TPSAApr 55 minIs It Better to Have a Tax Credit or a Deduction?In one way or another, tax deductions reduce the taxable portion of an individual’s income, reducing the tax on that income.
TPSAFeb 283 minEmployers Beware: ERC Voluntary Disclosure Program Ends SoonThe IRS has issued several warnings urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to...
TPSAOct 27, 20233 minIRS Provides Employers Way to Withdraw Dubious ERC ClaimsDespite warnings from the IRS, the American Institute of CPAs, and other professional tax preparer societies, many business owners have...
TPSAOct 27, 202310 minObscure and Overlooked Tax Deductions, Credits, and BenefitsAs tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to missed tax credits..