News

With the 2025 tax year almost here, there’s news from the IRS about retirement savings. According to a recent announcement from the tax agency ... Read More >

If anyone in your household had a Marketplace Health Insurance plan in 2024, you must obtain Form 1095-A before you file your tax returns. The form ... Read More >

The Tax Cuts and Jobs Act (TCJA) virtually doubled the standard deduction through 2025. So, fewer taxpayers are itemizing deductions these days. Instead, ... Read More >

Navigating the maze of federal taxes can be daunting. Many tax terms are confusing, whether you’re a business owner, a seasoned individual taxpayer ... Read More >

Businesses are returning to their regular work premises in droves. About 65% of U.S. businesses expect to implement return-to-office policies by the ... 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 >

Many people currently qualify for a 0% federal income tax rate on net long-term capital gains (LTCGs) and qualified dividends earned in their taxable ... Read More >

Every two years, the Association of Certified Fraud Examiners (ACFE) publishes a study detailing the costs, schemes, perpetrators and victims of occupational ... Read More >

If you’re age 50 or older, you can make extra “catch-up” contributions to certain types of retirement accounts. Many people fail ... Read More >

The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain complicated. ... Read More >