With residential real estate markets surging, significant unrealized gains are piling up for many homeowners.

Making the IRS guess why your tax return is not present and accounted for is always a bad idea.

Are you an employee who owns your corporate employer’s stock inside a qualified employer-sponsored retirement plan?

Through September 30, employers who give their employees paid time off to get vaccinated can collect a refundable sick leave tax credit.

In what clearly must be a mistake, the IRS issued Notice 2021-49 to deny the employee retention credit (ERC) on the wages paid to most C and S corporation owners.

Does the IRS consider you a real estate dealer or a real estate investor?

This is Part 1 of our three-part refresher course on understanding the twists and turns necessary to realize the maximum federal income tax savings out of the home sale gain exclusion break, which might be more valuable than ever right now. Let’s get started.

If you own rental properties and want to deduct rental losses, you absolutely, positively must have a handle on the passive-loss rules.

When Congress passed the Tax Cuts and Jobs Act (TCJA) back in 2018, it reduced your ability to make use of your tax losses.

If you have employees in your business, this story should have your attention.

If you are married, you need to know three special rules that can benefit your Section 179 deductions.