News

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

IR-2023-222, Nov. 22, 2023 WASHINGTON —The Internal Revenue Service reminds low- and moderate-income taxpayers that they can save for retirement now and possibly earn a

“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

The child tax credit is a federal tax benefit that plays an important role in providing financial support for American taxpayers with children. People with

If you are self-employed there are many deductions you can claim against your business income on your 2023 tax return, including travel and home office

IR-2023-208, Nov. 9, 2023 WASHINGTON — The Internal Revenue Service today announced the annual inflation adjustments for more than 60 tax provisions for tax year

An IRS online account is a safe and easy way for individual taxpayers to view specific details about their federal tax account. Here are some of the benefits

The Internal Revenue Service reminds families, teens, and senior citizens about the continued importance of protecting personal and financial information (.pdf) online. Here are a

The Pass-Through Entity Tax (PTET) is an optional New York State tax that eligible corporations or pass-through entities (S-Corp, multi-member LLC and Partnerships) may elect

By Leada Gore | lgore@al.com The Internal Revenue Service is boosting its optional standard mileage rate for 2024.   Beginning Jan. 1, 2024, the standard mileage

If you’ve poured cash into money market mutual funds, you could see a higher 2023 tax bill in April. But other investments could reduce your 2024 taxes,

The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed a pandemic-era tax break as the agency continues its crackdown on “dubious” filings. Created to