July brides and grooms take note: Marriage alters your tax status and adds a few more to-dos to what’s probably a long list. If one or both of you change your names, notify the...
The IRS is warning taxpayers about a new fraud scam. Be suspicious if you receive a cardboard envelope from a delivery service claiming to be from the IRS. The enclosed letter will be riddled...
New IRS guidance addresses elective payment provisions of the Advanced Manufacturing Investment Credit (AMIC). Created as part of the CHIPs Act, the AMIC is available to certain U.S. manufacturers of semiconductors and semiconductor manufacturing...
Businesses need to be aware of the rules for backup withholding, if required. Backup withholding, currently 24%, applies to income not typically subject to withholding. If your business makes certain payments to people...
Did you request an automatic extension to file your 2022 tax return? If so, you still have until Monday, Oct. 16 to file, but there might be significant advantages to filing ahead of the...
The IRS is issuing a last call to nearly 1.5 million taxpayers to claim their refunds for tax year 2019 by filing a tax return before the July 17, 2023, deadline. For these unclaimed...
Summer is a time when many people move. If that includes selling your home, you may qualify to exclude some or all gain you might have from the sale when you file your taxes....
When filing your tax return, be aware that not all income is taxable. Some income is partially taxed or not taxed at all. Here are just some of the nontaxable items: qualifying adoption expense...
For many students, the school year is winding down and summer vacations are beginning. Teachers often use this time to add up the expenses they incurred over the previous year. To help offset some...
Individuals who travel for business may be eligible for tax deductions. The IRS defines a “business traveler” as an individual who travels away from home for longer than an ordinary day’s work and needs...