LATEST NEWS
Mid-Year Report to Congress Issued by the IRS National Taxpayer Advocate
In the IR-2025-71, the IRS shared the mid year report
Impacted by a Ponzi scheme? You might be able to deduct the loss faster
In early January 2024, the IRS updated the post titled Help for Victims of Ponzi Investment Schemes which
Remember to claim the energy efficient home and residential clean energy credits
If you are doing improvement work in your home, you should consider the energy efficient and residential clean
Are you a visual person? Enjoy the 1) Tax burden by State and 2) American frustration with the tax system
If you are a visual person, probably, you are aware of Visual Capitalist, a website that contains great
IRS Strategic Operating Plan update released: a) better service b) more audits and c) more 60% funding
Early March 2024, the IRS released their Strategic Operating Plan Update in their IR-2024-130 communication with the following
MORE NEWS
PA businesses can receive a 75% to 90% tax credit for contributions to educational improvement organizations
If you are a business in PA, you might consider a contribution to an approved Educational Improvement Organizations. If you are a
Teachers, instructors, principals, and other educators remember the $300 expense deduction
If you are a teacher, instructor or any other educator (even if part time as the rule is at least 900 hours)
Summer camp expenses? After school classes or sports? Child and Dependent Care tax credit might help
If you have kids under 13 that have after (or before) school activities (i.e. soccer, basketball, dance, etc.), daycare, or even summer