News

Thinking of investing in, or restoring, a historic building for your business? The federal tax code may reward you with a tax credit. Here’s how it works.

Curious how your crypto, NFTs or stablecoins could impact your taxes? We break down what the IRS expects and how to stay compliant when reporting digital asset transactions.

Health Savings Account (HSA) update for employers: If your business offers HSAs, the IRS recently released the 2026 inflation-adjusted amounts. Here they are, along with the benefits of HSAs.

Before you open for business, learn how start-up expenses are handled on a federal tax return.

Some birthdays come with tax consequences. Take a look at these age-related tax milestones.

Can college financial aid trigger a tax bill? Here are the tax rules for scholarships, fellowships, tuition discounts, work-study programs and other types of financial aid.

To help justify your business expenses, it’s important to keep careful business records. Here are some DOs and DON’Ts based on a recent court case.

Curious how The One, Big, Beautiful Bill could affect taxes for you and your family? Here are seven key tax breaks in the bill and what they could mean for you.

You’ve probably heard about The One, Big, Beautiful Bill in Congress. If enacted, what does it mean for your business?

Are you 65 or older and paying Medicare premiums? You may qualify for a valuable tax break. Find out if it makes sense to itemize deductions and include medical expenses on your 2025 return.

The deductibility of research and experimental expenses is limited for businesses. However, The One, Big, Beautiful Bill may significantly improve the deduction. Here’s the story.

If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.

Discover how a living trust can help you avoid probate, protect your privacy and simplify the transfer of your assets.

Turn business trips into tax breaks! Here are the rules for deducting travel without hitting turbulence with the IRS.

Having a tough year? Find out how net operating losses can convert today’s setbacks into brighter tax savings in the future.

The gig economy offers many benefits. It also comes with tax responsibilities that workers need to manage proactively to avoid penalties.

Many businesses turn to independent contractors to fill open roles and reduce costs. To avoid costly issues with the IRS, it’s important to understand the key rules that govern worker classification.

If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.

Just because you filed your 2024 tax return doesn’t mean the questions about it stop. Here are some answers.

As a C corporation or S corporation business owner, setting your own salary can be tricky. If it’s too high or too low, the IRS may step in. Here’s how to help ensure your compensation is considered reasonable, which helps keep your tax deductions intact.

Harvesting capital losses is a viable tax-saving strategy as long as you avoid the wash sale rule. Here’s how it works.

A Section 127 educational assistance plan can be a smart investment for your business. With this tax-favored benefit, employees can finish degrees, pursue graduate study and even pay off student loan debt.

As a small business owner, you might hesitate to establish a retirement plan due to the administrative complexities involved. However, there are two alternatives worth considering that come with fewer requirements than traditional qualified retirement plans.

Are you considering bringing your high-school- or college-age child into your business this summer? If you hire him or her, it could be a smart move with substantial tax advantages.

Unpaid taxes withheld from your company’s employees might come back to bite you harder than you think. Find out how the 100% penalty can sink its teeth into your personal finances.