Understanding the CTA & BOI
The Corporate Transparency Act (“CTA”) was enacted by Congress on January 1, 2021, as part of the National Defense Authorization Act. The CTA includes significant reforms to anti-money laundering laws…
Saver’s Credit can help low- and moderate-income taxpayers to save more in 2024
IR-2023-222, Nov. 22, 2023WASHINGTON —The Internal Revenue Service reminds low- and moderate-income taxpayers that they can save for retirement now and possibly earn a special tax credit in 2024 and…
A bunch of EVs are going to lose their tax credit starting January 1st
"EVs with battery materials manufactured in China won’t be eligible for the $7,500 clean car tax credit starting in 2024. And that includes the Ford Mustang Mach-E." Electric vehicles with…