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...
C Corporations: Tax Issues to Consider When Closing a Business
Are you thinking about closing your business? Rising prices, labor shortages, fluctuating demand...
7 Tax Breaks for Business Buildings
Businesses are returning to their regular work premises in droves. About 65% of U.S. businesses...
IRS Targets Partnership Tax-Reduction Tactic
The IRS recently announced the launch of a new multistage regulatory initiative intended to close...
Business Owners: Expiration Date Is Approaching for Certain TCJA Provisions
The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect...
Seniors: You Might Not Want to Sell that Highly Appreciated Home
In recent years, the residential real estate markets in many areas have surged. That means there...
Computing Tax Basis Counts when Selling a Highly Appreciated Home
Residential real estate prices in many markets have surged over the last few years. As a homeowner,...
Set up a Tax-Favored ABLE Account for a Family Member with a Disability
Today, most states offer programs that allow you to establish a tax-favored account to cover the...
Smart Tax Planning Pays Off
If you're financially successful or expect to become so, taxes are or will become one of your...
Updated Guidance on Business Vehicle Depreciation
The rules for deducting depreciation expenses on vehicles used for business purposes have been...