Dirty Dozen: A Deeper Dive
Each year, the IRS releases an annual ‘Dirty Dozen’ list highlighting the top scams targeting taxpayers for the coming year. This list is not exhaustive and cannot identify every threat…
Each year, the IRS releases an annual ‘Dirty Dozen’ list highlighting the top scams targeting taxpayers for the coming year. This list is not exhaustive and cannot identify every threat…
Every state in the United States has its unique approach to taxation. Some states lean heavily on income taxes, while others rely more on sales or property taxes. Texas, however,…
Scams. Fraud. Phishing. Being a victim of any one of these comes at a real cost to businesses and individuals, both financially and emotionally. Threats continue to rise, grow and…
In February 2023, the U.S. Department of Labor, Internal Revenue Service and Pension Benefit Guaranty Corporation released Federal Register Notices announcing changes to the 2023 Form 5500 Annual Return/Report of…
Executive Summary On January 27, 2023, the IRS released Rev. Proc. 2023-09, which provides new rules and conditions for determining when common improvement costs may be included in the basis…
The IRS has released the updated tax brackets, deductions and credits for the 2023 tax year. While tax filing for this year will not happen until early 2024, it is…
The IRS has released its regularly scheduled announcement for the annual increase in the standard mileage rate (Notice 2023-03). The 2023 standard mileage rate is now 65.5 cents per mile….
Every taxpayer has felt the pain of soaring inflation in 2022 and there are no signs of relief coming soon. Taking advantage of the Last In First Out method (LIFO)…
As we wrap up 2022, it is important to take a closer look at your tax and financial plans and discuss steps that can be taken to reduce taxes. Though…
With the end of 2022 fast approaching, now is the time to review the rules and planning considerations for charitable donations. This article will help individuals assess the limits and…