As it does every year, the Internal Revenue Service recently announced the inflation-adjusted 2024 optional standard mileage rates used...

To ensure individuals properly report all their income, the IRS has an ever-expanding series of information-reporting forms used to...

Back in late 2017 Congress passed the Tax Cuts & Jobs Act of 2017 (TCJA) that made enormous changes to income tax laws as outlined below....

As published by the Tax Foundation, thirty-four states will ring in the new year with tax changes, including Indiana. They noted that...

Waiting until after the close of the tax year to worry about your taxes can result in missed opportunities that could have reduced your...

Strategies for physicians to provide legitimate means to substantially mitigate tax liabilities while adhering to the boundaries of the law.

If you list your property on Airbnb, you know it has been a remarkable boon for property owners looking to earn income from their...

To help struggling taxpayers affected by the COVID-19 pandemic, the IRS has issued a notice, which provides penalty relief to most people...

People generally assume that tax planning only applies to individuals with the big bucks. But think again, as some tax moves benefit...

Tax law requires individuals who have reached age 72 to begin taking minimum distributions from their traditional IRA accounts. These are...

The IRS Tax law, since 2011, has required third-party settlement organizations such as Venmo, PayPal, CashApp, and Ebay to report...

Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible...

With the holiday season upon us, the 2021 tax preparation season will soon follow. With the end of the tax year just around the corner,...

During the holidays, many charities solicit gifts of money or property. This article includes tips for documenting your charitable gifts...

If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax...

Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can...

The House Ways and Means Committee has released an extensive list of proposed tax changes that impact individual, retirement,...

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

If you still have not received your federal refund, you are not alone. In our news article on July 26, the disclosed number of...

Anyone preparing a tax return for compensation must have a PTIN issued by the IRS, but there are no requirements associated with...