IRS & Taxes

Understanding Basic Tip Reporting Requirements Restaurants must clearly distinguish between “tips” and “service charges” for tax purposes. Tips are voluntary...

Developed countries raise taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals...

When it comes to saving money on taxes, being proactive is essential—especially in the realm of real estate tax planning....

Raising kids or caring for a dependent isn’t cheap — especially when you’re juggling work or school on top of...

Key Takeaways:  State tax liens vary widely in how they’re enforced and resolved, while IRS tax liens apply nationwide and...

In October 2024, I had the opportunity to interview Professor of Business Accounting and Taxation at the University of Kiel,...

Explore the top five priorities redefining success for tax and accounting firms in a technology-driven era. Learn how adapting to...

Explore how artificial intelligence-powered automation solutions can enhance your firm's client experience in tax preparation, leading to a more efficient...

Outsourcing IT services can be a smart business decision. It offers access to specialized expertise, reduces operational costs, and frees...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for May 2, 2025 –...