Are You Cheating Yourself by Using IRS Mileage Rates?

Published on May 18, 2023

Let’s start with an example. Say that in 2022 you bought a $50,000 SUV that…

Read More

Do you owe self-employment tax on Airbnb rental income?

Published on May 11, 2023

That’s a good question. In Chief Counsel Advice (CCA) 202151005, the IRS opined on this…

Read More

Crowdfunding: Is It Taxable?

Published on May 9, 2023

Crowdfunding is a national and international phenomenon. Over $17 billion is raised yearly in North…

Read More

Roundup of Individual Tax Changes For 2023

Published on May 2, 2023

Article Highlights: Required Minimum Distributions (RMD) Excess Accumulation Penalty Military Spouse Retirement Plan Participation Clean…

Read More

What is the Work Opportunity Tax Credit, and Who Qualifies For It?

Published on April 25, 2023

At its most straightforward, the Work Opportunity Tax Credit is available at the federal level…

Read More

Don’t Get Hit with IRS Underpayment Penalties

Published on April 18, 2023

Article Highlights: Pay-as-You-Earn System Withholding and Payment Forms IRS On-line Withholding Estimator Situations Triggering Underpayments…

Read More

R&D Tax Credit Misconceptions and Guidelines

Published on March 23, 2023

As a business owner, you understand how important it is to stay informed and up-to-date…

Read More

Maximize the Home Energy Improvement Credit

Published on March 21, 2023

Article Highlights: Credit History Credit Percentage and Annual Credit Limit Per Item Credit Limit Home…

Read More

How the Electric Vehicle Tax Credit May Benefit Your Bottom-line

Published on March 16, 2023

As the technology of electric vehicles continues to evolve, so do governmental regulations. Recently, the…

Read More

Holding Real Property in a Corporation: How can you avoid double taxation?

Published on March 14, 2023

Owning real estate in a corporation is an important decision and one that must be…

Read More