Filing Cash Transaction Reports for Your Business
Does your business receive large amounts of cash or cash equivalents? You may be required to begin filing cash transaction reports with the IRS […]
Stepped-Up Basis of Inherited Property
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. Generaly, there […]
Are Scholarships Tax-Free or Taxable?
COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even if it’s just for online learning, and […]
Back-to-School Tax Breaks
Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may be eligible for certain […]
How Fraudsters Steal Unemployment Benefits
When Congress authorized an additional $600 in monthly unemployment benefits as part of the CARES Act, out-of-work Americans weren’t the only ones it helped. Criminals have descended […]
Why is Partner Taxable Income Different than Cash Received
If you’re a partner in a business, you may have come across a situation that gave you pause. In a given year, you may […]
Bartering is a Taxable Transaction
During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of […]
Protect Customer Data When Working Virtually
With cyberthieves active during COVID-19, the Internal Revenue Service and its Security Summit partners today urged tax professionals and other […]
Crime Has Adapted to COVID-19
Unlike some legitimate businesses, organized crime enterprises can be expected to weather the current COVID-19 crisis. In fact, with millions of Americans now working […]
Make Sure Your Withholding is Adequate
Did you recently file your federal tax return and were surprised to find you owed money? Make sure your withholding is adequate so that this doesn’t happen […]
