IRS Provides Guidance on Schedules K-2 and K-3
The IRS has provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to …
Taxes and Business Startups
Have you given thought to your tax responsibilities, and the choices you need to make about them, as you start a business? To begin with, you have to consider what …
Can you lower your property taxes?
Property taxes can be confusing, as there doesn’t appear to be an obvious, consistent rate. Still, there is a method to the apparent madness. First, understand that property taxes are …
Capital Gains and Home Sales
There’s a good chance that the profit from your home sale will not be taxable. Unmarried individuals can exclude up to $250,000 in profits from capital gains tax when they …
IRS Offers Guidance on ERC
The IRS has issued guidance for employers regarding the retroactive termination of the Employee Retention Credit. The Employee Retention Credit now applies only to wages paid before October 1, 2021, …
Figuring Out Your Business Taxes
Think you’re ready for tax time? Take the test. The type of business will determine the type of taxes that will be required to be remitted. Here is a list …