While the value of virtual currency continues to fluctuate, the IRS’s interest in it has only increased. In 2021, for example, the agency launched Operation…read more

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is…read more

Below is a press release from the IRS regarding scam phone calls. Many of our clients have received such calls the past 24 months, so…read more

IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined….read more

Article reviewed by: Vincent Tomei, CPA, Partner The strategy of deferring income and accelerating deductions to minimize taxes can be effective for most businesses, as…read more

If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by donating…read more

These days, most businesses need a website to remain competitive. It’s an easy decision to set one up and maintain it. But determining the proper…read more

The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic, has been with us for…read more

by Mario Di Luigi   |  Partner, Tax and Business Services The Tax Cuts and Jobs Act, signed into law on December 22, marks the largest…read more

January, 2021 – EFPR Group, LLP is proud to announce Andrew Veniskey, CPA has been promoted to Partner. Andy is part of EFPR Group’s Tax…read more

As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate…read more

During the COVID-19 pandemic, Congress temporarily enabled individual charitable donors who didn’t itemize federal income tax deductions to deduct up to $300 in contributions in…read more