Taxpayers have an opportunity to utilize net operating losses (NOLs) generated on their personal and corporate tax returns generated in tax year 2023 by carrying forward […]
Medical expenses can trim taxes. Keeping good records and knowing what to deduct make all the difference. Taxpayers can only claim medical expenses that they paid […]
Consolidated Appropriations Act, 2021 Under the Consolidated Appropriations Act, 2021, a pension plan will not fail to meet qualification requirements solely because it provides for a […]
Rental Property as Qualified Business Income If you operate a rental real estate business, you may qualify to claim the business income deduction under Section 199A […]
Kiddie Tax Taxpayers with dependents who have unearned income during the year might want to consider some year-end tax planning strategies to reduce their overall tax […]
Tax Benefits of Cost Segregation Business and individual taxpayers that acquire nonresidential real property or residential rental property have an opportunity to reduce the depreciable lives […]
Employer Tax Credit for Paid Family & Medical Leave The Consolidated Appropriations Act, 2021 extends the employer credit for paid family and medical leave through December […]
Rental Real Estate Landlords should be aware that keeping accurate accounting records is just as important as collecting the rent on time each month. If a […]
To help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, individuals can […]
You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating […]
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate […]
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t […]