On March 12, the U.S. Senate passed the bipartisan 21st Century ROAD to Housing Act. Among provisions intended to boost housing availability and affordabil...
Are you a business owner or self-employed? Do you drive for business purposes? If so, you’ll be happy to know that the IRS’s standard mileage rate for ...
If the IRS flags your tax return for potential identity theft, don’t panic. According to the Taxpayer Advocate Service, the IRS suspended the processing ...
There are instances when taxpayers aren’t legally required to file a federal income tax return. This could apply if your income is under the filing requi...
Did you know you can amend your tax return if you need to revise information after you filed it? Amended returns let taxpayers fix errors or omissions — ...
Eligible taxpayers holding digital assets (such as cryptocurrency) through custodial brokers can continue using alternative methods to adequately identify ...
A Health Savings Account (HSA) can be a valuable asset in your estate. Contributions to an HSA are pretax or tax-deductible, the funds grow on a tax-deferr...
Materiality is a core concept that shapes the entire financial reporting process. In simple terms, materiality helps determine which financial information ...
If you disagree with an IRS decision, you might have the right to appeal. Eligible taxpayers should mail a written protest to the IRS address listed in the...
Retirees and soon-to-be retirees should understand Medicare’s Income-Related Monthly Adjustment Amounts (IRMAAs). These surcharges increase Part B and Pa...
