Charitable contributions, or donations, are gifts of goods or money to a qualified organization. These contributions may be deducted on...

If you place in service a new plug-in electric vehicle (EV) or fuel cell vehicle (FCV) in 2023 or after, you may qualify for a clean...

The Secure 2.0 Act, which became law at the end of 2022, aims to help more people prepare for retirement — in part by making government...

On June 20, 2024, the IRS announced delays in posting payments made through the Electronic Federal Payment Posting System (EFPPS). This...

Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses...

The IRS this week issued a consumer alert following ongoing concerns about a series of tax scams and inaccurate advice on social media...

The 23 exemptions from the Corporate Transparency Act’s beneficial ownership information reporting requirement By: Sandra Feldman With...

Check the status of your refund Taxpayers can track their refund easily and conveniently with the IRS Where's my refund? tool at...

WASHINGTON — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of...

Corporate Transparency Act The Corporate Transparency Act (“CTA”) was enacted by Congress on January 1, 2021, as part of the National...

How to deduct losses on virtual currency, cryptocurrency and non-fungible tokens. In the current digital asset climate of plummeting...

The Filkins Group offices will be closed Nov 23rd and 24th in honor of the Thanksgiving holidays. We hope that all our clients have a...

As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to...

Ending unannounced visits to taxpayers will increase confidence in IRS’s tax administration work and improve overall safety for taxpayers...

Anyone saying “I do” this summer should review a few tax-related items after the wedding. Big life changes, including a change in marital...

For many people, summertime means change. Whether it's a life change like a marriage or a typical summer event – like sending the kids to...