Year End Letter

Roth IRA and 401(k) accounts were created in 1998. Contributions to Roth accounts are taxed on the front end at ordinary tax rates when...

If you were adversely affected by the COVID-19 pandemic, you may have taken a tax-favored coronavirus-related distribution (CVD) from a...

With autumn coming up in a couple months, it's time to think about "harvesting" capital gains or losses from sales of securities. In...

Nowadays, many employer retirement plans give employees the option of contributing to designated Roth accounts (DRAs). According to a...

If you're eligible for advance child tax credit (CTC) payments provided by the American Rescue Plan Act, you might wonder whether you...

Families may be able to cash in on various tax credits to offset their tax liability on a dollar-for-dollar basis. Plus, recent...

Many privately held businesses have incurred losses during the COVID-19 pandemic. Unfortunately, the federal income tax passive activity...

How can tenants pay their regular monthly rent bills if they're out of job? As unemployment skyrocketed due to the COVID-19 pandemic,...

The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the...

Tax season has started. Your tax professional is ready to prepare your 2020 federal and state returns — but are you ready? The pandemic...

Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for...

President Trump signed the Consolidated Appropriations Act (CAA) into law on December 27, 2020. The legislation adds a few new tax breaks...

The $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act delivers good news to individuals and businesses, including...

The Treasury Department and the Internal Revenue Service today launched a new web tool allowing quick registration for Economic Impact...