6 Tax Angles to Layoffs
After a robust job market over the last few years, layoffs are now on the rise. Through November...
Itemizing Deductions on Your Federal Income Tax Return
Once the 2023 tax year is over and the numbers are generally set in stone, you can itemize...
Important Tax Figures for 2024
The following chart provides some important federal tax information for 2024, as compared with 2023:
2024 Standard Mileage Rates
Beginning on January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups...
Tips for Reducing the Impact of NIIT
The net investment income tax (NIIT) was enacted more than a decade ago. While repeal has been...
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...
Year-End Review of S Corp Compensation: Stay on the Right Side of the IRS
With 2024 right around the corner, your shareholders might be thinking about year-end bonuses or...
7 Tax Breaks for Parents
It's challenging and expensiveto be a parent. The average annual cost of raising a child in the...
IRS Delays $600 Form 1099-K Reporting Threshold
Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe...
Year-End Bonuses: Tax Issues for Employers and Employees
The holidays are often referred to as "the most wonderful time of year"—and, for some people,...