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

Not to overstate the obvious, but the last 18 months have seen major modifications in the ways that most Americans spent their money....

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...

The American Rescue Plan Act of 2021 (ARP) provides Eligible Employers with tax credits to cover certain costs of providing employees...

The U.S. Small Business Administration (SBA) recently launched a streamlined application portal to allow borrowers with Paycheck...

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

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...

A taxpayer who is in the business of providing family day care in their home may deduct the ordinary and necessary expenses of their...

We’ve all heard the term “the rich get richer.” According to a report released from ProPublica, it turns out that one of the ways that...

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

When you’re in the midst of building or growing a business, the last thing on your mind is what happens if the owner suddenly dies. If...

If you are an employer looking for an attractive employee benefit that lets you plan contributions around your revenues, consider a...

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

With home mortgage rates at historic lows, it may be appropriate for you to consider refinancing your current mortgage. However,...

The Internal Revenue Service has released a midyear report to Congress that details a significant backlog of tax returns dating back to...

Congress has provided businesses with a temporary tax break as a means of helping the restaurant industry, which has been devastated by...

Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an IRS...

If you are considering starting a business, the simplest and least expensive form of business is a sole proprietorship. A sole...