November 18, 2022
Unprofitable Startups May Owe 2022 Taxes
A provision in the Tax Cuts and Jobs Act (TCJA) changes how tax law treats research and development expenses ... pushing many money losing startups into owing taxes.
Taxes November 16, 2022
Ex-Trump Org CFO Implicates Company in Tax Fraud Case
Allen Weisselberg pleaded guilty in August to the multi-year tax fraud scheme at the heart of the case.
Taxes November 15, 2022
Controller for Trump Org Deemed Hostile at Tax Fraud Trial
Jeffrey McConney admitted to helping executives cheat on their taxes while working down the hall from Donald Trump.
November 15, 2022
Retailers and Manufacturers Can Get Tax Deduction with Product Philanthropy
If product philanthropy hasn’t been on your radar as a year-end strategy for such clients, here are some insights into why in-kind donation might be one way of boosting their bottom lines.
Taxes November 14, 2022
Buy an EV Now or Later? The Tax Credit Rules are About to Change
Qualification requirements change in January following the passage of the Inflation Reduction Act.
Taxes November 11, 2022
Longtime Trump Executive Details Rampant Tax Fraud at NYC Trial
Jeff McConney took the stand Nov. 10 and acknowledged illegal practices at the Trump Organization.
November 10, 2022
Some Tuition Costs Can Qualify for Medical Tax Deduction
If you have children in college, you may be able to claim one of two higher education credits for qualified expenses, although these tax benefits are phased out for upper-income taxpayers.
Taxes November 10, 2022
House Panel Urges Supreme Court to Allow Access to Trump Tax Returns
Ways and Means Chair Richard Neal urged justices to reject Donald Trump’s request to pause lower court rulings.
November 9, 2022
Home Health Costs Can Be Tax Deductible
If the aide performs other household chores like cooking and cleaning, you must apportion their wages. Only the part allocable to medical care is deductible as a medical expense.
November 8, 2022
Good Documentation Helps Small Business Clients Prepare For Audits
Unfortunate as it may be, you know that small business clients too often neglect their bookkeeping, expense documentation, and other tax-related responsibilities.
November 8, 2022
Home Improvements May Qualify as Medical Expenses on Taxes
In certain limited situations, you may realize a tax break for a home improvement that is deemed to be medically necessary. If you qualify, a portion of the expense is deductible as a medical expense as...
Taxes November 7, 2022
Ford Urges Broad Interpretation of EV Tax Credits
Ford responded to Treasury Department request on how it should implement the new consumer tax credits.