What’s New

When customers or others don’t pay what they owe your business, you may be able to claim a bad debt deduction to help offset the financial loss.

Families looking for another way to save for a child’s future may want to consider Section 530A accounts.

Offering employees retirement options can be an effective way for small business owners to attract and retain talent.

Investors often look to small, emerging companies for portfolio diversification and growth potential, but these investments can offer more.

Selling investment or commercial real estate can result in a substantial tax bill if the property has appreciated significantly.

Notices from the IRS are more common than you may realize. Each year, the IRS mails millions of letters to clarify information, confirm changes or request additional documentation.

Beginning in 2026, a significant change to retirement plan catch-up contributions takes effect. Part of the 2022 Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act

Many rental property owners are surprised to learn that federal tax law often restricts their ability to deduct losses, treating most rental activities as passive unless specific requirements are met.

For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue.

For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue.