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What to Do if You Receive an IRS Letter
Don’t panic and know what to do if you receive an IRS letter. Learn the key steps to take and how to plan your next move.
2025-amounts-for-Health-Savings-Accounts

Inflation Enhances the 2025 Amounts for Health Savings Accounts

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based on

tax-breaks-if-caring-for-an-elderly-relative

You May Be Entitled to Tax Breaks if Caring for an Elderly Relative

There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life,

convert-business-from-C-to-an-S-corporation

Should You Convert Your Business from a C to an S Corporation?

Choosing the right business entity has many implications, including the amount you pay in taxes. The most common business structures are sole proprietorships,

Tax-tips-when-buying-the-assets-of-a-business

Tax Tips When Buying the Assets of a Business

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you

save-tax-when-selling-appreciated-vacant-land

A Three-Step Strategy to Save Tax When Selling Appreciated Vacant Land

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have

valuable-gifts-charity-require-appraisal

When Do Valuable Gifts to Charity Require an Appraisal?

If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get

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