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Stories tagged as "in the news"


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​(Almost) Everything You Need to Know about the Work Opportunity Tax Credit

Sep 30, 2022, 6:37 AM

There’s an employer tax credit out there that you might not know about. It’s called the Work Opportunity Tax Credit (or “WOTC” because the government loves abbreviations). And it’s available to employers who hire employees from one or more of nine targeted groups.
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​Late Tax Filers Get Some IRS Relief

Sep 7, 2022, 10:11 AM

If you filed certain forms late for the 2019 and 2020 tax years, the IRS might have some good news for you.
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Will Student Loan Forgiveness Affect Your Taxes?

Aug 25, 2022, 10:32 AM

Student loan forgiveness is again a hot topic of discussion. So, if you’re eligible for forgiveness, will your taxes take a hit?
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​What Does the Latest Federal Legislation Mean for Your Taxes?

Aug 15, 2022, 7:12 AM

“The Inflation Reduction Act of 2022” or the “Reconciliation Tax and Spending Bill” or the “Build Back Better Bill” — no matter what you call it, it has some important tax implications. Our quick explainer hits the highlights for you.
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​Alert: IRS says it sent wrong balance-due notices

Aug 4, 2022, 7:47 AM

The IRS admitted that some taxpayers are getting inaccurate balance-due letters, referred to as CP-14 notices.
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Tax Rules for Renting Your Vacation Home

Jul 28, 2022, 9:51 AM

​For those in the Black Hills of South Dakota, the Sturgis Motorcycle Rally is fast approaching. That means the area’s highways and byways will soon be roaring. And for some residents, it means it’s time to rent out their vacation homes or second homes. Depending on the length of those rentals, there could be tax implications.
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​Does Your School, Nonprofit, or Government Entity Need a Single Audit?

Jul 22, 2022, 3:53 AM

If your nonprofit or government organization spent $750,000 or more in federal funds, you probably need a single audit.
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​What You Need To Know About Verification Letters from the IRS

Jul 11, 2022, 10:58 AM

There’s been a lot of confusion lately about identity verification letters many people in the area have been getting from the IRS. Are they legitimate letters or some kind of scam? If they are legitimate, what should you do if you get a letter?
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​Tax Benefits of Passive Losses and Like-Kind Property Exchange

Jul 11, 2022, 9:01 AM

Learning about passive losses and like-kind property exchange isn’t for everyone. But there can be some real benefits once you understand how they can play into your overall tax situation.
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​5 Options If You Get an IRS Balance-Due Notice

Jun 24, 2022, 6:15 AM

If you’ve gotten a balance-due notice from the IRS, you’re not alone. Since the agency has started getting caught up in its backlog of returns, correspondence, and other items, it’s ramping up its collection letters again. You’ve got about five options when it comes to a balance-due notice.
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