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

The sprawling TCJA signed into law in late 2017 contains some inadvertent glitches that range from a lack of clarity to significant drafting errors. In…read more

With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health…read more

This article addresses foreign financial institutions (FFIs) and what their reporting requirements may be. Abstract: The IRS recently updated its frequently asked questions addressing its…read more

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it…read more

“Accountability” may seem like one of those popular management concepts you know would be nice to implement if your not-for-profit had the time and budget….read more

You work hard to make sure your QuickBooks data is accurate. Make sure it’s safe, too. Your QuickBooks company file contains some of the most…read more

As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate…read more

Thanks to the Internet and social media, we’re bombarded daily with all kinds of information. As a result, most people prefer clear, concise snippets of…read more

As 2017 winds down, it’s time to consider making some moves to lower your federal income tax bill and position yourself for tax savings in…read more

In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at…read more

This article applies to any person who fails to file a required FBAR. The FBAR is required for a United States person, including a citizen,…read more