by Admin | Jan 3, 2023 | Individual Taxes, Tax Planning
Background – The Affordable Care Act (ACA) – also referred to as Obamacare) was enacted over 12 years ago, and one of its main features was the creation of government marketplaces (sometimes called exchanges) where Americans could purchase their health insurance...
by Admin | Dec 30, 2022 | Individual Taxes
As part of a broader effort to increase security, the Internal Revenue Service and the Security Summit partners reminded taxpayers they could get extra protection starting in January by joining the agency’s Identity Protection Personal Identification Number (IP...
by Admin | Dec 29, 2022 | Business Taxes, Individual Taxes, Tax Planning
The Internal Revenue Service announced that interest rates will increase for the calendar quarter beginning January 1, 2023. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, up from 6% for the quarter that began on...
by Admin | Dec 28, 2022 | Business Taxes, Entrepreneurial, Individual Taxes
The Internal Revenue Service announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay, third-party settlement organizations will not be required to report tax...
by Admin | Dec 27, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
There’s an old saying that reminds us that there are only two certainties in this life: “death, and taxes.” Whoever coined that phrase couldn’t have known how true it was, particularly when it comes to the latter portion. The Internal Revenue...
