If you want to boost employees’ spirits without significant costs, an awards program is a low-cost fringe benefit, but some tax rules apply.

When it comes to selling your home, proactive tax planning can help you reduce your federal income tax bill. If you have a capital gain...

Health Savings Accounts (HSAs) are tax-advantaged savings vehicles for funding health care expenses not covered by insurance. And for...

As rents continue to rise in many areas, you may decide to help your financially challenged family members by renting a property to them...

Among the many challenges of parenthood is childcare for kids when school lets out. Babysitters are one option, or you might consider...

If you're a small-business owner and you hire your children this summer, you may be able to secure tax breaks and other nontax benefits.

If you received a large refund this year, you may want to adjust your withholding. Each year, millions of taxpayers claim an income tax...

Here are some final tax responsibilities to consider when closing down your business.

As a business owner of a C corporation, here are 4 steps to ensure your compensation is "reasonable" for IRS compliance purposes.

Here’s what you need to know about keeping financial records involved in your tax returns.

With a little planning, you may be able to boost your itemized medical expense deduction when you file your 2024 tax return next year....

Mistakes happen. What if you receive a refund from the IRS that you’re not entitled to? Or what if you receive one that’s more than...

As part of an ongoing initiative to combat questionable Employee Retention Credit (ERC) claims, the IRS has launched a voluntary...

One of the most common misunderstandings about filing an income tax return is the difference between deductions and credits. Deductions...

If you're preparing to file your 2023 tax return, you may still be able to lower your tax bill - or increase your refund. If you qualify,...

If you're like many Americans, your mailbox may have been filling up in recent weeks with letters from your favorite charities...

QBI may sound like the name of a TV quiz show. But it's actually the acronym for "qualified business income," which can trigger a tax...

If you and your employees will be traveling for business this year, there are many factors to keep in mind. Under the tax law, certain...

This month, the Texas legislature passed a sweeping bill to provide $18 Billion in tax cuts for Texas homeowners and small businesses. ...