Douglas O’Donnell, an IRS veteran, recently served as deputy commissioner for services and enforcement. IRS Deputy Commissioner Douglas…
Generally speaking, the Inflation Reduction Act (IRA) improves the up to $7,500 tax credit for electric vehicles (EVs) and plug-in hybrids, but only…
For federal payroll taxes that were deferred as far back as 2020, businesses have until December 31, 2022, to fulfill their obligations. Businesses…
Profit is defined as the financial benefit realized when the revenue generated by a business activity exceeds the expenses, costs, and taxes…
