Watch Out For The Approaching 2022 Gift Tax Return Deadline
Did you make large gifts to your loved ones or other heirs last year? If so, it’s important to determine whether you’re required to file a 2022 gift tax return.
Did you make large gifts to your loved ones or other heirs last year? If so, it’s important to determine whether you’re required to file a 2022 gift tax return.
The Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law a few years ago. However, it’s impact is ongoing. Several provisions in the law have expired or
The definition of an independent contractor vs. an employee may be changing soon. A Department of Labor (DOL) proposal suggests revamping employee classification, reclassifying workers who are economically dependent on
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss
Under tax law, businesses are typically able to deduct advertising and marketing expenses, which help to either retain or bring in customers. This valuable tax deduction can help businesses cut
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for ‘personal physical
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d
If you’re getting ready to file your 2022 tax return, there may still be an opportunity to reduce your tax bill if it’s higher than you’d like it to be.
During the COVID-19 pandemic, many people began working from home and now, many still work from their home offices either full-time or on a hybrid basis. If you’re self-employed and
If you’re a parent, you may be confused about the rules for claiming the CTC. The rules and credit amounts have changed significantly over the last six years. This tax