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...
Update on Luxury Auto Depreciation Deductions for Businesses
Federal income tax deductions for taxpayers who use passenger autos more than 50% for business were...
Top 10 Tax Breaks for Military Service Members
Active duty service members, veterans and their families deserve our gratitude for their sacrifices...
Do You Owe SE Tax on Home Rental Income?
If you rent out a second home—or part of your main residence—you may be unclear about whether you...
How Divorce Affects Eligibility for the Home Sale Gain Exclusion
It's common for couples who divorceto sell their homes. Not only does this move give former...
Navigating the SALT Deduction
The Tax Cuts and Jobs Act (TCJA) limitsitemized deductions for state and local tax (SALT) payments...
Should You Extend Your 2022 Tax Return?
In a statement posted to its websiteon February 3, 2023, the IRS asked certain taxpayers to...
Warning: Your 2022 Tax Bill May Ring in Higher
It's that time of yearagain: tax season. Temporary tax relief measures that were provided during...
Casualty Losses: How to Claim Deductions and Avoid Pitfalls
Every year, the United States experiences natural and manmade disasters, ranging from hurricanes...