Do you need to file a return to preserve capital loss carryovers? IRS guidance says no, but having documentation can protect you. Learn why filing might still be the best practice for taxpayers.
This release of IRS Bulletin 2024-39 covers public comments on SECURE 2.0, updates on 501(c)(3) revocations, and key tax credits. Learn more about these IRS developments in this article.
Employers often make W-2 reporting mistakes after an employee’s death. Learn how to handle post-death payments correctly, including issuing 1099-MISC forms and avoiding tax errors.
The IRS Bulletin 2024-38 details new updates on clean electricity credits and accounting methods for research expenditures. Stay informed on these regulations and how they may impact your tax planning.
Automotive sales incentives are taxable but not subject to FICA or self-employment tax. Learn how to report them correctly and avoid common mistakes in this article.
