IRS Audit
The IRS is at a critical juncture, facing potential funding cuts that could significantly impact its ability to enforce tax compliance, improve taxpayer services, and
December 12, 2024
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Blog
Category: IRS tax planning
IRS tax planning
The recent endorsement of an IRS-affiliated union by Vice President Kamala Harris has caused quite a stir, with critics expressing concerns about potential tax increases
December 12, 2024
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Corporate Transparency Act
Money laundering isn’t just an issue for criminal enterprises. It’s a widespread problem that can affect legitimate businesses—either through direct involvement or by unknowingly becoming
December 11, 2024
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Business Tax Incentives
The Social Security Administration (SSA) has announced a significant change for 2025: the maximum earnings subject to Social Security (OASDI) tax will rise from $168,600
December 9, 2024
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Business Tax Benefits
For decades, business owners have utilized Section 1031 of the Internal Revenue Code to defer taxes on the exchange of property used in their trade,
December 6, 2024
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Business Tax Benefits
As we gear up for the 2024 Presidential election, tax policies proposed by the candidates are front and center. Business owners are especially interested, as
December 6, 2024
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Business Tax Incentives
When you’re a business owner, taking money out of your company is necessary for personal needs and financial planning. However, how you structure these transactions
December 4, 2024
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Business Tax Benefits
When it comes to structuring your business, the entity you choose can have a profound impact on your tax liabilities, personal liability, and operational flexibility.
December 4, 2024
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Inheritance Taxes
In the recent Tax Court case Estate of Anne Milner Fields v. Commissioner, a complex estate planning scenario involving a Texas oil heiress has underscored
December 4, 2024
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Business Tax Benefits
Introduction As a business owner, navigating the complex tax landscape can be overwhelming. One aspect of the U.S. tax system that may catch you off
December 3, 2024
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