October 4, 2023 Casualty Loss Tax Deductions May Help Disaster Victims In Certain Cases Through 2025, the rules for deducting personal casualty losses on a tax return changed from what they were before 2018. … Read More
September 20, 2023 IRS Suspends Processing of ERTC Claims With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end. Read More
September 8, 2023 IRS Guidance on Retirement Catch-Up Contribution Rules The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS … Read More
August 15, 2023 The IRS Warns Businesses About ERTC Scams Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be … Read More
August 15, 2023 Disabled Family Members May Benefit From ABLE Accounts Family members often want to help disabled loved ones financially but don’t want them to lose eligibility for their government … Read More
June 23, 2023 Virtual Currency Lands In The IRS’s Crosshairs If you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying … Read More
June 20, 2023 When Can Seniors Deduct Medicare Premiums On Their Tax Returns? Seniors with Medicare insurance (including supplemental) can potentially deduct premium costs and other medical expenses on their tax return. Read More
June 15, 2023 What’s In The Fiscal Responsibility Act? With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act. Read More
May 19, 2023 Addressing The Impending Insolvency of Social Security: Exploring Solutions and Proposals The future of Social Security is in peril. Here’s a look at the current situation and potential solutions. Read More
April 18, 2023 IRS Guidance Coming Regarding The IRA’s Clean Vehicle Credit Will the electric vehicle you have your eye on qualify for the Clean Vehicle Credit? IRS guidance is coming soon … Read More
April 6, 2023 Your Nonprofit Probably Won’t Have An IRS Audit, But If It Does … Your nonprofit may do everything by the book and still be selected for an IRS audit. Don’t panic! We explain … Read More
March 16, 2023 President Biden’s Proposed Budget Includes Notable Tax Provisions Here’s a rundown of the business and individual tax provisions included in President Biden’s recently released budget proposal. Read More
