New $7,500 Electric Vehicle Tax Credit Available
Those looking to purchase an electric vehicle could be eligible for a $7,500 tax credit from the federal government, but because of language in the recently signed Inflation Reduction Act, …
The Inflation Reduction Act: What Does It Contain?
On August 12, Congress passed the Inflation Reduction Act, over 700 pages of economic changes. What does the act do? And just as important, what does it not do? To start with …
Home Office Deductions: More Complex Than They Seem
It’s not always easy to figure out which home office write-offs are acceptable and which are not approved by the IRS. Below is a summary of the key provisions to …
Make Sure You Follow Crowdfunding IRS Rules
Crowdfunding is a method of raising money through websites by soliciting contributions from a large number of people, according to an IRS definition. One source notes that crowdfunding projects generate $17.2 …
All About Quarterly Tax Returns
IRS Form 941 is a tax form that businesses file quarterly. It is how businesses report income taxes as well as payroll taxes, Social Security, and Medicare taxes that the …
Selling Your Home: The Tax Angle
The buying and selling of homes are the largest financial transactions you may make, and as with most financial transactions, there’s a tax angle. If you know what your tax implications …