Who Needs to File a Tax Return in 2024
Most U.S. citizens and permanent residents who work in the United States need to file a tax return if they make more than a certain amount for the year.
IRS Resuming Sending Collection Notices
The IRS has announced a resumption of their collection letters in 2024 for outstanding tax liabilities from 2020 and 2021 and penalty relief for some taxpayers.
Make Tax-Free Charity Donations from Your IRA Re
Generally, individuals who are 70½ or older may make a Qualified Charitable Distribution (QCD) of up to $100,000 from their individual retirement account each y
Addressing the Accountant Shortage In a Changing World
The accounting industry is facing its largest talent shortage in history. Learn how firms can appeal to Gen Z and Gen Alpha in this comprehensive guide.
Ways To Deduct Health Insurance
Unlock tax benefits for self-employed individuals, partners, and S corporation shareholders. Deduct premiums hassle-free, no itemizing or AGI limitations.
Your Tax Documents Should Be Arriving Soon
To ensure individuals properly report all of their income, the IRS has an ever-expanding series of information-reporting forms used to advise you and the IRS of
Video Tips: Take Advantage of Your Saver’s Tax Credit
Low- and moderate-income taxpayers can save for retirement now and possibly earn a special tax credit in 2024 and years ahead.
The Litter Tax Question: A Deep Dive Into Policies
Litter taxes are a hot topic in many parts of the United States. Discover whether the policies are working here.
Qualified Small Business Stock: Do You Qualify for Its Taxab
IRC Sec 1202, Qualified Small Business Stock (QSBS) gain exclusion, provides a significant tax planning strategy.