The IRS is about to embark on a grand adventure to bring a bit of fairness to the world of taxes. Armed with funds from the Inflation...

You may have been eyeing an electric car for a while and secretly writing to Santa to bring you one, but is 2022 or 2023 a better year to...

It is hard to believe, but year 2022 seems to have just flown by. As many of you, I really enjoy the fall season, and not only for its...

February 7, 2022 As virtual currency has garnered its wide popularity among public, it has also captured the IRS’s attention in recent...

Well, you are almost there! You have a business idea, required expertise and infinite drive to succeed. You are ready to embark on a new...

As it often goes, it depends. For many, it may be exactly the lifeline that they need to manage childcare expenses as they arise. For...

Businesses, small and large, ranging from an Airbnb residence operated as business to big tech corporations are required to issue 1099...

As a tax advisor I often get asked by my clients about a proper business structure for their new or existing businesses. Unfortunately,...

On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law to provide additional relief to Paycheck...

May 2020 The COVID-19 has affected every aspect of our daily lives including taxes. To provide an economic relief to struggling...

January 2020 The issue of classifying a worker as an employee vs an independent contractor is obviously not new and dates back to at...

In the world where cross-border transactions have become more customary and use of international resources has often become a necessity,...

In case you own your business and missed the recent IRS guidance on treatment of business meals and entertainment expenses, there are...

Some good news from the IRS, well sort of... Today IRS issued Notice 2019-11 which  provides a waiver of the addition to tax under...