There’s a favorable “stepped-up basis” if you inherit property
April 21, 2023
If you’ve inherited assets or you’re planning your estate, it’s crucial to understand the “step-up” basis rules.
Take advantage of the rehabilitation tax credit when altering or adding to business space
April 18, 2023
The federal tax code encourages businesses to invest in historic buildings with a tax credit. Here are the rules.
End of COVID-19 public health emergency may affect employers’ health plans
April 14, 2023
The end of the COVID-19 public health emergency, as declared by the federal government, will affect the administration of group health plans. Here’s what employers need to know.
Paperwork you can toss after filing your tax return
April 13, 2023
Want to do some spring cleaning and get rid of tax documents? You don’t want to clear out records that the IRS might request in an audit. Here are the general rules.
Demystifying deferred taxes
March 31, 2023
When reviewing a company’s financial statements, you may wonder: What are deferred taxes and how does the company quantify them? Wonder no more.
Some taxpayers qualify for more favorable “head of household” tax filing status
March 28, 2023
You may pay less tax if you file your tax return as a “head of household” than if you file as a “single” individual. What’s the difference?
