Tax and Education Credits 2021
Taxpayers who have to write big checks for higher education can see tax savings when filing tax returns next year. If you, your spouse, or your dependents are taking postsecondary …
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Tax Rules for Handling Large Cash Payments
The Internal Revenue Service is reminding businesses of their responsibility to file Form 8300, Report of Cash Payments Over $10,000, and encourages e-filing to help them file accurate, complete forms. Although many …
Worried About Fraud in Your Business?
Whether you’re concerned about external or internal fraud, you can only do so much to prevent and control it. The situation, however, is not as dire as it may sound. …
Work Opportunity Tax Credit Reauthorized Through 2025
Enacted in 1996, the Work Opportunity Tax Credit (WOTC) is a federal tax credit that eligible employers can claim if they hire eligible individuals who have consistently faced stringent barriers …
Balance Sheets and Property Profitability for Brokers
Owning a real estate business comes with a host of responsibilities, including understanding your balance sheet. A company’s balance sheet reports a company’s assets, its liabilities and shareholders’ equity at …
IRS Grants More Due Date Breaks
The IRS has announced that individuals have until May 17, 2021, to meet certain deadlines that would normally fall on April 15. This follows a previous announcement from the IRS on March …