Tax Credit for College Students
As the new college year begins, students should be aware that they may be eligible for the American Opportunity Tax Credit (AOTC), a...
Signs of an Incorrect Employee Retention Credit Claim
The IRS recently intensified its scrutiny of Employee Retention Credit (ERC) claims, revealing signs of potential misuse or inaccuracy....
Taking Advantage of Clean Vehicle Credit
Switching to an electric vehicle (EV) could make you eligible for a substantial tax credit, benefiting individuals and businesses. By...
All About the Employer-Provided Childcare Tax Credit
Are you a business owner looking to provide childcare services to your employees? If so, you might be eligible for a valuable tax credit....
Tax Benefits Behind LLCs
When forming your company as a limited liability company (LLC), it's important to understand the tax benefits associated with this entity...
The Difference Between C Corporations and S Corporations
When deciding between forming a C corporation (C-Corp) and an S corporation (S-Corp), business owners must understand the fundamental...
Taxpayers beware of Phishing and Smishing Scams
In today's digital age, both individuals and business owners need to stay vigilant against the rising tide of phishing and smishing...
Beware of Clean Energy Tax Credit Scam
Taxpayers need to be vigilant about a new scam involving clean energy tax credits under the Inflation Reduction Act (IRA). Unscrupulous...
What is an Offer in Compromise?
If you find yourself in debt to the IRS and unable to repay the full amount on time, an Offer in Compromise (OIC) might be a viable...
Taxing Times Ahead: How the End of Chevron Could Shake Up IRS Authority
The recent overturning of the Chevron Doctrine marks a significant shift in the landscape of federal regulatory power, particularly for...
