IRS Guidance Regarding Qualified Medical Expenses
If you itemize deductions on your tax return, you may be curious as to what medical expenses can be included. Recently, the IRS issued FAQs regarding when certain costs are
If you itemize deductions on your tax return, you may be curious as to what medical expenses can be included. Recently, the IRS issued FAQs regarding when certain costs are
An EAP is a popular fringe benefit that allows employees to pursue additional learning opportunities and possibly earn a degree with financial assistance from their employers. One way to attract,
You likely noticed something new on your tax return this year if you’re a crypto investor or user. You also may soon notice a new form reporting requirements for digital
If you’re an owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason:
A common question people have when planning their estates or inheriting property is: For tax purposes, what’s the ‘cost’ (or ‘basis’) an individual gets in property that they inherit? This
As a business grows, more space is often needed. If your business occupies substantial space and needs to increase or move from that space in the future, you should keep
After filing your 2022 tax return, you may wonder what personal tax documents you can throw away and how long you should keep certain records. If the IRS audits your
Are you considering setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved? If so, there are a couple
If you’re an art collector, you may be curious about the tax breaks available for donating a work of art to charity. Several different tax rules may apply in connection
Summer is coming soon so you may be thinking about hiring young people at your small business. At the same time, you might have children looking to earn extra spending