The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, which includes a general explanation of the...

Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on a number of issues. The following...

This is a common question: How long must taxpayers keep copies of their income tax returns and supporting documents? Generally,...

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

The IRS has begun issuing notice CP508C to taxpayers with “seriously delinquent” tax debt and the service has resumed its program of...

President Biden presented his proposed American Families Plan (AFP) during his Joint Session of Congress address on April 29, 2021. What...

IRS acknowledges it is taking longer to process refunds. However, they have a tool which will give you the status of your refund and...

At the direction of the White House and effective on Wednesday, February 24, 2021, the SBA will establish a 14-day, exclusive PPP loan...

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...

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...

The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second...

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,...

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...