Tax Credits vs. Tax Deductions

Tax Credits vs. Tax Deductions

Taxpayers experience many challenges when it comes to filing their returns. It can be stressful collecting documents, understanding forms, and getting everything in on time. One common challenge is understanding the tax lingo often used when deciphering the tax code. ...
BOI Reporting – What You Need to Know

BOI Reporting – What You Need to Know

In a bid to enhance financial transparency and thwart illicit financial activities, Congress passed the Corporate Transparency Act in 2021. This pivotal legislation introduces a beneficial ownership information reporting requirement, compelling U.S. companies to...
Your Guide to 1099s

Your Guide to 1099s

Many taxpayers are familiar with W-2’s. You likely received one when you worked your first job. As you get older, it is common for your taxes and the paperwork surrounding your taxes gets more complicated. Maybe you make some investments, begin saving for retirement,...