Understanding the Taxability of NFTs

Understanding the Taxability of NFTs

Tax authorities worldwide are deciding how to tax non-fungible tokens. Now is the time to get clarity on this quickly evolving phenomenon. You might be wondering what non-fungible tokens (NFTs) are all about. An NFT is a digital certificate of ownership and...
Can You Claim the Home Energy Tax Credit?

Can You Claim the Home Energy Tax Credit?

As a homeowner, you may be eligible for an energy-efficient home improvement credit if you’ve performed a home energy audit. The Internal Revenue Service (IRS) offers this credit as an incentive for making certain energy-efficient upgrades to your home. ...
Organization for Audits and Tax Preparation

Organization for Audits and Tax Preparation

The run-up to tax season can be one of the most stressful times of the year for a small- or medium-sized business. Receipts can be haphazardly thrown together (with only a reasonably high level of confidence as to relevance). It seems a checking or credit card...
BOI Filing Requirements

BOI Filing Requirements

Are you an officer of a corporation? Are you aware you may be required to file a new form called Beneficial Ownership Information? Failing to do so could result in costly penalties. As of January 1, 2024, the Financial Crimes Enforcement Network (FinCEN), a bureau of...

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