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Putting your kids on payroll for tax savings
If you are a business owner, it might be positive
Most serious problems (IRS report): #5 Lack of competency of tax preparers
In the 2023 National Taxpayer Advocate report to Congress, this organization lists a number of issues that the
Partnerships – New IRS form for property distributed in 2024, plus bonus on special transactions
The IRS has been putting more focus on partnerships in recent times. Back in June 2024, the IRS
More regulations for digital assets and crypto brokers
From the IRS release in June 2024, there will be more reporting requirements to digital and crypto brokers
IRS increases standard deductions, estate tax exemp, annual gift, etc. due to inflation for 2025
As communicated each year, the IRS has updated some of the deductions, tax exemptions, tax exclusions and other
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Not all AI that shines is gold
Probably all of us have had some interactions with Artificial Intelligence (AI) at this point. Either providing more advanced search results, creating
Saver’s Match – Expanded from 2027 with contribution from Treasury
Back in 2022, the Secure Act 2.0 was passed and made numerous changes in retirement plans and individual retirement plans, included in
Misleading consumers? Deceptive claims? Get ready to pay millions in fines
The Federal Trade Commission is extremely busy targeting businesses that are misleading consumer or employ deceptive claims for money making opportunities.