Visit our NEWS page for frequent Tax Updates. 

With autumn coming up in a couple months, it's time to think about "harvesting" capital gains or losses from sales of securities. In...

Nowadays, many employer retirement plans give employees the option of contributing to designated Roth accounts (DRAs). According to a...

If you're eligible for advance child tax credit (CTC) payments provided by the American Rescue Plan Act, you might wonder whether you...

The Department of Labor's Employment and Training Administration (ETA) reports "unprecedented increases in unemployment insurance (UI)...

Families may be able to cash in on various tax credits to offset their tax liability on a dollar-for-dollar basis. Plus, recent...

Data collection from employers isn't new. The Equal Employment Opportunity Commission (EEOC) has been harvesting employment-related...

Many privately held businesses have incurred losses during the COVID-19 pandemic. Unfortunately, the federal income tax passive activity...

How can tenants pay their regular monthly rent bills if they're out of job? As unemployment skyrocketed due to the COVID-19 pandemic,...

In recent years, the Equal Employment Opportunity Commission (EEOC) has annually fielded around 25,000 alleged violations related to the...

If you've had to lay off employees as far back as Nov. 1, 2019, a tiny portion of the $1.9 trillion American Rescue Plan Act (ARPA) might...

Not all employers are bound by the record-keeping and reporting requirements established by the Occupational Safety and Health...

As millions of people sign up for COVID-19 vaccines across the United States, dishonest people see yet another opportunity to defraud,...

The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the...

The American Rescue Plan Act (ARPA) was signed into law on March 11, 2021. The new law will provide roughly $1.9 trillion in much-needed...

Tax season has started. Your tax professional is ready to prepare your 2020 federal and state returns — but are you ready? The pandemic...

Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for...

Goodbye, 2020. Hello, tax season. Individual taxpayers have until April 15, 2021, to pay Uncle Sam for taxes owed for 2020. (Remember,...

Attempts to claim write-offs for bad debt losses have fueled controversies with the IRS for many years. Unfortunately, bad debt losses...

President Trump signed the Consolidated Appropriations Act (CAA) into law on December 27, 2020. The legislation adds a few new tax breaks...

The massive COVID-19 relief bill signed by President Trump on December 27, 2020, contains a variety of tax breaks and authorizes direct...