You may have been advised to check your tax withholdings at least once a year. But if you've had job or family changes, you may want to do it more frequently.
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What does the Inflation Reduction Act mean for real estate? From Sections 45L and 179d to energy credits, view the highlights.
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It's one of the most sweeping and most controversial bills passed in recent years. There's a lot of confusion about what it will and will not do. Click through for a quick summary of the main provisions to see how it may affect you.
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You're busy running your law firm, but don't forget that you have to take care of the back office as well. And that includes taxes. Click through for an introduction to partnership taxation rules, and some practical help in tax management.
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Form 941 is the quarterly tax return for reporting income taxes as well as withholdings of employee payroll taxes, Social Security, and Medicare. Click through for the basics on this important business form to ensure that you stay compliant.
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Tax requirements for nonprofits are stringent, and the penalties for violating them can be heavy. Learn how to keep track of all your funding sources — and to keep your tax-exempt status.
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Cryptocurrency is here to stay. That is clear from the proposed Infrastructure Investment and Jobs Act, which includes provisions about how cryptocurrency is taxed. Read about what may be on the horizon.
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Defined benefit plans offer guaranteed retirement benefits for employees. How do these time-honored plans work? Read about the advantages, disadvantages, and tax considerations for employers and employees.
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This bill will allow an extension of time from March 15, 2022, to September 15, 2022, to make the New York PTET for the tax year 2022. This allows taxpayers time to analyze the changes made to the NY PTET and determine if an election should be made.
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If you are a U.S. citizen or resident alien residing overseas or are in the military on duty outside the U.S., you are allowed an automatic two-month extension to file your return without requesting an extension. Learn more.
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New entrepreneurs think about production, marketing, sales and human resources — but often forget the tax angle. You need to be on top of your IRS situation from day one. Click through for an overview of taxes for new businesses.
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For now, the Build Back Better Act is on hold, and many provisions of the Tax Cuts and Jobs Act of 2017 expired, including some that may be extended retroactively. The following article lists some of the more far-reaching of these provisions, but keep in mind that it is not a definitive list.
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Here are some key items for taxpayers to know before they file next year, including charitable contributions, economic impact payments and advance child tax credit payments.
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The Employee Retention Credit now applies only to wages paid before October 1, 2021, unless the employer is a recovery startup business. Read more…
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Now is a good time to check to make sure you're up on the rules. If you do not file Form IT-2104, your employer may use zero as your number of allowances.
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With the end of the year in sight, the IRS has announced inflation adjustments taking effect in the new year.
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Any profit from the sale of your home is reported on Schedule D as a capital gain if you realize a profit in excess of the exclusion amounts or if you don't qualify for the exclusion.
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How did you do this year and what can you claim? Take our test to see how well you’re doing and where you might need help.
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How this change could significantly impact your financial statement and cash flows, especially if you're in technology and life sciences and conduct a lot of research.
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