Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind…
With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible…
In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring…
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided…
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation…
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the…
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues…
If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance…
Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor,…
The SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that…
The federal student loan “pause” is coming to an end on August 31 after more than three years. If you have student…
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the…
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred…
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to…
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably…
Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels and sell…
If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally. These costs…
If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the…
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.
If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder!
If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying…
The IRS recently released its audit statistics for the 2022 fiscal year and fewer taxpayers had their returns examined as compared with…
When one spouse in a married couple is not earning compensation, the couple may not be able to save as much as…
If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level…
Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over…
High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net…
If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Under…
You may think you don’t need to make any estate planning moves because of the generous federal estate tax exemption of $12.92…
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures.…
If you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But…
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow…
If you itemize deductions on your tax return, you may wonder: What medical expenses can I include? The IRS recently issued some…
One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial…
If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may…
If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation…
A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or “basis”) an individual…
Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you…
If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and…
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time,…
If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most…
April 18 is the deadline for filing your 2022 tax return. But a couple of other tax deadlines are coming up in…
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re…
It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an…
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment,…
Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This…
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For…
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a…
Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the…
If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still…
