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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 […]
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2021 – 11/19
The IRS has issued guidance on the timing of tax-exempt income arising from forgiven PPP loans. Three Revenue Procedures advise […]
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2021 – 11/19
The U.S. House of Representatives approved the Build Back Better Act on Nov. 19 by a vote of 220 to […]
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2021 – 11/11
The AICPA is asking Congress to direct the IRS to waive payroll tax penalties after the sunset of the Employee […]
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2021 – 11/11
The IRS has issued the 2022 long-term capital gains rate bracket numbers. The maximum income required to qualify for the […]
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2021 – 11/09 – Feeling generous at year end? Strategies for donating to charity or gifting to loved ones
Planning to donate to charity this year? Normally, if you take the standard deduction and don’t itemize, you can’t claim […]
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2021 – 11/10
According to updated FAQs from the IRS, taxpayers who received 2021 advance Child Tax Credit (CTC) payments should consider providing […]
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2021 – 11/10
The IRS has announced its 2022 cost-of-living adjustments for more than 60 tax provisions. The 2022 adjustments generally apply to […]
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2021 – 11/08
On Nov. 5, the U.S. House of Representatives passed the Infrastructure Investment and Jobs Act, which includes a handful of […]
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2021 – 10/18 – Get your piece of the depreciation pie now with a cost segregation study
If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, […]
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2021 – 10/12 – Vacation home: How is your tax bill affected if you rent it out?
If you own a vacation home, you may want to rent it out for part of the year. The tax […]
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2021 – 08/24
If you’re receiving advance Child Tax Credit (CTC) payments from the IRS, this fast-approaching deadline may affect you. For those […]
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2021 – 07/27
If you’ve received an advance Child Tax Credit (CTC) payment that you don’t qualify for, the IRS says you should […]
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2021 – 07/19
On its website, the IRS is providing information on the effects of advance Child Tax Credit (CTC) payments on other […]
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2021 – 07/15
The advance child tax credit (CTC) payments begin July 15 and recipients still have the chance to opt out even […]
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