Close this search box.


IRS Direct File Pilot Program

On October 17, 2023, the IRS announced more details on the new IRS Direct File Pilot which will be introduced during the upcoming 2024 filing season.

2023 Energy Efficient Home Improvement Credit

Energy Efficient Home Improvement Credit.

Energy Efficient Home Improvement Credit Included in the Inflation Reduction Act of 2022 was the Energy Efficient Home Improvement Credit (formerly known as the Nonbusiness Energy Property Credit). Is the Energy Efficient Home Improvement Credit Refundable? Taxpayers that make qualified energy-efficient improvements to their existing home in 2023 can qualify for a nonrefundable tax credit […]

2023 Used and Commercial Clean Vehicle Credits

Used and Commercial Clean Vehicle Credits.

Used and Commercial Clean Vehicle Credits The Inflation Reduction Act included two new credits for clean vehicles. They are the Credit for Previously Owned Clean Vehicles and the Commercial Clean Vehicle Credits. Both credits go into effect in 2023 and are available through 2032. Here are the details for each of these two credits: Used […]

2023 IRS Security Summit

This year’s Security Summit tax professional summer campaign is emphasizing the following series of simple actions that they can take to better protect their clients and themselves from sensitive data theft.

34 Latest States with a Pass-Through Entity Tax

Pass-Through Entity Tax A total of 34 states have enacted legislation that creates a pass-through entity tax as a workaround to the $10,000 cap on the state and local taxes (SALT) itemized deduction. What is Pass-Through Entity Tax? The pass-through entity tax (PTE) allows partnerships and S Corporations to elect to be taxed at the […]

Clean Vehicle Tax Credit: Qualifications and Rules for Electric Vehicle Purchases

Clean Vehicle Tax Credit

Clean Vehicle Tax Credits for 2023 and Beyond This article provides details on the three credits for electric vehicles and fuel cell vehicles that are included in the Inflation Reduction Act that became law in August of 2022 and go into effect in 2023. New Clean Vehicle Tax Credit Tax Credit for Used Clean Vehicles […]

Understanding Form 1099-K

Form 1099-K

Form 1099-K is an IRS information return used to report payment card and third-party network transactions on a federal tax return for businesses, sole proprietors, individuals, and gig economy workers.

2023 Tax Filing Deadline

2023 tax filing deadline

The federal 2023 tax filing deadline for Tax Year 2022 individual tax returns, also known as Tax Day, is Tuesday, April 18, 2023. This day is also the filing deadline for calendar year C Corporations (1120) and Estate/Trust (1041) returns.

About Cookies on this Site

We use cookies to personalize and enhance your experience on our site, as well as to serve you with relevant advertising. For full details, including other ways to set your cookie options, read our cookie policy. For more information about our data collection practices, please visit our privacy policy. By clicking Accept All Cookies, it ensures that all features of the website will operate normally.