Tips to Minimize the Kiddie Tax
The “kiddie tax” prevents parents from shifting income-producing assets to children to take advantage of their lower tax rate. It was ... Read More >
The “kiddie tax” prevents parents from shifting income-producing assets to children to take advantage of their lower tax rate. It was ... Read More >
The landmark Tax Cuts and Jobs Act (TCJA) was passed in late 2017, but the law is still in the headlines today. Most TCJA provisions that affect individual ... Read More >
The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect small business taxpayers and their owners. Some ... Read More >
The Tax Cuts and Jobs Act (TCJA) dramatically increased the unified federal gift and estate tax exemption from $5.49 million in 2017 to $13.61 million ... Read More >
The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual taxpayers. Many of these provisions are scheduled to ... Read More >
In recent years, the residential real estate markets in many areas have surged. That means there are more seniors with highly appreciated homes than ... Read More >
The national conventions for both political parties’ presidential candidates have wrapped up and their platforms have finally been released. ... Read More >
Residential real estate prices in many markets have surged over the last few years. As a homeowner, you may be sitting on a significant unrealized ... Read More >
Charitable donations can provide businesses with significant tax savings. But for gifts over a certain amount, they must obtain a contemporaneous ... Read More >
Prices in many residential real estate markets have surged over the last few years. As a result, you may be sitting on a significant unrealized gain, ... Read More >
Payroll fraud is a threat to any business that pays employees or contractors. Unfortunately, this type of financial crime can go undetected for months—even ... Read More >
The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and ... Read More >
It’s a presidential election year again! With campaign season gearing up, many individuals and businesses will be reaching into their wallets ... Read More >
President Biden’s proposed budget for the 2025 fiscal year include numerous tax provisions affecting both businesses and individual taxpayers. ... Read More >
The head of household (HOH) federal tax filing status is often misunderstood by taxpayers who might qualify, including single, divorced, or legally ... Read More >
A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit ... Read More >
The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for ... Read More >
The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing ... Read More >
Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers ... Read More >
Open enrollment for health care benefits has begun at many companies. If your employer lets you choose from a menu of healthcare plans, it’s ... Read More >