No one enjoys a tax audit, and there's no way to guarantee that you won't get hit with one. But there are some things you can do to minimize the chances of being audited by the IRS. Click through for some tips that can help you either avoid an audit or, at the bare minimum, survive an audit with as minimal chaos as possible.
Read MoreThe IRS warns about Employee Retention Credit claims in which aggressive promoters make offers that are too good to be true. Click through to be aware that much of this marketing exists solely to collect your personally identifiable information in exchange for false promises.
Read MoreWhen it comes to tax write-offs for business owners, I've compiled a list of 75+ expenses that could be deductible for you. View or download the list today.
Read MoreThe FTX debacle has been dominating the news, as investors wonder what went wrong with the firm's complex business model. Click through for a brief overview that shines some light on a dark corner of the investing universe.
Read MoreYou 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.
Read MoreThe federal government is giving a boost to owners of electric vehicles, but the terms are complicated. Here’s an introduction to this valuable tax break, to make sure you can take full advantage of it.
Read MoreWhat does the Inflation Reduction Act mean for real estate? From Sections 45L and 179d to energy credits, view the highlights.
Read MoreIt'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.
Read MoreCrowdfunding has become a powerful way to raise money for a host of projects. But like with every other financial transaction, the IRS has imposed rules. Click through to make sure your crowdfunding project follows the law.
Read MoreYou'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.
Read MoreForm 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.
Read MoreTax 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.
Read MoreCryptocurrency 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.
Read MoreDefined 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.
Read MoreThis 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.
Read MoreWhen you're a spouse or personal representative of a deceased individual’s estate, you discover that even the deceased needs to file a final tax return. Click through to find out what responsibilities you have to square things with the IRS.
Read MoreNew 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.
Read MoreThe Employee Retention Credit now applies only to wages paid before October 1, 2021, unless the employer is a recovery startup business. Read more…
Read MoreNow 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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