ERC Claims Top Spot on IRS Dirty Dozen List A new issue tops this year’s annual IRS Dirty Dozen list of tax scams. The agency’s 2023 list of common… More on this story
Be aware of the tax implications of closing a business Sadly, many businesses have been forced to shut down recently due to the challenges of the economy, including the supply… More on this story
Can Individual Taxpayers Deduct Vehicle Expenses? It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also may be able to deduct… More on this story
Be Aware: Business Bartering is Taxable During these times of high inflation, many cash-challenged businesses have bartered for goods and services instead of paying dollars for… More on this story
FBAR: Courts Review Foreign Account Reporting Rules Several recent court cases could have important implications for businesses and individuals who maintain accounts in foreign banks, brokerages, or… More on this story
Time is running: If you can’t file your return, request an extension The April 18, 2023, filing deadline for federal tax returns for 2022 is upon us. If you are unable to… More on this story
Things to know before turning your home into a rental property In some cases, homeowners move to new residences, but keep their present homes and rent them out. If you’re thinking… More on this story
Tax Deadlines for Q2 of 2023 Let’s talk about tax deadlines for the second quarter of 2023. The April 18th filing deadline is well-known to many,… More on this story
Important Changes to Employer-Sponsored Retirement Plans The omnibus spending bill signed into law on Dec. 29, 2022 contains important tax provisions that can affect businesses. Included… More on this story
Final Regulations Released for Business E-filers Changes are coming for certain business e-filers, but not until 2024. The Department of Treasury and the IRS have released… More on this story
