Taxpayers who claim at least one child as their dependent on their tax return may be eligible to benefit from the child tax credit. It’s important for people...
The IRS recently issued guidance on this new general business credit in the form of questions and answers. The guidance explains that to be eligible to claim the credit, an employer must have a writte...
The Health Savings Account (HSA) annual limitations for 2018 have been modified once again. On May 4, 2017, the IRS issued Revenue Procedure 2017-37 which provided the 2018 inflation adjusted amounts...
The rehabilitation tax credit offers an incentive for owners to renovate and restore old or historic buildings. Tax reform legislation passed in December 2017 changed when the credit is claimed and pr...
The IRS has begun sending letters to taxpayers with virtual currency transactions that potentially failed to report income related to cryptocurrencies.
