Important considerations and guidance for individuals navigating the tax implications after the loss of a spouse. Losing a spouse is an emotionally challenging experience, and it’s important to understand the tax implications that may arise as a result. As a
Important information and strategies to navigate the tax implications of unemployment income. Losing a job due to layoffs or furloughs can be a challenging experience, and it’s important to understand the tax implications of unemployment income. While unemployment benefits provide
Biden and McCarthy have agreed to raise the debt ceiling and avoid default and economic uncertainty. President Joe Biden and Speaker of the House Kevin McCarthy have reached an agreement. This will raise the debt ceiling and avoid economic uncertainty.
Modernizing the Agency for a Digital-First Approach Small business owners have long had a complicated relationship with the Internal Revenue Service (IRS). Filing taxes can be a daunting and confusing task for entrepreneurs, and the agency’s reputation for being bureaucratic
Credit card balances rose by $61 billion in Q4 2022, reaching $986 billion, the highest level ever recorded, according to a report by the Federal Reserve Bank of New York’s Center for Microeconomic Data. Credit card debt in America has
How the SECURE Act 2.0 Makes it Easier to Save More for Retirement with SIMPLE Plans. If you’re looking for a simple way to save for retirement, a Savings Incentive Match Plan for Employees (SIMPLE) may be the answer. As
How Reinstating Taxes Can Secure Funding and Encourage Safer Practices for Hazardous Waste Clean up The U.S. government created the Superfund program in 1980 as a way to clean up risky waste sites across the United States. Funded by a
A lot of the changes that the Tax Cuts and Jobs Act (TCJA) makes for individuals are only temporary and are supposed to end after 2025. However, some are tax code provisions that remain in effect. The Tax Cuts and
The IRS hires tax lawyers to improve the taxpayer experience and address non-compliance. Today, “Help Wanted” signs were put up by the IRS’s Office of Chief Counsel, looking for more tax lawyers to help improve the taxpayer experience and deal
The rate of interest is decided on a quarterly basis in accordance with the Internal Revenue Code. The overpayment and underpayment rate for taxpayers who are not corporations is equal to the federal short-term rate plus 3 percentage points. The