Essential Tax Credits Every Parent Should Know About
Parents have special tax situations and benefits. Tax breaks for parenting expenses can result in a lower tax bill and a higher refund. Here are some key things new parents…
Taxes
Start Off on the Right Foot for the 2025 Tax Year
Individuals and small businesses should consider various ways of starting off on the right foot for the 2025 tax year. W-4 Updates – If you are employed, then your employer…
BOI Injunction
On Tuesday December 3, 2024, Judge Amos L. Mazzant III of the US District Court of the Eastern District of Texas, issued a nationwide injunction which preliminarily blocks the initial…
Installment Sale – a Useful Tool to Minimize Taxes
Selling a property you have owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in one year will…
Break-Down of Tax Reform Proposal
For businesses (directly from the articles linked below) – C Corporation Tax Rate and AMT: A measure to replace the current four-tier C corporation rates with a flat 20% rate…
Important Changes for Both Businesses and Individuals in the New House Tax Bill
On Thursday, House Republican leadership continued their efforts for tax reform, presenting a new tax bill containing a wide variety of changes for both business and individual tax rates, writes…
Tax Refunds: Myths vs. Facts
Would you know a tax myth from a tax fact? As tax season approaches, there are many myths swirling around about the IRS, tax returns, tax deduction, and anything tax-related….
Tax Tips for the Multi-generational Home
The multi-generational home is making a comeback. It’s not just Millennials who are moving back with their Generation X parents. In addition, Generation Xers are welcoming their Baby Boomer parents…
Tax Alert: Refund Delays in 2017
The Internal Revenue Service (IRS) has issued a reminder that it will be delaying refunds for taxpayers claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit…
Special Tax Alert: Tax Credit Deadline 9/28
Taxes, Your Business, IRS Tips
Employers of workers facing significant barriers to employment are urged to apply for the Work Opportunity Tax Credit (WOTC) enacted by the Protecting Americans from Tax Hikes (PATH) Act….