Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health...

Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to...

The U.S. economy has been nothing short of a roller-coaster ride for the past year and a half. Some industries have had to overcome...

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the...

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are...

Commercial loans, particularly small business loans, have been in the news over the past year or so. The federal government’s Paycheck...

As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly...

A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it...

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the...

For many small to midsize businesses, spending money on marketing calls is a leap of faith that the benefits will outweigh the costs....

In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter...

Business owners are regularly urged to create and update their succession plans. And rightfully so — in the event of an ownership change,...

If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and...

If you’re a business owner and you’re getting a divorce, tax issues can complicate matters. Your business ownership interest is one of...

In Notice 2021-46, the IRS recently issued additional guidance on the COBRA premium assistance provisions of the American Rescue Plan Act...

Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and...

What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or...

If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. What...

There may be a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose...

If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education...