News & Insights
News
Insights
Recent Posts
- Consider an Installment Sale to Optimize Taxes When Selling Your Business
- 5 Year-End Tax Planning Strategies for Businesses
- 5 Tax-Smart Ways to Take Cash Out of Your C Corporation
- New Law Extends Tax Relief for Disaster-Related Personal Casualty Losses and More
- When One Revenue Source Carries Too Much of the Mission
- Trump Accounts Are Here: What Families and Employers Should Know
- Watch Out for the Growing Reach of the Additional 3.8% Tax on Investment Income
- How to Avoid and Correct Common Payroll Tax Mistakes
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The Best Way to Survive an IRS Audit is to Prepare
The IRS recently released its audit statistics for the 2022 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage…
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Plan Sponsor Alert: Despite Growth, HSAs Largely Untapped for Retirement Savings
Healthcare is a major cost in retirement, yet many people don’t plan effectively for it. Fidelity’s annual Retiree Health Care Cost Estimate showed that in 2022, an average retired couple…
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Virtual Currency Lands in the IRS’s Crosshairs
While the value of virtual currency continues to fluctuate, the IRS’s interest in it has only increased. In 2021, for example, the agency launched Operation Hidden Treasure to root out…
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When Can Seniors Deduct Medicare Premiums on their Tax Returns?
If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be…
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Three Tax Credit Opportunities for Manufacturers Under the Inflation Reduction Act
In 2022, Congress passed the Inflation Reduction Act (IRA), a broad piece of legislation featuring provisions to advance clean energy production and domestic manufacturing capacity. Changes to tax credits and…