Income Tax

Taxes June 15, 2023 

The IRS miscalculated 2021 child tax credit payments for thousands of eligible taxpayers as of May 5, 2022, TIGTA said.

Jason Bramwell

Taxes June 15, 2023 

Here are several key points about the home sale exclusion that you should know about before you hand over the keys.

Ken Berry, JD

Taxes June 15, 2023 

The IRS is reminding taxpayers that they may qualify for expanded home energy credits in 2023 (IR-2023-97, 5/4/23) There are two types of credits.

Ken Berry, JD

Taxes June 15, 2023 

Taxpayers can claim a limited deduction for gambling losses, but the IRS keeps close tabs on these write-offs.

Ken Berry, JD

Taxes June 14, 2023 

The proposed rules released on June 14 focus on elective pay and transferability of credits under the Inflation Reduction Act.

Jason Bramwell

Taxes June 14, 2023 

The CHIPS Act allows eligible taxpayers to make an election to treat the credit as a payment against federal income tax.

Jason Bramwell

Firm Management June 14, 2023 

A lifestyle accounting firm emphasizes the personal lives of their employees in a way that focuses on balance, which may look different from a firm where scaling financial growth is the main priority.

Jeannie Ruesch

Taxes June 14, 2023 

When should you begin to make nondeductible contributions to your IRA?

Ken Berry, JD

Taxes June 14, 2023 

For many months, the American Institute of CPAs (AICPA) has expressed its concerns regarding the lowered Form 1099-K reporting threshold

Isaac M. O'Bannon

Taxes June 14, 2023 

Make sure you keep business use above the 50% level. In addition, maintain all the driving records required by the IRS.

Ken Berry, JD

Taxes June 13, 2023 

A self-employed individual may claim the foreign earned income exclusion on foreign earned self-employment income.

Ken Berry, JD

Small Business June 13, 2023 

Small business owners are seeing delays drag out for months for the employee retention credit tax claims they've submitted.