According to the Financial Crimes Enforcement Network (FinCEN) there is a nationwide surge in check fraud schemes targeting the U.S. Mail. FinCEN reports that there were over 680,000 suspicious activity […]

QuickBooks Online is a great tool for creating, storing, and sending sales and purchase forms, and for building detailed customer and vendor profiles. Maybe that’s all you want it to […]

To say that things are uncertain right now when it comes to the economy is, in all probability, a bit of an understatement. Inflation is at levels we haven’t seen […]

Article Highlights: Flexible Spending Accounts Common Features of an FSA FSA Allowable Medical Expenses Unused Amounts (Use It or Lose It) HealthSavings Accounts Enrolled in Medicare Covered Under a High-deductible […]

May 10 –  Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report […]

At the age of 46, Chamath Palihapitiya has already built for himself the type of career that most people can only dream of. After moving with his family to Canada […]

Article Highlights: General statute is 3 years Some states are longer Fraud, failure to file and other issues can extend the statute Keeping the actual return Taxpayers often question how […]

Think for a moment about the many ways that the world has changed since Steve Jobs first introduced the iPhone to the world in 2007. Overnight, entire industries were upended. […]

Generally, an individual is required to file a federal tax return for a year if their income exceeds the standard deduction for their filing status for that year. Self-employed individuals […]

If it seems like more and more employees are turning to freelance work these days, you’re not imagining things. According to one recent study, there are currently 73.3 million freelancers in […]

If you’ve been following the news recently, you’re no doubt familiar with the talk about the Internet Revenue Service hiring new agents during a time when they’ve been critically understaffed […]

Article Highlights: Early-Withdrawal Penalties Reduction in Retirement Savings  Exceptions from the Early-Withdrawal Penalty If you find yourself looking for a quick source of cash, your retirement savings may look like […]

Article Highlights: Qualified Opportunity Fund Qualified Opportunity Zones Deferred Gains 5- and 7-Year Holding Periods 2026 End of Deferral 0-Year Holding Period A Qualified Opportunity Fund (QOF) is an investment […]

Anyone who needs to pay their federal tax bill has several ways to send a payment to the IRS quickly and securely. Knowing the options to make payments helps taxpayers […]

Article Highlights: Filing Thresholds Tax Withholding Tax Credits Earned Income Tax Credit Child Tax Credit American Opportunity Tax Credit Generally, individuals are required to file a tax return for a […]

Article Highlights: Pay-as-You-Earn System Withholding and Payment Forms IRS On-line Withholding Estimator Situations Triggering Underpayments Safe Harbor Payments True Safe Harbor Under federal law, taxpayers must pay taxes during the […]