Tips on How to Choose a CPA Correctly
When hiring an individual or CPA firm to prepare a tax return, filers need to understand who they're choosing and what important questions to ask.A...
Insights: tax
GoFundMe Tax Implications
GoFundMe is a popular crowdfunding platform that allows individuals to raise money for personal or charitable causes. But when it comes to taxes,...
IRS Sets January 23 as Official Start to 2023 Tax Filing Season
The Internal Revenue Service announced the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax...
2022 Year-End Tax Planning for Businesses
U.S. businesses are facing pressure to drive revenue, manage costs and increase shareholder value, all while surrounded by economic and political...
2022 Year-End Tax Planning for Individuals
With rising interest rates, inflation, and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash...
Senate approves inflation reduction act with changes to tax provisions
Twelve days after Sens. Joe Manchin (D-WV) and Charles Schumer (D-NY) announced that they had reached an agreement on healthcare, climate, and tax...
Key Impacts of the Final Foreign Tax Credit Regulations
The U.S. Department of the Treasury and the Internal Revenue Service released final regulations on the foreign tax credit (FTC) on December 28, 2021....
4 Tips for Working With a Resource-Constrained IRS
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource constraints on...
NFT Investments Taxes Overview
Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata. They are usually bought and sold...