The IRS recently released its annual list of the “worst of the worst” tax scams currently affecting U.S. taxpayers, which it calls the “Dirty Dozen.” The agency monitors tax scams throughout the...
With the winter season behind us and warmer weather ahead, spring cleaning is rapidly approaching. One item that taxpayers consider purging are old tax records. A quick search online usually reveals...
CICPAC, the Construction Industry CPAs and Consultants group, always hosts one of the most valuable and interesting conferences to come down the pike for construction accountants. The following...
If you received either an advance payment of the child tax credit or an economic impact payment (commonly referred to as a “stimulus check” or “recovery rebate”) during 2021, you should receive a...
One of the temporary changes created with the pandemic related legislation during 2020 was an increase to the deductible limits for cash contributions to qualifying public charities and limited types...
This article is a follow-up article. Read the first part here.
Virtual currencies such as Bitcoin, Ethereum, Litecoin, and Ripple are gaining traction as viable currencies for a wide range of transactions. However, their increasing acceptance by the public also...
Congress originally passed the Section 179D deduction as part of the Energy Policy Act of 2005 in direct response to broader energy usage and energy independence concerns. Section 179D has been...
On April 21, 2021, President Joe Biden announced a paid-leave tax credit for employers that provide full pay for employees who take time off to get and recover from the COVID-19 vaccination. This tax...
