Tax Prep, Planning & Strategy Insights

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Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios…

For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required…

Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case.…

If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum…

Even if your not-for-profit organization rarely needs to reimburse staffers, board members or volunteers, reimbursement requests almost certainly…

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method…

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