Claiming Bad Debt Loss Deductions
The issue of individual taxpayers deducting bad debt losses has historically been a source of tension with the IRS. Here's what you need to know to get the best tax results for your situation.
Are You Ready to File (or Extend) Your 2024 Personal Return?
Tax season officially started on January 27. Many people procrastinate filing their returns — or...
How to Trim Your 2024 Taxes by Contributing to a Retirement Plan in 2025
Many types of retirement plans allow contributions to be made after year end. And last-minute...
Small Businesses: 5 Last-Minute Tax Breaks to Consider for 2024
The deadlines for filing 2024 tax returns (or extensions) are fast approaching. Has your small...
Dispelling 10 Federal Tax Myths and Misconceptions
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and...
7 Reasons to Separate Real Estate from Your Business Assets
When businesses acquire real estate, they often title it under the company name. Although this...
Ready, Set, File: 8 Tax Deductions You Might Not Know About
Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. But fewer...
6 Ways to Address Future Health Care Costs
How much money will you need to set aside to cover your out-of-pocket health care costs in...
C Corporations: Tax Issues to Consider When Closing a Business
Are you thinking about closing your business? Rising prices, labor shortages, fluctuating demand...
Insights Into Small Business Bankruptcies
Many U.S. businesses filed for bankruptcy last year. Through the end of the third quarter of 2024...