Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible damag

Tax-compliance rates in the United States are based, in large part, on how taxpayers accrue income. Those who receive income that's...

All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities to reduce their tax...

With the ever-increasing complexity of our tax system, it is commonplace for many small businesses to make mistakes with bookkeeping and fil

Normally, unemployment insurance benefits are fully taxable for federal purposes. However, earlier this year, about the middle of the tax fi

President Biden presented his proposed American Families Plan (AFP) during his Joint Session of Congress address on April 29, 2021. What fol

Couples who are married on the last day of the tax year basically have two filing status options when filing their tax returns: either marr

Here are five things that happened this past month that affect your small business.

The IRS has announced they are extending the filing due date for 2020 individual tax returns from April 15, 2021 to May 17, 2021. This was m

With the passage of the CARES Act stimulus package early in 2020, the federal government began supplementing the normal state weekly unemplo

Filing status is determined on the last day of the year and most often is based on marital status.

To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. In response to the economic slowdown...