Federal EV Tax Credits: Should They Stay or Go?

, , , ,
The debate over federal tax credits for electric vehicles (EVs) is as electrified as the cars themselves. These credits, designed to incentivize the adoption of EVs, have sparked contrasting opinions about their effectiveness, fairness, and…

You May Receive a Form 1099-K This Year: What It Means for Your Taxes  

, ,
Article Highlights: Historical Context of Form 1099-K The Evolution of Reporting Thresholds Current Reporting Threshold for 2024 Implications for Recipients of Form 1099-K Impact on Tax Reporting Individuals Selling Personal…

Tax Avoidance and Hollywood’s Golden Age: A Glitzy Game of Loopholes

Tax avoidance has long been a contentious topic in the business world, but few industries blend its complexities with glamour quite like Hollywood. During the Golden Age of Hollywood, a period marked by glittering stars and box office dominance,…

Tax Season Is Coming: Here’s a Laugh Before the Madness Begins

,
As tax season approaches, the annual rush to gather documents, crunch numbers, and meet deadlines can be overwhelming. Amid the seriousness of tax preparation, it's refreshing to remember that the world of taxes is also filled with quirky, humorous,…

Start Off on the Right Foot for the 2025 Tax Year

,
 Article Highlights:  W-4 Updates W-9 Collection Estimated Tax Payments Charitable Contributions Required Minimum Distributions Gifting Retirement Plan Contributions Beneficiaries Reasonable Compensation Business-Vehicle…

How to Handle IRS Letters During Filing Season: What You Need to Know for 2025

, , ,
The dreaded moment arrives: you check your mail, and there it is—a letter from the IRS. Your heart sinks. What could it be? A mistake? A penalty? A request for missing information? If this sounds familiar, you’re not alone. During filing…

Top Year End Tax Strategies to Boost Your Business Bottom Line

,
Article Highlights: Accelerate Business Expenses Review and Adjust Payroll Manage Inventory and Cost of Goods Sold Optimize Retirement Contributions Charitable Contributions Business Advertising Filing Obligations and…

Tax-Free Weekends Guide: September – December 2024

, , ,
Looking to stretch your dollars further before the end of the year? Tax-free weekends offer a fantastic opportunity to save on essential purchases. From school supplies and clothing to technology and holiday gifts, these special state-sponsored…

Cash In on Global Wealth: How Working Abroad Can Slash Your Tax Bill and Expand Your Horizons

, ,
Article Highlights: Qualifications Tax Home in a Foreign Country Foreign Earned Income Bona Fide Residence Test Physical Presence Test Foreign Housing Exclusion and Deduction Married Couples Self-Employed Individuals …

Can States Save Seniors? Fighting the Rising Costs of Property Taxes

, ,
Property taxes are a significant financial burden for many Americans, particularly senior citizens. Rising property taxes have begun to jeopardize the financial stability of older adults living on fixed incomes. In response, some states are…