Category: Individual Tax
On March 27, 2020, the Coronavirus Aid, Relief Economic Security Act (CARES) was signed into law. One section of this $2trillion stimulus package…
The IRS looks at both higher-grossing sole proprietorships and smaller ones. Sole proprietors reporting at least $100,000 of gross receipts on…
Myth. 1: Filing Late or Amended Tax Returns Might Trigger an IRS Audit
Truth 1: Filing prior years does not trigger audits automatically. Audits…
The Tax Cuts and Jobs Act of 2017 eliminated some beneficial deductions and credits. It was the largest tax overhaul in 30 years, the law could be a…
The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related…