Article Summary: Foreign-Account Reporting Requirement Financial Crimes Enforcement Network Penalties for Failure to File Types of Accounts Affected Form 8938 Filing Requirements All United States entities (including citizens and resident […]

October 2 – Fiduciaries of Estates and Trusts File a 2022 calendar year return (Form 1041). This due date applies only if you were given an extension of 5½ months. […]

QuickBooks Online offers a world-class set of bookkeeping and accounting features designed to simplify financial management tasks for all business owners. Among these features is the ability to set up […]

The electric vehicle (EV) and hydrogen electric vehicle (HEV) revolution is well underway, with an increasing number of drivers switching to eco-friendly options every day. However, as EVs and HEVs […]

Recent survey results from the Nationwide Retirement Institute shed light on the prevalent concerns surrounding the future of Social Security. Among those aged 50 and above, a staggering 75% worry that Social […]

In the dynamic realm of start-ups and venture capital, one document holds paramount importance: the term sheet. It serves as the preliminary guide, a non-binding agreement outlining crucial investment details. […]

In a tale that could rival even the most gripping golf tournament dramas, a recent event in Central Florida saw a hole-in-one winner denied her coveted prize – a brand-new […]

The early Presidential debates for the 2024 election cycle have begun, and one topic that’s expected to take center stage is the future of the U.S. tax code. Tax policy […]

When couples separate or divorce, the change in their relationship status affects their tax situation. The IRS considers a couple married for tax filing purposes until they get a final […]

Article Highlights: Promoter Pressure Special Withdrawal Option in The Works Willfully Filed Fraudulent Claims Proper ERC Claims Improper Claims Advice for Taxpayers Those Currently Awaiting an ERC Claim Those Who […]

Article Highlights: Tax Return Mistakes are Common Fixing Tax Return Mistakes Amended Return Superseding Return Don’t Procrastinate in Responding to IRS Common Family Tax Mistakes Generally speaking, tax return mistakes […]

In the dynamic world of start-ups, securing funding is the lifeblood of growth and innovation. However, as interest rates begin to rise, entrepreneurs find themselves facing a new set of […]

Article Highlights: What is unclaimed property? How can you find unclaimed property? Is the unclaimed property you find taxable? What are your chances of finding unclaimed property in your name? […]

Getting a letter from the IRS can make some taxpayers nervous – but there’s no need to panic. The IRS sends notices and letters when it needs to ask a […]

Article Highlights Starting a Business What Expenses Qualify as Start-up and Organizational Costs Tax Treatment of Start-up and Organizational Costs Common Start-up and Organizational Costs Summary Starting a business can […]

Generally, tax records should be kept for 3 years from the due date of the return to which they apply, but there are exceptions. Watch this video to learn more.