Inflation Reduction Act impacts Tax Credits for EV Buyers
The Inflation Reduction Act made changes to the tax credits available for the purchase of Electric Vehicles. There is now a limitation on the $7,500 credit to only those cars assembled in the U.S. In addition, if the manufacturer has alread
Biden’s Student Loan Forgiveness – Fact Sheet
There is currently a hold on President Biden’s initiative due to a legal challenge by six Republican-led states - Arkansas, Iowa, Kansas, Missouri, Nebraska, South Carolina - claiming an overstep in authority by the Biden administration.
IRS Conducts Field Visits to Resolve Delinquencies
Did you know that the IRS conducts field visits? As the Covid 19 pandemic comes to an end, and with Congress providing additional funding, we can expect to see IRS Revenue Officers doing field visits to individual and business taxpayers ...
Wash Sale Rules for Stock Traders
Do you trade Stocks? If you do, you need to be aware of the Wash Sale Rules. What are the “wash sale rules” you ask? A wash sale is when you sell or trade stock or securities at a loss and within 30 days before or after the sales you buy...