Understanding the Implications of TCJA income tax provisions set to expire
Evaluate your individual income tax plan for effects of TCJA provisions expiring in 2026.
Classroom costs and tax relief: understanding the educator expense deduction
Are you an educator seeking ways to maximize your tax savings? Discover how classroom costs can equate to tax relief in our latest article, providing clear insights for educators to save money.
Understanding and claiming bad debt deductions for your business
Struggling with uncollectible debts? This article explains how to manage bad debts, including how to report them, track allowances, and handle unexpected repayments—all while staying compliant with tax rules.
New Accounting Briefs on lease accounting
New guidance from RSM may help you address post-implementation issues with ASC 842, Leases.
Hope for pre-election legislative action on R&E expensing, other tax relief, ends in the Senate
Senate does not advance House-passed measure that would have temporarily restored R&E expensing, full bonus depreciation, and an EBITDA based interest deduction limitation standard
Understanding the timeframe for IRS audits
Ever wondered how long you could be subject to an IRS audit? Our latest article breaks down the complexities of IRS audit timeframes.
Beware of new scam involving clean energy tax credits
Beware of a new IRS scam involving clean energy tax credits, where scammers are misrepresenting the rules to unsuspecting taxpayers. Learn how this scam works and discover tips to protect yourself from falling victim.
IRS extends tax filing deadline for taxpayers in certain Texas counties
IRS grants disaster relief to taxpayers located in certain counties in Texas. Affected taxpayers have until Feb. 3, 2025, to file returns and make payments.
IRS moves forward in Employee Retention Credit processing
The IRS is making significant strides in processing Employee Retention Credits. Gain a deeper understanding of these recent updates and their implications for your business. Stay ahead of the curve by reading our latest article.
Tax implications of legal gambling
With the rise of legal sports betting and online gambling, it’s crucial to understand the IRS reporting requirements associated with your winnings. Discover the thresholds for different types of gambling and how to report your earnings accurately. Learn how to avoid potential penalties and comply with IRS regulations.