Do You Qualify for the Favorable HOH Status?
The head of household (HOH) federal tax filing status is often misunderstood by taxpayers who might...
Does the Marriage Penalty Still Exist Today?
A couple's tax situation changes when they get married—for better or worse. Here are the most...
How Employer-Issued incentive stock options May Affect Your Taxes
Employer stock options are a potentially valuable asset for recipient employees, especially those...
Important Tax Figures for 2024
The following chart provides some important federal tax information for 2024, as compared with 2023:
Act Now to Leverage the Gift Tax Exclusion Before Year End
The gift tax exclusion is among the most valuable tools available to transfer assets to family and...
IRS Delays $600 Form 1099-K Reporting Threshold
Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe...
5 Ideas to Help Small Business Owners Reduce Taxes for 2023
As year end approaches, small business owners should review their tax situations to determine ways...
Will Your Crypto Transactions Be Reported on a Form 1099?
Some taxpayers may be unaware of all the federal tax reporting requirements for cryptocurrency...
Federal Tax Obligations When a Business Shuts Down
Is it time to close your small business? Unfortunately, closing isn't as simple as handing over the...
What Can You Do to Lower Your 2023 Tax Obligation?
It's hard to believe that 2023 is already half over. Although summer is a time for vacations and...