Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2022 gift tax return. And in some cases, even if it’s not required to file one, you may want...

President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous provisions that would affect the tax bills of...

The Internal Revenue Service (IRS) is once again reminding taxpayers to carefully review the Employee Retention Credit (ERC) guidelines before trying to claim the credit as promoters continue pushing ineligible people to file. An initial warning abou...

Three different cybercriminal organizations claim to have infiltrated T-Mobile in more than 100 separate incidents throughout 2022.   How it Happened In the most recent attack lasting through January 2023, hackers phished T-Mobile employees for acc...

Depending on the size of your closely held business, estate taxes can be a significant burden when you pass ownership from one generation to the next. Fortunately, the current tax code provides some relief, allowing eligible estates to defer the paym...

The Internal Revenue Service (IRS) and the Department of the Treasury recently announced final regulations updating the rules for electronically filing returns and other documents, known as e-filing. The regulations contain changes made by the Taxpay...

As a reminder, U.S. citizens, resident aliens and any domestic legal entity with foreign financial accounts must file their annual Report of Foreign Bank and Financial Accounts (FBAR) by April 15, 2023. Who Must File? The Bank Secrecy Act (BSA) manda...

With electronic payments and in-app purchases becoming so much the norm, many midsize to large companies have grown accustomed to software-driven accounts receivable. But there are some smaller businesses that continue to soldier on with only partial...