Increased 1099-K Reporting Threshold Delayed
The IRS has announced a delay of the new $600 Form 1099-K reporting threshold for third party settlement organizations for calendar year […]
Tax-Related Inflation Adjustments for 2024
The IRS has announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate […]
401k and IRA Limits for 2024
The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal government’s Thrift Savings […]
IRS Announces ERC Withdrawal Process
If you own a business, you have probably been targeted by a scam trying to get you to claim the Employee Retention […]
IRAs and Retirement Planning
It’s never too early to begin planning for retirement. Individual retirement accounts provide tax incentives for people to make investments that can […]
Moratorium on Processing ERC Claims Declared
Due to rising concerns about a flood of improper Employee Retention Credit claims, the IRS has announced an immediate moratorium through at […]
Reconstructing Financial Records After a Disaster
Natural disasters can strike without warning, and sometimes even the most diligent taxpayers are left without the important personal and financial records […]
Educator Expense Deduction in 2023
It’s back to school season, which is also a good time to remind teachers, principals, and other educators about the educator expense […]
Tax Considerations Related to Separation and Divorce
Separation and divorce are never easy for the couples involved. In addition to all the personal issues at play, separation and divorce […]
Tax Deductions for Homeowners
The summer is prime time for buying or selling a house. If you purchased a home this year, here are a few […]