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Tax Season 2023: Expect smaller refunds, capital-gains bills and higher audit rates

As we head into 2023, millions of American taxpayers will need to adjust their expectations for their tax return. The stimulus checks are...

Congress Passes New Secure 2.0 Act

President Biden signed the SECURE 2.0 Act into law on December 29th of 2022. This $1.7 trillion omnibus spending bill has over 100...

IRS Suspends New 1099-K Reporting Requirements

The American Rescue Plan Act of 2021 issued a new requirement for all online payment services like Paypal, Venmo, eBay and Etsy, to issue...

Tax Deadlines and What You Need to Know for the 2022 Tax Season

As tax season approaches, we wanted to reach out and share a few important dates and deadlines for 2023. Please see the important dates...

The 3 Most Misunderstood Tax Effects of a Roth Conversion

We’ve written extensively about the benefits of the Roth IRA. The Roth IRA is one of the most powerful tools available for creating...

Inflation Causes Major Shifts in Tax Code for 2023

Just a few weeks after the announcement of record-breaking Social Security increases, the IRS announced their own set of record-breaking...