during March, you are required to report them to your employer on IRS Form 4070 no later than April 10. Your employer

As Millennials continue to navigate their financial journeys, understanding key tax and personal finance topics is crucial for achieving long-term prosperity. In this article, we'll explore some of the most important issues facing Millennials today, providing valuable insights and strategies to help them make informed

As the season changes and springtime approaches, it’s not just your home that could use a good cleaning. Your financial records, especially in QuickBooks, could benefit from a little spring cleaning too. With tax season in full swing and the start of a new fiscal

Article Highlights: Extensions Balance-Due Payments Contributions to Roth or Traditional IRAs Individual Refund Claims for the 2020 Tax Year Missing Information As a reminder to those who have not yet filed their 2023 tax returns, April 15, 2024, is the due date to either file

As the winds of economic uncertainty continue to blow, many businesses find themselves sailing through turbulent waters. With high interest rates and mounting consumer debt, fears of an impending recession loom large. But amid these challenges lies an opportunity for businesses to not only survive

For many business owners, the future is uncertain. Would you like to ensure the long-term success of your enterprise, reducing stress and providing peace of mind? That’s where succession planning comes in. Every successful business gets to that point thanks to careful planning and strategic

Article Highlights: If You Can’t Pay Automatic Extension in Federally Declared Disaster Areas Family Loans Home Equity Loans and HELOCs Credit Card Short-term Payment Plan IRS Installment Agreement Retirement Funds Filing Extensions Enforced Collections Offer-in-Compromise About 3 out of 4 American taxpayers receive a refund

In a significant move aimed at ensuring tax fairness, the Internal Revenue Service (IRS) has announced its plans to initiate a series of audits focusing on the use of business aircraft. This initiative, fueled by the Inflation Reduction Act's funding, marks a concerted effort to

Article Highlights: Capital Gains Medicare Tax High Wealth Minimum Tax Top Marginal Tax Rate Corporate Tax Rate Corporate Minimum Tax Global Minimum Tax Basis Step-Up Carried Interest Stock Buyback Tax Executive Compensation Private Jets Like-Kind Exchanges Cryptocurrency Losses Cryptocurrency Mining Estate and Gift Taxes Oil