Individuals are required to begin taking distributions from their IRA when they reach a certain age. That age was 70½ until Congress...

With mortgage interest rates low, flipping real estate appears to be on the rise. This activity is even the theme of several popular...

Tax time can be one of the most hated times of the year. Just preparing the forms is enough to be an irritant, and if you owe the...

Here are 7 issues you may not be aware of and that can save you tax dollars. If this makes your head spin reach out and we’ll help you...

President Biden released his “American Rescue Plan”. It is a wish list of proposals he wants Congress to enact to address the COVID-19...

The IRS is mailing all recipients of Economic Impact Payments a Notice 1444 that provides information about the amount of their payment,...

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...

Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is a...

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...

An additional round of economic impact payments (EIPs) is included in the legislation but the amount is substantially less than the first...

The Tax Policy Center has an excellent article regarding phaseouts. As they explain, "preferences in the tax code phase out for...

The IRS’s response to the COVID-19 pandemic has included focused relief from tax penalties, but taxpayers and tax professionals should...

In spite of COVID-19 restrictions many entrepreneurs are considering possible new or additional business opportunities. So, if you are...

Many taxpayers rent out their first or second homes without considering tax consequences. Some of these rules can be beneficial, while...

If you are a small business owner, every penny of your income counts. This means that you not only want to optimize your revenue, but...

If you can’t wait for 2020 to be over, you’re certainly not alone. But don’t let the myriad terrible things about the year distract you...

Previously we shared that the IRS will disallow deductible expenses for businesses with PPP loans and to write your congressional...

With the debate between Congress and IRS continuing, this an opportune time for small business owners to try to influence congressional...

In response to the IRS ruling on the deductibility of forgiven PPP loans, Congress recently made a joint statement saying the Treasury is...