Recent Articles
Unlocking Tax Savings: Essential Deductions for Gym Owners
Discover the Key Tax Deductions That Can Strengthen Your Fitness Business As a gym owner, you work tirelessly to help people achieve their fitness goals. But did you know that there are valuable tax deductions available to help strengthen your...
IRS and Treasury Provide Further Guidance for Qualifying Advanced Energy Project Credit.
Updated regulations outline an application process and technical guidance for the qualifying advanced energy project credit program under section 48C of the Internal Revenue Code. The IRS and Treasury Department have issued updated regulations for the qualifying advanced energy project...
Amending Your Tax Return: Form 1040-X and Deadlines
Discover how to correct errors and make amendments to your recent tax return using Form 1040-X. If you’ve identified errors or omissions in your 2022 tax return, there’s no need to worry. You can rectify these mistakes by filing Form...
IRS implements additional filters to combat identity theft and fraud.
2023 Tax-Filing Season Sees Increased Use of Filters and Successful Fraud Detection In its ongoing efforts to tackle identity theft and prevent the issuance of fraudulent refunds, the IRS has implemented nearly 70 additional filters for the 2023 tax-filing season....
Debt Limit Deal: Key Actions and Impacts
Biden and McCarthy have agreed to raise the debt ceiling and avoid default and economic uncertainty. President Joe Biden and Speaker of the House Kevin McCarthy have reached an agreement. This will raise the debt ceiling and avoid economic uncertainty....
House Republicans’ Tax Package: Changes and Challenges
Potential tax proposals focusing on R&D credits and 1099-K relief for online sellers are underway. House Republicans are getting ready to announce a tax package as the debt ceiling deadline approaches. The package could bring major changes to the tax...