Capital Gains and Losses Summary
We often receive questions about the tax treatment of capital gains and losses, we’ve provided the following summary to offer some clarity on the topic.
Cryptocurrency Reporting
The IRS treats virtual currency as property rather than currency. Sales or exchanges of property create capital gains and losses. This can lead to complex cryptocurrency reporting
Providing fringe benefits to employees with no tax strings attached
Businesses can provide fringe benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of these benefits.
Inflation Reduction Act expands deductions for energy-efficient construction
The recently enacted Inflation Reduction Act (IRA). To that end, the legislation is packed with deductions for energy-efficient construction.
The Inflation Reduction Act: what’s in it for you?
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments.
2022 Estimated Tax Payments
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments.
Work Opportunity Tax Credit provides help to employers
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers.
Seller-paid points: Can homeowners deduct them?
If you’re buying a home, or you just bought one, you may wonder if you can deduct mortgage points paid on your behalf by the seller.
2022 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some of the key Q4 2022 deadlines affecting businesses and other employers
Clean Vehicle Credit comes with caveats
While the clean vehicle credit is promising, questions have arisen about how immediate its impact will be. Here’s what you need to know.
Interested in an EV? How to qualify for a powerful tax credit
Sales of electric vehicles (EVs) have increased dramatically in the U.S., if you buy one, you may be eligible for a federal EV tax credit.
Self-employed? Build a nest egg with a solo 401(k) plan
Consider a solo 401(k) if you have healthy self-employment income and want to contribute substantial amounts to a retirement nest egg.
How to treat business website costs for tax purposes
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted.
Did You Know – Partners may have to report more income on tax returns than they receive in cash
Partnership tax rules and how they are taxed
Health Savings Accounts (HSAs) – 2023 Inflation Adjusted Amounts
The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs).