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IRS penalty for tax underpayments is now 8%
Tax brackets for 2024 have been posted!
IRS Revenue Procedure 2023-34 outlines key adjustments for the 2024 tax year affecting income tax returns filed in 2025.
The IRS has put a halt on processing new claims for the Employee Retention Credit (ERC) until at least December 2023, citing concerns about the eligibility of a significant number of recent submissions.
What are the main differences between an S Corp (1120S) and a Partnership (1065)?
Why having a tax professional is a better idea than doing taxes on your own...