Income Tax
How to Realize Tax Rewards with Sec. 1244 Stock
Be aware, however, that this special tax treatment isn’t automatic. To qualify for Section 1244 treatment, the following four main requirements must be met.
Taxpayers Can Use a 529 Plan for Themselves
But Section 529 plans don’t have to be used only for your kids. One can be set up to reward virtually any beneficiary—including yourself!
How to Deduct Business Expenses While on Vacation
When planning your travels this summer or any other time of the year—business or personal—just remember that the IRS pays close attention to expenses incurred.
IRS Warns of New Tax Refund Mail Scam
If you receive a cardboard envelope appearing to be from the IRS about an unclaimed tax refund, be cautious. It’s a scam.
IRS Has Improved Services, But Still Needs Work, Says Taxpayer Advocate
The IRS achieved an 85% level of service for telephone calls to its toll-free phone lines, according to the report, and Kiplinger previously reported that the IRS cut phone waiting times from 27 minutes to four minutes.
How Accounting Pros Can Leverage Technology to Overcome the Biggest Struggles
Firms need to consider technology as an opportunity – not a challenge - to help drive efficiency and overcome their top five talent-related challenges.
Rising Cost of Living is Driving One in Four Employees Globally to Find New Jobs
26% of the global workforce is looking to change jobs in the next year, up from 19% in 2022, according to a PwC survey.
Businesses Could Save Lots in Taxes Under House GOP Plan
The House GOP tax package indicates what’s to come if Republicans control Congress and the White House after 2024.