Tax Tips

This is great news for commercial building owners and design firms. Taxpayers who began construction before January 1, 2023 may apply the reference standard 90.1-2007 regardless of when the building is placed in service. IRS Announcement regarding 179D tax deduction referenced to the ASHRAE baseline reference standard For 2023, 179D nearly triples tax Incentives, lowers…

A tax deduction is a reduction in an individual’s taxable income, which can lower the amount of tax that the individual owes to the government. There are many different types of tax deductions, and they can be used by individuals, businesses, and organizations to reduce their tax liability. The Different Types of Tax Deductions One…

July 1, 2021 THE TREASURY GREEN BOOK OF BIDEN PROPOSED TAX CHANGES The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, that includes a general explanation of the administration’s 2022 revenue proposals. The publication is commonly referred to as the “Green Book” and outlines the Biden administration’s tax proposals. Keep in mind…

You’ve worked hard to turn that side hustle into your main gig, but there’s only so much time, and taxes aren’t the most exciting part of your day. Maybe looking at this article is already making your palms sweat because you don’t have a plan yet.

With all the changes to the tax deadlines from the IRS, here is a one page article on what you need to know now.

What’s good and not-so-good about online tax preparation programs? Let’s take a look at both sides.