Some parents who have a legal agreement with their child’s other parent about who claims the child on their taxes may have some questions...

A new tax season has arrived. The IRS reminds taxpayers receiving Social Security benefits that they may have to pay federal income tax...

Taxpayers who adopted or started the adoption process in 2021 may qualify for the adoption credit. This credit can be applied to...

All businesses are required by law to issue a Form 1099-NEC to relevant vendors, independent contractors, and freelancers, as well as...

With tax filing season is just around the corner, this is a good time for those who don’t normally file to consider the benefits of...

It’s important for taxpayers to know the difference between standard and itemized deductions Taxpayers have two options when completing a...

The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the...

Here's a link to what the IRS suggests you do to get ready for the tax filing season: https://www.irs.gov/pub/irs-pdf/p5348.pdf

There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure...

Depreciation is an annual tax deduction that allows small businesses to recover the cost or other basis of certain property over the time...

Next year taxpayers can put an extra $1,000 into their 401(k) plans. The IRS recently announced that the 2022 contribution limit for...

Fall is here and another school year is in full swing. Many teachers are already dipping into their own pockets to buy classroom supplies...

In recent years, tax schemes and scams have been on the rise. Con artists work year-round which means taxpayers must remain vigilant to...

Here's what the right to retain representation means to taxpayers: • Taxpayers have the right to retain an authorized representative of...

Small business advertising and marketing costs may be tax deductible The tax law allows businesses to deduct expenses that help them...

There are many reasons a business owner may choose to close their doors, and there are many things that must be done to go out of...

Parents who share custody of their children should be aware of how the advance child tax credit payments are distributed. It is important...