Charitable organizations recognized by the IRS as tax-exempt can enjoy tax-favored status if they strictly follow IRS rules. Among other things, nonprofits...
If you’re a taxpayer who must make quarterly estimated tax payments, don’t let the next due date sneak up on you. The third estimated payment for 2025 ...
Republicans on the U.S. House’s Ways and Means Committee want the IRS to use AI technologies to help enforce tax laws. Two committee members have introdu...
If you called the IRS during the recent tax season, how long did you wait to speak to a representative? The Treasury Inspector General for Tax Administrati...
For many businesses, accounts receivable (AR) is one of the largest assets on the balance sheet. It represents the cash you’ve earned but haven’t yet c...
Make no mistake, serving as an executor (or a “personal representative” in some states) is an honor. But the title also includes significant responsibi...
Last month, the U.S. and the European Union (EU) announced the “framework” of a trade deal regarding tariffs. Since then, officials have been hashing o...
The expiration dates of several clean energy tax credits and deductions have been accelerated under the One Big Beautiful Bill Act. The IRS has published a...
During the lengthy debate over provisions of the One Big Beautiful Bill Act, we often heard tax deductions described as “above-the-line” or “below-th...
Tax law permits taxpayers to deduct donations to qualified charities, but the donor must be able to prove the donation. For cash gifts of $250 or more, you...