What is the Corporate Transparency Act (CTA), Beneficiary Ownership Information (BOI), and what does it mean for business owners?
Tennessee taxpayers impacted by storms and tornadoes qualify for tax relief; various deadlines postponed to June 17
The Tennessee General Assembly has approved roughly $400 million in tax cuts for Tennessee families and businesses through Senate Bill 275/House Bill 323, the Tennessee Works Tax Act.
U.S. tax implications for Non-resident aliens, international employees, international students, and U.S. Tax Treaties.
The adoption tax credit helps families with adoption-related expenses
Did you move from one state to another in 2021? If yes, you need to be extra careful when preparing your taxes and choosing the right tax professional.
Itemized vs Standard Deductions: Tax reform affects if and how taxpayers itemize their deductions
H.R. 133 Consolidated Appropriations Act, 2021 and Most Important Tax Updates
EIDL and PPP loans Forgiveness and Taxability
Unemployment Income and Taxability
What is a Real Estate Professional status? If you own rental properties, or if you are a real estate agent that help clients grow their real estate investments, you probably want to read this!
Do you offer your property for Short-term rentals through AirBNB, VRBO, or your own website?
Is Mortgage Interest Tax Deductible? And how the new tax law affected its deductibility? If you are thinking to obtain a first or second mortgage or line of credit for personal or investment purposes, you may want to read this article.
IRS Released a New Tax Withholding Form, W-4. Here is what you need to know.
What is Section 1031 Exchange? If you are a real estate investor or a real estate agent that helps your clients with Real estate investment, you may find this information helpful!
What is “Married Filing Separately” filing status and is it good for me?
Are you new to the USA? Filing taxes for the first time in 2019? Don’t know how to file your taxes and if you will receive full deductions and credits? This post is for you!
IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018
Business owners can claim a qualified business income deduction
How long you should keep your tax records?
In 2021, Congress enacted the Corporate Transparency Act. This law creates a beneficial ownership information reporting requirement for millions of...
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The Internal Revenue Service provided tax relief for individuals and businesses in parts of Tennessee affected by severe storms and...
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The legislation includes a three-month grocery tax holiday and a paid family leave tax credit for companies to support Tennessee families. It also provides tax...
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In this article, we will provide our audience with a general idea on how the U.S. tax system is applied...
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The adoption tax credit lets families who were in the adoption process during 2022 claim up to $14,890 in eligible...
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When you move from one state to another during the tax year, you may have to report and pay state...
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Tax reform that affects both individuals and businesses was enacted in December 2017. It’s commonly referred to as tax reform....
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There are a lot of tax provisions and updates for individuals and businesses that have been included in the Act...
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If you received Economic Injury Disaster Loan (EIDL), EIDL advance that does not need to be paid back, or Paycheck...
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If you received unemployment compensation and did not have tax withheld, you may end up owing taxes when filing your...
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If you rent buildings, rooms, or apartments, and provide basic services such as heat and light, trash collection, etc., you...
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While these are new methods that making renting your home easy, there is some tax implications that you need to...
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In this article, we will explain how you can reduce your taxable income by correctly deducting your Mortgage Interest. If...
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You complete Form W-4 so that your employer can withhold the correct federal income tax from your pay. Consider completing...
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Section 1031 - Like kind exchange is when you exchange real property used for business or held as an investment...
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In this article, we will be discussing one of the IRS filing statuses “Married Filing Separately” and better understand its...
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In this post, we will be talking about newcomers to the USA, their requirements to file income tax and eligibility...
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The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal...
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Eligible taxpayers may now deduct up to 20 percent of certain business income from domestic businesses operated as sole proprietorships...
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Safekeeping tax records helps for future filing, amended returns and audits. With the tax filing season quickly approaching, we want...
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