From a 529 Plan to a Roth IRA
With the passage of SECURE 2.0 in December 2022, parents may want to explore either starting or continuing investments in 529 plans. In...
Section 338(h)(10)
Section 338(h)(10) is a section of the Internal Revenue Code (IRC) that allows for an election by a corporation or its shareholders when...
Tax Season is Officially Open
January 23, 2023, marked the kickoff for the IRS accepting individual tax returns. Taxpayers will have until April 18th this year to...
Small Business Mergers, Acquisitions, Sales and Brokerage Simplification signed into Law
Tucked deeply into the Consolidated Appropriations Act of 2023, lies a fourteen-page provision entitled “Small Business Mergers,...
The Saver’s Credit
On December 21, 2022, the IRS released a bulletin “IR-2022-224” informing low and moderate-income workers that they may be eligible for...
The Fair Tax Act – Very Unlikely, but Interesting
When Republicans took control of the House of Representatives, one of the first initiatives they vowed to tackle was the IRS. The...
Qualified Opportunity Zones
The Tax Cuts and Jobs Act of 2017 gave taxpayers new ways to defer taxes and realize the potential of large gains by investing in areas...
Social Security payroll tax cap set to increase for 2023
The Social Security Administration in late 2022 announced an 8.7% Cost of Living Adjustment for 2023. Along with that increase comes...
Treasury Department pushes Electric Vehicle tax credit decision until March.
When the Inflation Reduction Act was signed into law earlier this year, one provision caught the eye of many in the market for a new...
