The IRS opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and processing 2022 tax year returns. Even if
The 2023 filing season deadline is drawing near, but you should also be aware the deadline for businesses to file information returns for hired workers is even closer.
College is expensive and the tax code provides multiple tools to make it less painful: 529 plans for tax-free growth, education tax credits for current-year savings, the new
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up
If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of
The Employee Retention Credit (ERC) was a valuable tax credit to help employers who kept workers on staff during the height of the COVID-19 pandemic. While the credit
A new law was recently signed to help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every
If you drive for business, the IRS gives you two ways to deduct the cost: track every actual expense or use the standard mileage rate. For most small
If you own a home and rent it to a relative, it may surprise you to know there could be tax consequences. Quick rundown of the rules Renting
If you’re considering converting your C corporation to an S corporation, be aware there may be tax implications if you’ve been using the last in, first out (LIFO)
Putting away money in a tax-advantaged retirement plan can help you reduce taxes and help you to secure a comfortable retirement. If your employer offers a 401(k) or
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind this list isn’t all-inclusive. There may
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