by candy | Sep 1, 2023 | Featured, IRS, Taxes
As a business owner, you may receive important letters regarding compliance requirements for your company. Among these, unclaimed property notices are significant and should be handled carefully to avoid legal issues. This blog provides an overview of unclaimed...
by candy | Aug 29, 2023 | Taxes
Are you a U.S. taxpayer living abroad? If you reside and work in a foreign country, you may be able to exclude some of your income from your U.S. federal income tax return. To qualify, you must meet certain criteria: You must have foreign-earned income. Your tax home...
by candy | Aug 11, 2023 | Taxes, Video Blogs
Transfer taxes, such as estate and gift taxes, are highly political due to two main reasons. First, they contribute a small portion of revenue to the U.S. budget compared to other taxes like income and Social Security taxes. Second, only a small number of citizens are...
by candy | Jul 28, 2023 | Taxes, Video Blogs
Tax planning for real estate activities can involve various tax considerations. One important factor is determining if a loss from real estate is limited due to insufficient basis or by the at-risk or passive activity loss rules. When there is income generated, other...
by candy | Jul 14, 2023 | Featured, News Letter, Taxes
Black CPAs were not surprised by a recent study revealing that the IRS is much more likely to audit Black taxpayers compared to non-Black taxpayers. These professionals have witnessed this disparity firsthand while working with their clients. Now that the study, led...
by candy | Jun 27, 2023 | Featured, IRS, Shared, Taxes
If you are looking to hire new employees, consider taking advantage of the work opportunity tax credit. This incentive is meant to encourage you to hire individuals facing difficulties in finding employment. The credit has been extended until the end of 2025. There...