IRS to target ‘unscrupulous’ tax preparers amid crackdown of small business tax credit

[ad_1] The IRS has unveiled plans to crack down on tax preparers with “questionable practices.” This news comes amid heightened scrutiny of a popular small business tax credit. The agency’s…

Here’s what tax pros recommend after the IRS halts processing for small business tax credit

[ad_1] As the IRS pauses on processing new claims for the employee retention tax credit, or ERC, some small businesses are in limbo. The agency is working on further guidance on how…

Leveraging Data Analytics: How Can Business Intelligence (BI) Revolutionize Personal Finance Management

[ad_1] In fast-paced digital times, where data is abundant and easily accessible, data analytics has become an invaluable tool for individuals seeking to take control over their personal finances. With…

3 Steps For Small Business Owners To Avoid Common Tax Mistakes

[ad_1] For many, it is not the most wonderful time of year. Whether you do your own taxes or get professional help, tax time is usually a stressful time. This…

IRS commissioner nominee to ‘ensure that America’s highest earners comply with tax laws.’ Here are the key takeaways from Senate hearing

[ad_1] Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters President Joe Biden’s nominee to…

How to pay 0% capital gains taxes with a six-figure income in 2023

[ad_1] vitapix | E+ | Getty Images Planning to sell some investments this year? It’s less likely to affect your 2023 tax bill, experts say. Here’s why: The IRS made…

The IRS has issued nearly 8 million tax refunds. Here’s the average payment

[ad_1] Bill Oxford | E+ | Getty Images Tax season is underway, and the IRS has issued nearly 8 million refunds worth about $15.7 billion as of Feb. 3, the…

Pre-tax vs. Roth 401(k): Deciding which to use for retirement is trickier than you think

[ad_1] Prathanchorruangsak | Istock | Getty Images Whether you’re starting a new job or updating retirement savings goals, you may need to choose between pre-tax or Roth 401(k) contributions —…

IRS: Residents of more than a dozen states do not need to report ‘special payments’ for welfare, disaster relief on their federal return

[ad_1] The IRS on Friday issued federal tax guidance for millions of Americans who received state rebates or payments in 2022. The announcement came about a week after the agency…

Biden to revisit ‘billionaire minimum tax’ in State of the Union address

[ad_1] President Joe Biden delivers the State of the Union address on March 1, 2022. Win Mcnamee | Getty Images President Joe Biden will again call for a “billionaire minimum…