Tax Responsibilities When Your Business Closes
Businesses close for many reasons, such as these: If you’ve decided to close your business, you might need assistance handling various tax obligations. For example, a final income tax return …
What tax records can you toss and what should you keep?
Generally, the IRS has three years to audit a tax return, from the later of the due date of the return, or the date you file. You can also file …
Raising children? The Child Care Tax Credit is still available.
Raising children is expensive. Although some of the enhancements of the Child Tax Credit (CTC) have expired, this valuable credit is still available for eligible parents of children under age …
Hiring? View the Work Opportunity Tax Credit Benefits
If you’re a business owner or manager who is hiring, you should be aware of the details of a valuable tax credit for hiring individuals from one or more targeted …
Tracking Down Donation Substantiation
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2023 donations. But what happens if you haven’t received such a letter? …