News and Updates

5 Common Business Entities and Their Tax Implications

Choosing the right business entity is one of the most important decisions entrepreneurs make when launching or restructuring a business. The type of entity selected affects how the business is taxed, its administrative complexity, and who may be held personally liable for company debts and obligations.

What Are the Tax Implications of Gold and Other Precious Metal Investments?

To hedge against stock market volatility and inflation, some IRA owners and investors put money...

Act Soon: EV and Homeowner Tax Credits Ending After 2025 Under Proposed Law

The U.S. House of Representatives recently passed a sweeping tax and spending measure, dubbed "The...

Property and Casualty Insurance: Protect Your Property, Preserve Your Wealth

When disaster strikes—whether it's an accident, burglary, fire, storm or lawsuit—having the right...

Important Update: New Pennsylvania Annual Report Filing Requirements

There are important changes affecting Pennsylvania business entities and foreign entities...

How Are Income Distributions from Trusts and Estates Taxed?

As separate legal entities, estates and nongrantor trusts must file their own federal tax returns,...

Tax Options for Vacation Home Owners Who Want to Sell

With property values soaring in many beach, mountain and other destinations, some vacation home...

Real-World Tax Advice for Recent College Grads

New college graduates will face some of the harsh realities of adulthood, including paying taxes,...

Recent Survey Highlights Financial Struggles among Retirees

Fewer than one-quarter of currently retired people feel "very confident" they'll maintain a...

8 Red Flags that Could Trigger an IRS Audit

Keeping up with ever-evolving tax laws can be challenging for individuals and small business...