In this video, we'll explore how tax exemption works for Olympic prizes and what it means for the athletes' hard-earned winnings.
Watch the video for a brief overview of how Back Door Roth IRAs can help you boost your retirement savings.
On June 20, 2024 the IRS announced significant updates regarding the processing of Employee Retention Credit claims. Watch this video to learn more.
Too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss tax planning opportunities that they could have taken during the year. By planning ahead and making strategic financial decisions mid-year, you can significantly reduce your tax liability and maximize your savings.
Summer break is the perfect time to explore employment opportunities for your children. Watch this video to learn what tax advantages are there for your child.
If you are getting married this year, there is a long list of things you need to be aware of and plan for before tying the knot that can have a significant impact on your taxes.
With political campaigns in full swing, you might be looking to donate to your campaign of choice. But are political contributions tax-deductible? Watch this video to find out!
Discover what to do when you receive an IRS letter in your mailbox. With computer matching driving audits, our experts can help ease the anxiety.
Thinking of discarding your old tax records? Consider these tips before doing so.
Employees should become familiar with and take advantage of the tax- and financially-favored benefits offered by their employers. Watch this video for more details.
The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes.
A tax credit is available to some taxpayers for the expenses they incur for the care of a child, spouse, or other dependent while the taxpayer is gainfully employed (or is job seeking).
Generally, individuals who are 701/2 or older may make a Qualified Charitable Distribution (QCD) of up to $100,000 from their individual retirement account each year.
Low- and moderate-income taxpayers can save for retirement now and possibly earn a special tax credit in 2024 and years ahead.
The IRS is issuing a reminder to individuals who may be eligible for the Recovery Rebate Credit to submit their tax returns and secure their funds before the deadline.
This video gives a brief intro on what to watch out for when choosing a tax professional to avoid unscrupulous ghost preparers.
The CTA passed a new reporting requirements for businesses in the US, focusing on beneficial ownership, starting in 2024.
As of Jan. 1, 2024, in certain situations, taxpayers will be able to transfer the new and previously owned clean vehicle credits to the dealer to reduce the purchase price or go towards the down payment.
If you pay workers other than employees $600 or more for the year, remember to issue a Form 1099-NEC after the end of year.
It's time to review your 2023 tax withholding to avoid a potential surprise when you file tax return next year.
