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What to Do if You Receive an IRS Letter in 2025

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.

Don’t Overlook Taxes When Contemplating a Move to Another State

When you retire, you may think about moving to another state because the weather is more temperate or because you want to be

The Standard Business Mileage Rate Will Be Going Up Slightly in 2024

The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5

2024 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind this

Court Awards and Out-of-Court Settlements May (or May Not) Be Taxed

Monetary awards and settlements are provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for

The “Nanny Tax” Must Be Paid for Nannies and Other Household Workers

You may have heard of the “nanny tax.” But you may think it doesn’t apply to you if you don’t have a nanny.

Giving Gifts and Throwing Parties Can Help Show Gratitude and Provide Tax Breaks

During this festive holiday season your business may want to show its gratitude to employees and customers by giving them gifts or hosting

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