IRS

The American Rescue Plan Act of 2021 provided relief to those receiving unemployment compensation in 2020.

The Inflation Reduction Act invests $369 billion toward tackling climate change through clean energy initiatives.

For individuals, the rate for overpayments and underpayments will be 7% per year, up from 6%.

Be aware of scammers using fake charities to commit fraud on well-intentioned donors.

The Tax Blotter is a round-up of recent tax news and rulings.

Under Section 121 of the Internal Revenue Code, you may be able to exclude most, if not all, of your gain from tax when you finally sell the home.

For the last five years, businesses have been able to use bonus depreciation to expense 100 percent of qualified property, including big-ticket purchases like business aircraft.

Generally, the IRS has three years from the later of the time your tax return was filed or its due date to review the return and assess tax.