The IRS put out an article on October 24, 2024, defining guidance for the Energy Efficient Home Improvement Credit. Here is the update! For home improvement items placed in...
Beneficial Ownership Information (BOI) Reporting New reporting requirements are on the horizon. How do you know if you need to file a Beneficial Ownership Information (BOI) report? According to...
In August 2022, we posted a blog about Electric Vehicle Tax Credits. Here is a 2023 update! NEW VEHICLES Now referred to at the Clean Vehicle Tax Credit, it...
The IRS is seeing a wave of summer scams mercilessly targeting taxpayers. These include email schemes promising another round of Economic Impact Payments. There is a URL link imbedded in this...
We’ve all heard and seen the barrage of promotions as aggressive marketing continues regarding the Employee Retention Credit – “Your business qualifies for up to $26,000 per employee” sound...
Let’s get ready to file 2022 Personal taxes! A little planning can make the tax preparation journey much easier. Tax law changes are minimal this year, details can be...
Tax time is almost here again! This year is a little quieter because we do not have extras like stimulus checks or Advance Child Tax Credit payments to report...
It’s almost tax time again and yes, there are some tax law changes! Let’s take a look at a few changes that affect many: The IRS recently released tax...
Thinking about buying an electric or fuel cell vehicle? You might be excited by the new tax credits that are part of the Inflation Reduction Act…but you’ll want to...
It’s harvest time, but we aren’t talking fruits and vegies, we are referring to an investment strategy that can help you save money on taxes – Cryptocurrency Tax-Loss Harvesting....