On January 31, 2024 the House of Representatives passed the Tax Relief for American Families and Workers Act, providing business tax breaks and expanded child care credits. Learn if you should consider filing an extension for your 2023 individual and business tax return and consult with a professional tax advisor for evaluation.
Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.
The IRS has introduced a $1 billion penalty relief program to assist approximately 4.7 million taxpayers who did not receive automated collection reminders during the COVID-19 pandemic.
PBMares shares thoughts on the “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.
Owning property in a foreign country and renting it out will have its own responsibilities. Here’s a guide on some things to consider for income tax filings.
New Legacy IRA rules mean that charitable gift annuities are even more valuable as part of a larger tax strategy, especially for taxpayers who want to fulfill philanthropic goals and/or minimize Medicare premiums.
The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.
The IRS delayed implementing new, lower reporting requirements for Form 1099-K in 2023 and announced a phased-in approach for 2024.
IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
PBMares shares the “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.
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