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...
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...