You may have noticed that there is a virtual currency, or “cryptocurrency”, question at the top of your 2021 tax return. It […]

Rent is any amount paid for the use of property that a small business doesn’t own. Typically, rent can be deducted as […]

Even though the IRS issues most refunds in less than three weeks if you file electronically and choose direct deposit, some refunds […]

The term “kiddie tax” was introduced by the Tax Reform Act of 1986. The kiddie tax rules are intended to keep parents […]

The IRS is currently dealing with a huge backlog of tax returns, and stories are rampant of delayed responses to returns that […]

The deadline for filing your tax return is April 18 for most people this year (due to the Emancipation Day holiday in […]

The Internal Revenue Service announced on January 26 that all third-round Economic Impact Payments have been issued. While some payments of the […]

The IRS announced that it will issue information letters to Advance Child Tax Credit (CTC) recipients starting in December and to recipients […]

The IRS issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, […]

For many people, the end of the year is a time to review charitable gifts that have already been made during the […]