Time is quickly running out for Congress to extend the Affordable Care Act’s enhanced Premium Tax Credits (PTCs). Lawmakers in both parties have expresse...
’Tis the season for gift card scams, unfortunately. When buying gift cards for loved ones, buy only from reputable retailers with security cameras and ex...
A recently released draft of the U.S. Senate’s Financial Services and General Government (FSGG) funding bill allocates $3.2 billion for taxpayer services...
An unexpected influx of money, such as from an inheritance, bonus, legal settlement or lottery win, can feel exciting and full of possibility. But without ...
The IRS has issued the first in a series of special “Get Ready” reminders to help taxpayers prepare for the upcoming 2025 tax filing season. It’s imp...
Are you an owner-employee of a partnership or limited liability company (LLC)? In general, business income that flows through to you for income tax purpose...
During the recent government shutdown, many of the IRS’s core functions, such as tax refund processing, audits and nonautomated collection efforts, were ...
The Inflation Reduction Act established a 1% excise tax on the fair market value of stock repurchases (often referred to as “buybacks”) made by certain...
The IRS has issued guidance for taxpayers wanting to claim new deductions for qualified tip income and qualified overtime compensation for 2025. The guidan...
Allowing employees to work remotely from other states may introduce significant tax and compliance challenges for employers. For example, when employees ar...