The Qualified Opportunity Zone (QOZ) program offers big tax breaks for capital gains on long-term investments in designated low-income communities. Now, un...
If you’ve been burned after lending money to a friend or family member who didn’t pay you back, take heart: You may be able to deduct your loss. For fe...
Is your business prepared to implement the SECURE 2.0 Act’s Roth catch-up contribution rule? The rule requires that catch-up contributions made by certai...
On Oct. 1, the IRS began phasing out paper tax refund checks for individuals. The National Tax Advocate (NTA) has detailed how this will affect taxpayers. ...
Are you considering donating your car to charity? You must itemize your deductions to deduct your donation. Unless the donated vehicle is being used by the...
In recent years, social media has played a prominent role in disseminating various tax fraud schemes. One common scam urges individuals to complete Forms W...
The One Big Beautiful Bill Act made 100% bonus depreciation permanent for businesses that purchase and place into service qualified new or used property af...
If you expect to be in a higher tax bracket in the future, you may be able to proactively avoid higher taxes on retirement funds by converting part or all ...
Did your nonprofit organization opt last May for an automatic six-month extension for filing Form 990, Return of Organization Exempt from Income Tax? If so...
As the holiday season approaches, you may be thinking about volunteering for a charity. Volunteering can provide tax-saving opportunities if it’s for an ...