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20
JUL
2021
Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.

There’s currently a “stepped-up basis” if you inherit property — but will it last?

Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.
19
JUL
2021
Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launching a business, here’s how start-up expenses are treated on a federal tax return.

Getting a new business off the ground: How start-up expenses are handled on your tax return

Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launching a business, here’s how start-up expenses are treated on a federal tax return.
06
JUL
2021
An IRS audit seems scary but may be nothing to worry about. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help come out of an audit with a favorable result.

IRS audits may be increasing, so be prepared

An IRS audit seems scary but may be nothing to worry about. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help come out of an audit with a favorable result.
28
JUN
2021
If your business hasn’t already claimed the Employee Retention Tax Credit, you should check out if you’re eligible. The money can help with the costs you incur in hiring and retaining employees during the pandemic.

Eligible Businesses: Claim the Employee Retention Tax Credit

If your business hasn’t already claimed the Employee Retention Tax Credit, you should check out if you’re eligible. The money can help with the costs you incur in hiring and retaining employees during the pandemic.
22
JUN
2021
If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.

Seniors may be able to write off Medicare premiums on their tax returns

If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
15
JUN
2021
Your college savings can go farther with tax-favored vehicles. Here are some options.

Tax-favored ways to build up a college fund

Your college savings can go farther with tax-favored vehicles. Here are some options.
14
JUN
2021
2021 Q3 tax calendar: Key deadlines for businesses and other employers

2021 Q3 tax calendar: Key deadlines for businesses and other employers

Although you might want to enjoy the lazy days of summer, employers and businesses should be careful not to miss these third quarter 2021 tax deadlines.
08
JUN
2021
Tax planning is still important after you retire. Here are some of the tax implications of retirement.

Retiring soon? 4 tax issues you may face

Tax planning is still important after you retire. Here are some of the tax implications of retirement.
07
JUN
2021
Keeping meticulous business records for meal and vehicle expenses can protect your tax deductions. Here are some DOs and DON’Ts.

Recordkeeping DOs and DON’Ts for business meal and vehicle expenses

Keeping meticulous business records for meal and vehicle expenses can protect your tax deductions. Here are some DOs and DON’Ts.
25
MAY
2021
About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.

Many parents will receive advance tax credit payments beginning July 15

About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.