Over the past year, efficient cash-flow management has become more crucial than ever. The COVID-19 pandemic sent businesses across the country into a frenzy, with many pivoting their business models on a dime to continue to serve their customers. For...

The May 17 deadline for filing your 2020 individual tax return is coming up soon. It’s important to file and pay your tax return on time to avoid penalties imposed by the Internal Revenue Service (IRS). Here are the basic rules. Failure to Pay Sepa...

In recent months, there have been a number of tax changes that may affect your individual tax bill. Many of these changes were enacted to help mitigate the financial damage caused by COVID-19. Here are two changes that may result in tax savings for y...

The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine your “basis.” How It Works You can claim an itemized deduction on your tax return for real estate taxes ...

When you file your tax return, you must check one of the following filing statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Who qualifies to file a return as a head of household, which is ...

With the rise in unemployment filings and expanded unemployment benefits introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, several states across the nation are experiencing a surge in fraudulent unemployment claims...

The Internal Revenue Service (IRS) may have extended the filing deadline for federal income tax returns to May 15 (or June 15 for taxpayers in declared disaster areas), but the April 15 deadline remains for filing federal gift tax returns. Taxpayers ...

Many Texas residents devastated by the winter storms in February 2021 may be eligible for property tax relief thanks to an exemption included in the Texas tax code. Based on the Texas property tax rules, property owners who experience significant pro...