Charitable Giving Tax Planning
View Charitable Giving Tax Planning GuideGiving to charity can provide not only large income tax deductions to help you do well financially but also the satisfaction of doing good. Well-planned...
15 November, 2021
Tax Planning Tag
Oops, You Overfunded Your 529 Plan
If money is held too long in a Section 529 college savings plan, there could be tax consequences. This article describes alternatives for savers who have overfunded their accounts. Oops, you...
08 November, 2021
Worker Classification is Still Important
If a business engages independent contractors to address staffing needs, it needs to be careful that these workers are properly classified for federal tax purposes. This article reviews the general...
08 November, 2021
Get an IRS Identity Protection PIN
ACTION REQUIRED! We strongly recommend all individual taxpayers apply for an IRS issued Identity Protection Personal Identification Number (IP PIN). This is an extra step to help prevent tax fraud....
04 November, 2021
Build Back Better Act – What is in and what is out?
(authored by RSM US LLP) After intense negotiations, some provisions were eliminated while others were rewritten in an effort to appease all Democratic members....
28 October, 2021
IRS Adds Vehicles to Section 30D Qualified Electric Vehicle List
(authored by RSM US LLP) IRS adds 12 new 2022 vehicles eligible for tax credit of up to $7,500, including vehicles manufactured by Hyundai, Kia, Mitsubishi and Ford....
22 October, 2021
Save Taxes Next Year, Regardless of What Happens in Congress
Year-end tax planning may help you save taxes, regardless of what happens in Congress Many popular tax-planning strategies are in question as Congress debates how to pay for their $3.5 trillion...
28 September, 2021
House Ways and Means releases reconciliation tax payfors
(authored by RSM US LLP) House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package....
14 September, 2021