Is it a good time for a Roth conversion?
The volatility in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA invested in stocks, a decline may …
Can an individual deduct vehicle expenses?
It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also may be able to deduct them in certain circumstances, if they have a business-related purpose. …
Bartering with Businesses? What You Need to Know About the Tax Implications
During these times of high inflation, many cash-challenged businesses have bartered for goods and services instead of paying dollars for them. If your company gets involved in such transactions, remember …
Don’t Forget These Three Things After Filing Your Tax Returns
Most people feel a sense of relief after filing their tax returns each year. But even if you’ve successfully filed your 2022 return with the IRS, there may still be …
Is Your Withholding Working for You? Avoid Owing or Overpaying Taxes
If you were distressed to find you owed money when you filed your last federal tax return, you might want to change your withholding so that this doesn’t happen again. …