News, Tax & Accounting Resources
I Owe Tax on That?
5 Surprising Taxable Items Wages and self-employment earnings are taxable, but what about the random cash or financial benefits you receive through other means? If something of value changes hands, you can bet the IRS considers a way to tax it. Here are five taxable...
Court Is In Session – Notable Tax Court Cases
Despite the COVID-19 pandemic, political unrest, and severe weather events, the Tax Court has continued to churn out decisions affecting individual and business taxpayers. Here’s a brief sampling of several cases that may be of particular interest. Coming Up Aces....
Get ready for taxes: Here’s what’s new in 2022
In case you missed Robert Kratz’s January 18 letter to his clients, following is what to consider when filing your taxes in 2022. The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include...
Tax Moves to Make Before Year-End
The new year is just around the corner. Have you started thinking about your taxes? It’s not too late, but it will be soon. There are moves you can make to reduce your taxable income. Some of these tax-saving moves, however, must be completed by December 31. Here are...
Get a Jump On Your Taxes
This year, 2021, may again prove to be challenging relative to your taxes. Preparing for taxes early can not only save you time, but it may also save you money. FEMA dollars provided to you due to Hurricane Ida damages, other government benefits, unemployment...