Take Action Now to Reduce Your 2023 Income Tax Bill
Several factors are making 2023 a confounding tax planning year for many people. They include turbulent markets, stabilizing but still high interest ...
Future Emergency? Two New Tax Provisions May Soon Provide Relief
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out ...
Investment Swings: What's the Tax Impact?
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided ...
Plan Now for Year-end Gifts with the Gift Tax Annual Exclusion
Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By ...
IRS Issues Guidance on New Retirement Catch-up Contribution Rules
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping ...
Selling Your Home for a Big Profit? Here are the Tax Rules
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the ...
New Report Identifies High-Risk Areas in Financial Reporting
In July 2023, the Public Company Accounting Oversight Board (PCAOB) published a report that highlights common areas of audit deficiencies for public ...
Disabled Family Members May Be Able to Benefit from ABLE Accounts
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for ...
Divorcing Business Owners Should Pay Attention to the Tax Consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters ...