The qualified small business stock (QSBS) exclusion was enacted into law in 1993 with a goal of increasing investments in small business by providing a
Deservedly, tax-loss harvesting receives a lot of attention when it comes to tax planning strategies. The idea is relatively simple on the surface – obtain
As tax professionals, it seems like we see at least a few situations each year where we ask ourselves if our client’s business is actually
On February 5, 2022, the IRS announced that it suspended mailing more than a dozen notices, including the mailing of automated collection notices normally issued
With most virtual currencies prices down significantly year-to-date, and the collapse of large companies in the industry such as FTX, taxpayers may be wondering how
Form 1099-K is an information return used to report certain payment transactions. Prior to 2022, Form 1099-K reporting was required when a third-party settlement organization
The IRS attempt to curb syndicated conservation easements was dealt a significant blow by the Tax Court in its November 9 decision in Green Valley
Social Security benefits will increase by 8.7% for 2023, the largest increase since 1981. The average recipient will receive an increase of $146 per month
President Biden recently announced federal student loan forgiveness of up to $20,000 for Pell Grant recipients and up to $10,000 for others who qualify. Generally,