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 modernize its technology. Business owners
December 12, 2024
Skip to content 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 modernize its technology. Business owners
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 on both individuals and businesses.
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 part of a money laundering
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 to $176,100, an increase of
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, business, or held for investment.
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 these policies could directly impact
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 can significantly impact your tax
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. Whether you’re just starting out
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 the importance of understanding how
IntroductionAs a business owner, navigating the complex tax landscape can be overwhelming. One aspect of the U.S. tax system that may catch you off guard is the Alternative Minimum Tax
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