Increasingly complex tax laws make it more likely that errors are made or items are omitted on tax returns, but they can, and should be, corrected by amending the return, generally within 3 years of filing the original return.
The IRS had announced guidance for the home energy audit tax credit.
Getting a letter from the IRS can make some taxpayers nervous – but it does not necessarily mean you are in trouble. Watch this video for quick tips on how you should handle this.
Generally, tax records should be kept for 3 years from the due date of the return.
Discover how the Inflation Reduction Act doubles R&D tax credits, benefiting small businesses’ cash flow and innovation.
Stay informed on tax deadlines for partnerships, S-corps, and trusts. Timely filing is crucial to avoid penalties.
Turn your hobby into income but beware of tax implications. Understand deductions, profit motive, and self-employment tax obligations.
Life transitions like marriage and divorce carry tax implications. Understanding these nuances ensures financial stability during significant life changes.
Optimize your business’s finances by hiring your children—tax benefits, retirement savings, and FICA exemptions await. Family and finance synergy!
Maximize tax-advantaged benefits for employees and employers. From health insurance to retirement plans, unlock valuable tax savings today.
JS Morlu LLC
2200 Opitz Blvd, Woodbridge
Virginia 22191, USA
Tel: 703 594 4944
Email: [email protected]
Subscribe to our newsletter for industry trends and insight from JS Morlu LLC
© 2024 All rights reserved. Designed by Sunny Chow
