You may already know that fraudsters frequently send emails and text messages that purport to be from the IRS but are actually attempts to steal your personal information. You may also know that the...

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If you’ve hired household employees this year, you may need to account for them in your tax planning. For tax purposes, household employees are individuals who you pay more than $2,700 in 2024 in...

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Summer is a good time for some tax planning that could lower your 2024 tax bill. Since the passage of the Tax Cuts and Jobs Act, which increased the standard deduction, fewer people benefit...

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When it comes to running a successful small business, there are numerous tasks owners must perform. One important job is to maintain tax and financial records. Granted, this can be overlooked in the day-to-day...

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The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the “tax gap” between what taxpayers owe and what they actually pay. The tax agency has already launched...

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Summer isn’t tax season but it’s a season when some common activities have tax implications. If you get married, you should notify the IRS and Social Security Administration about any name or address changes....

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You’ve probably never heard of the "Self Employment Tax Credit." That’s because it doesn’t exist! However, unscrupulous promoters on social media are peddling the nonexistent credit as a way for self-employed people and gig...

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If you’ve incurred medical expenses this year, you may qualify for a tax deduction. Taxpayers can deduct the amount of unreimbursed medical expenses that exceeds 7.5% of their adjusted gross income. To qualify for...

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In the U.S. House of Representatives, a bill was recently introduced that would extend and enhance the Paid Family and Medical Leave Credit (under IRC Section 45S). The bill proposes, among other things, to...

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The IRS has released a new fact sheet (https://bit.ly/3XUv7BN  ) to help businesses that produce clean transportation fuel apply for registration for the clean fuel production credit. The fact sheet clarifies such issues as...

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