With the Potential Higher Capital Gains Rate Looming Interest in Opportunity Zone Funds Renews
The U.S. Treasury recently released the Biden administration’s 2022 Fiscal Year Budget, that includes a general explanation of the administratio…
Tax Planning
Businesses Have 60 Days to Notify the IRS of Changes in Contact Information and Responsible Party
The Internal Revenue Service (IRS) is reminding entities with Employer Identification Numbers (EINs) of their responsibility to update that informatio…
Tax Ramifications of Disposing of a Vehicle
If you are buying a new car, are you wondering what to do with the old one? You actually have a number of options, some of which have tax implications…
Video: Tax Tips for Educators
Teachers and education administrators can benefit from a special tax deduction for education expenses that are not reimbursed. Watch this video to learn more.
Video tips: Summer Activities and Their Impacts on Taxes
Summer is full of activities and life-changing events. But did you know that some of those activities can make a difference to your tax return next year? Watch this video for some quick tips.
How Long Should You Keep Old Tax Records?
This is a common question: How long must taxpayers keep copies of their income tax returns and supporting documents?…
IRS Extends COVID-19 Relief Leave Donations
As part of the emergency disaster declaration made by President Trump on March 13, 2020, it became possible for employees to donate their unused paid …
Video tip: How Long Should You Keep Old Tax Records?
This is a common question: How long must taxpayers keep copies of their income tax returns and supporting documents? Watch this video for an overview.
Day Care Providers Enjoy Special Tax Benefits
A taxpayer who is in the business of providing family day care in their home may deduct the ordinary and necessary expenses of their business. The two…
Video tip: Unemployment Refunds Are Being Sent Out
Did you miss the $10,200 unemployment benefit exclusion on your tax return? No worry, the IRS has started reprocessing and sending refunds back to affected taxpayers. For more information, watch this video.
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