Members of the college graduating class of 2017 owed an average of close to $30,000 each in student loan debt. Imagine starting out adult life with that kind of debt…
People who own a high-deductible health insurance plan may have the ability to open a health savings account (HSA). They can contribute pre-tax income to an HSA and invest the…
Real estate has had a banner year as mortgage rates continue to be low, more people are looking to buy than those who are selling and home prices continue to…
President Biden presented his $1.8 trillion American Families Plan, which focuses on expanding benefits for education, children and childcare. The Biden administration intends to pay for the plan with a…
By: Luci M. Roseman, CPA To Expense or Capitalize? That is a question that continues to elude taxpayers. Historically, the general rule has always been that tangible property with a…
By: Mengjiao (Sherry) Yao, CPA There were several pieces of major legislation in late 2019 and early 2020 that had an impact on retirement savings, specifically as it relates to…
By: Jason Shuman, Staff Accountant One of the more common questions we get asked leading up to and during tax season is about the reporting of rental properties. At first…
By: Mitchell Byerly, CPA The research and development (R&D) credit is a great incentive to spur innovation and improvements that benefit us all. Let’s take a closer look. What is…
By: Alfredo T. Muniz, Cover & Rossiter What is the 990? IRS Form 990 is a document that most federally tax-exempt organizations, including charitable nonprofit organizations or foundations, file each…
(March 18, 2021) The IRS announced late yesterday that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15,…