Author: Surya Padhi, EA

Tax Year 2023: Health savings account (HSA)Tax Year 2023

Health savings account (HSA) contribution limits for 2023 are going up significantly in response to…
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November 2023, Due Dates

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Accountable Plan! What  should you know?

An accountable plan is a way for S corporations to save taxes by reimbursing business…
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LLC Federal Tax Classification

LLC Federal Tax Classifications are the rules that determine how the IRS treats a Limited…
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Annual Benefits Enrollment – What you should know?

Every year, during open enrollment, a person or employee can modify, add, or remove their…
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For California storm victims, IRS postpones tax-filing and tax-payment deadline to Nov. 16

IR-2023-189, Oct. 16, 2023 WASHINGTON — The Internal Revenue Service today further postponed tax deadlines…
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Businesses must electronically file Form 8300 for cash payments over $10,000

Beginning Jan. 1, 2024, businesses that file 10 or more information returns must e-file Form 8300,…
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Certain energy credits under the Inflation Reduction Act are elective pay eligible.

Issue Number: Tax Tip 2023-94 Certain energy credits under the Inflation Reduction Act are elective…
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Homeowners: review these house-related deductions and programs.

Issue Number: Tax Tip 2023-96 The summer months are a popular time to buy or…
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Tax considerations for people who are separating or divorcing.

Issue Number:  Tax Tip 2023-97 Tax considerations for people who are separating or divorcing When couples…
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