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Home selling (and buying) season is heating up. At the same time, rents are high in many parts of the country. What are the tax implications if you buy another home but decide to keep your current home and rent it out?

If you own a C corporation, you know there’s a tax advantage to taking money out as compensation rather than as dividends.

A controversial ballot initiative could restrict future taxes and tax hikes in the Golden State.

Property you inherit generally isn’t included in income for tax purposes. However, there are certain items that may have to be included. Here’s the story.

Business owners: If you’re thinking about changing your employer-sponsored health care plan, or launching a new one, here are some critical concepts to consider.

2023 tax filing deadline extended to June 17, 2024.

in filing season 2024, taxpayers will benefit from important updates that reduce the need for many taxpayers to call the IRS.

There’s still time to claim the CTC on your 2023 tax return if you haven’t filed yet.

At one time, life insurance played a much larger part in an estate plan than it does now.

If you’re looking for a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved, there are some options to consider.

Did you make large gifts to children, grandchildren or others last year?

If you’re a business owner or manager who is seeking to hire, you should be aware of the details of a valuable tax credit for hiring individuals from one or more targeted groups.

You may still have time to cut your 2023 federal tax liability by taking certain steps. For example, contribute the maximum to your retirement plans, including traditional IRAs and SEP plans. 

Did you make a charitable gift last year and are hoping for a tax break when you file your return? Here are the donation rules to secure a deduction.

Most businesses can’t operate safely without the right insurance policies. Unfortunately, criminals can abuse those very same policies to commit fraud. Here are three schemes to watch out for.

The federal government can tax up to 85% of your Social Security benefits, so it's good to know how those taxes are calculated.

Starting next year, employers with certain retirement plans can allow staff members to contribute to pension-linked emergency savings accounts. Here’s how they work and who can contribute.

Have you heard there’s an enhanced tax credit for making energy-efficient home improvements, beginning this year? Here are the rules.

The estate and gift tax exemption amount is scheduled to be cut drastically in 2026 when the related Tax Cuts and Jobs Act provisions expire (unless Congress acts to extend them). Making tax-free gifts before then can cut the size of your taxable estate and may be one way to address this potential threat.

At most companies, employees use smartphones for work one way or another. Business owners may wish to address this usage under a fringe benefits policy, but there are tax rules to consider.