The Biden administration is ramping up new audit teams and regulations to collect some $50 billion in taxes over the next decade from business partnerships
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Eric A. Kreuter, PhD, CPA, CGMA, CFE, CASAC-T, and Andre Roland Castillo, MBA, CPA, ABV, CFF, CFE, and Ryan Constantino Finance-related disputes are inevitable in
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Many nonprofits that were affected by the COVID-19 pandemic have financially benefited from claiming the Employee Retention Credit (ERC). But the ERC has become the
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The Internal Revenue Service is once again waiving the hefty penalties for taxpayers who haven’t taken their required minimum distributions on the traditional IRAs they
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Editor’s Note: The following article by David T. Wolfe and Dana R. Hermanson was originally published in the December 2004 CPA Journal and appeared online
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Capital gains taxes are the price of making a good investment. They’re levied on profitable stock trades and real estate deals and can also apply
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Clients who extended the deadline to file a federal tax return to October 15 might feel that they’ve got forever to get their taxes done,
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Today, cybercriminals are developing ever more sophisticated ransomware tactics, social engineering scams, and brute force attacks on organizations’ operations and their data. The same advancements
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Many business owners want to keep their family business within their families. But demographics and generational issues are making that tougher. Companies are often heirless,
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Background The ERC was initially enacted in March 2020 as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide eligible employers
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Clients nearing Medicare age should know about IRMAA (Income-Related Monthly Adjusted Amount), inflation-adjusted surcharges on parts B and D of Medicare. IRMAA surcharges—which first appeared
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State and local taxes are arguably the most complex part of the tax system in the U.S., and for businesses that operate across state lines,
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