2021 – 11/22 – Infrastructure law sunsets Employee Retention Credit early

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law […]

The IRS has issued guidance on the timing of tax-exempt income arising from forgiven PPP loans. Three Revenue Procedures advise […]

The U.S. House of Representatives approved the Build Back Better Act on Nov. 19 by a vote of 220 to […]

The AICPA is asking Congress to direct the IRS to waive payroll tax penalties after the sunset of the Employee […]

The IRS has issued the 2022 long-term capital gains rate bracket numbers. The maximum income required to qualify for the […]

Planning to donate to charity this year? Normally, if you take the standard deduction and don’t itemize, you can’t claim […]

According to updated FAQs from the IRS, taxpayers who received 2021 advance Child Tax Credit (CTC) payments should consider providing […]

The IRS has announced its 2022 cost-of-living adjustments for more than 60 tax provisions. The 2022 adjustments generally apply to […]

On Nov. 5, the U.S. House of Representatives passed the Infrastructure Investment and Jobs Act, which includes a handful of […]

If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, […]

If you own a vacation home, you may want to rent it out for part of the year. The tax […]

If you’re receiving advance Child Tax Credit (CTC) payments from the IRS, this fast-approaching deadline may affect you. For those […]

If you’ve received an advance Child Tax Credit (CTC) payment that you don’t qualify for, the IRS says you should […]

On its website, the IRS is providing information on the effects of advance Child Tax Credit (CTC) payments on other […]

The advance child tax credit (CTC) payments begin July 15 and recipients still have the chance to opt out even […]