Author: Surya Padhi, EA
Maximizing Your Savings: The Benefits of Pre-Tax Contributions.
What is Pre-Tax Contribution? The term “pre-tax contributions” refers to the portion of an employee’s…
Business travelers should check out these deductions before hitting the road
Tax Tip 2023-76 Many people travel for their job – some for an occasional conference…
Short Term Rental, Tax Planning and Taxation.
Introduction Properties available for short-term rental (STR) are an excellent investment option for high incomes.…
Day Camp and Other Child Care Expenses
See if money you pay for day camp or other childcare expenses can help you…
Small business owners: these improvements are coming soon.
Tax Tip 2023-72 Good news for small business owners — improvements to IRS phone service…
An Identity Protection PIN helps shield taxpayers from tax-related identity theft
Tax Tip 2023-70 Identity Protection PINs stop identity thieves from filing fraudulent tax returns. Taxpayers…
S Corp Formation, Benefits and Demerits
Since there is a lot of misunderstanding and false information floating around online about S-Corporations,…
Interest rates remain the same for the third quarter of 2023.
Issue Number: IR-2023-104 WASHINGTON — The Internal Revenue Service today announced that interest rates will…
Estimated Tax
The Internal Revenue Service (IRS) requires taxpayers to make quarterly estimated tax payments on their…
IRS announces 2024 HSA, HDHP limits
As high inflation persists, taxpayers will have more disposable income to contribute to their HSAs…