Standard Mileage Rates Announced for 2022 Changes are coming to the standard mileage rates in 2022. The IRS has announced the new optional standard rates for… More on this story
Are you prepared for an IRS audit? The IRS recently announced it intends to hire thousands of new employees as part of a tax-enforcement push. This could… More on this story
A Closer Look at the IRS 2021 “Dirty Dozen” List The end of the year is a good time to review the annual “Dirty Dozen” list of common tax-related scams… More on this story
The QBI Deduction: Is your Business Eligible? If you own a business, you may wonder whether you’re eligible to take the qualified business income (QBI) deduction. (It’s… More on this story
Disability Income: Is it Taxable? Many Americans receive disability income. If you’re one of them or know someone who is, you may wonder whether it’s… More on this story
Ways to withdraw cash from a corporation Owners of closely held corporations often want or need to withdraw cash from the business. The simplest way, of course,… More on this story
The Deductibility of Medical Expenses Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging,… More on this story
1031 Exchange Variations and Alternatives One widely used tax strategy among real estate investors is the “like-kind” exchange, often called a 1031 exchange after the… More on this story
Tax Deadlines for Q4 2021 The fourth quarter of the year holds some very important tax deadlines. We review them here: October 15 — Personal… More on this story
Keep state taxes in mind when selling your business For various reasons, business owners sometimes decide to put their companies on the market. To successfully negotiate the sale of… More on this story
