
The Benefits Of Choosing A Living Trust When Estate Planning
Because of the generous federal estate tax exemption of $12.92 million for 2023 (effectively $25.84 million if you’re married), you may think you don’t need to make any estate planning
Because of the generous federal estate tax exemption of $12.92 million for 2023 (effectively $25.84 million if you’re married), you may think you don’t need to make any estate planning
The IRS will closely review any deductions you’re claiming for business meals or auto expenses. In some cases, taxpayers have incomplete documentation or try to create records months (or years)
The ‘gig’ economy has become ‘the norm’ in recent years. You may think of gig workers as those who deliver food, walk dogs, and drive for ride-hailing services, but so-called
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for HSAs. HSA Fundamentals An HSA is a trust created or organized exclusively for the purpose of paying the ‘qualified
If you’re approaching retirement, you’ll soon experience changes in your lifestyle and income sources that could have numerous tax implications. Here’s a brief summary of four tax and financial issues
ID.me simplifies how individuals prove and share their identities online. The idea is that you’ll have to verify your identity once and not have to reverify your credentials every time
Independent contractors are often used by organizations to help keep their costs down — especially in these times of staff shortages and inflationary pressures. If you have workers that fall
You may think you’re done with taxes for another year after you’ve successfully filed your 2022 tax return with the IRS. However, you might have lingering questions about the return.
Whether you’re a startup or an established organization, losses can happen. The federal tax code may help soften the blow by allowing organizations to apply losses to offset taxable income
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