The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy...

If you’re a business owner working from home or an entrepreneur with a home-based side gig, you may qualify for valuable home office...

When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s...

The business entity you choose can affect your taxes, your personal liability and other issues. A limited liability company (LLC) is...

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This...

As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business...

When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so...

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early...

Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can...

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind...

Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to...

As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal...

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits,...

The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA,...

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for...

Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more...

Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax...

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to...

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business...

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit...