By Brad Guerrero With a new year comes changes to the tax code. We want to take this opportunity to inform you of the tax law changes you should expect
By Jaclyn Martello With the upcoming tax season, it’s our objective to equip you with an understanding of recent tax law changes that may provide a tax savings compared to
Effective January 1, 2024, most new and existing corporate entities in the United States will be required to file reports on their beneficial owners with the federal government. These requirements
By James Santiago As part of an agreement to avert a partial governmental shutdown, the Senate Finance Committee and the House Ways and Means Committee announced a bipartisan, tax framework
By Steven Gamboa and Pavan Rajput Remaining compliant with IRS guidelines and regulations is essential for any individual and business. Forms 1099 play a major role during tax preparation since
Filing status is something that determines the tax return forms a taxpayer must use when filing their taxes and is tied to the taxpayer’s marital status. Filing status is determined
The kiddie tax is a US tax provision passed to discourage parents from giving their children unearned income to avoid paying higher tax rates. The Kiddie Tax’s age range and
What is a K-1 Tax Form? A K-1 is used to report a beneficiary’s, partner’s, or shareholder’s share of income, credits, deductions, and more on your personal Income Tax Return.
Research and development (R&D) is a very important part of the current US and international business climate, and certain tax incentives associated with these expenses are crucial to give innovators
It’s critical for business owners and independent contractors to comprehend the tax benefits associated with automobile expenses. Individuals or businesses that use their automobile for business purposes can deduct it