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 ...
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 and K-3 Reporting for International Activity
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 ...
Tax Breaks After 50 You Can’t Afford To Miss
If you’re 50 or older, there is one benefit to reaching this milestone that you may be overlooking: tax breaks aimed right at you. Now you can ...
Work Opportunity Tax Credit Provides Help to Employers
The Work Opportunity Tax Credit (WOTC) may help employers in today's tough job market and economy. Many business owners are hiring and should be ...
Worried About An IRS Audit? Prepare In Advance
IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your ...
Inflation Reduction Act Expands Valuable Payroll Tax Credit
When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health ...
Evaluating an ESOP from a Succession Planning Perspective
If you’ve been in business for a while, you’ve probably considered many different employee benefits. One option that might have crossed your desk is ...
Small Business Tax Incentives: Credits, Grants and More
Small-business owners often find themselves in a dilemma: they want to grow their business to meet demand, but tight financial circumstances can make ...