Uncertain Tax Position? File Form 8275 to Avoid Penalties
May 26, 2023
Are you considering a bold tax position that may significantly reduce your taxes? If approved by the IRS, it’s a win. But if disapproved, be
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Are you considering a bold tax position that may significantly reduce your taxes? If approved by the IRS, it’s a win. But if disapproved, be
The IRS recently issued new guidance on electric vehicles. There are four ways you can potentially benefit from a federal tax credit for an EV
I know you have been thinking about employee fitness and possibly a gym or other athletic facility. To be tax deductible, your gym or other
Health Savings Accounts (HSAs) are designed for use alongside high-deductible health plans, assisting you in covering your medical expenses. They can also function as an
The $75 rule applies to certain business expenses where you do not need a receipt. But I emphasize that this rule does not apply to
I’m reaching out to remind you of two important issues related to health insurance deductions for S corporations. First, if you own more than 2
In 1986, lawmakers drove a stake through the heart of your rental property tax deductions. That stake, called the passive-loss rules, causes myriad complications that
Are you ready for the new tax law changes coming in 2023? Because it’s a whole new ball game! Here are the major changes that
Sometimes debts can pile up beyond a borrower’s ability to repay, especially if we are heading into a recession. But lenders are sometimes willing to
Crowdfunding is a national and international phenomenon. Over $17 billion is raised yearly in North America through world-famous websites such as GoFundMe and Kickstarter. All
If there is one thing that is bothering the political set up, people and the investor community, it is the state of economy. However, numbers
Amazon Founder Jeff Bezos’s recent warning about the recession looming large and cautioning people to tread cautiously against big ticket spending sums up the sign
We are in the midst of challenging times with a few predicting a looming economic crisis and some experts expressing that we are already in