EV Tax Credit 2023: What’s Changed and What’s Ahead
Electric vehicles are gaining in popularity – and for a good reason. Not only are they environmentally friendly, but they also have tax benefits. In ...
Federal Tax Credits and Deductions for Family Caregivers
Caring for children, elderly family members, and others can be expensive as well as physically and emotionally demanding. Although the IRS doesn’t ...
2023 Q2 Tax Calendar: Key Deadlines for Businesses and Employers
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this ...
U.S. Supreme Court rules against the IRS on critical FBAR issue
The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of ...
K-2 & K-3 for International Activity Related to 1065, 1120-S, 8865
IRS Schedules K-2 and K-3, new for 2021, may need to be completed to include items of international tax relevance from the operations of a ...
Year-end Spending Package Tackles Retirement, Conservation Easements
On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending "omnibus" package includes two ...
Forms W-2 and 1099-NEC Are Due to be Filed Soon
With the 2023 filing season deadline drawing near, be aware that the deadline for businesses to file information returns for hired workers is even ...
e-TIDES is Being Shut Down on February 24, 2023
Business taxpayers are strongly encouraged to act now and sign up for an account on myPATH. This is the new and improved online system where the ...
2022 Year-End Reminders Regarding Common Fringe Benefits
As year-end approaches, it is time to gather the information needed to properly report certain taxable fringe benefits provided to employees during ...