Category: Tax Tips

LLC or S Corp? What should you know?

Introduction  LLCs and S corporations are two terms that are often used in the context…
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Tax Year 2023: HSA for Retirement

Despite the fact that millions of Americans have HSAs or could qualify for one in…
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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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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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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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