The Department of Treasury and the IRS have released guidance on the tax treatment of rebates for energy efficient property and upgrades. Taxpayers receiving such rebates will not need to include these values as income on tax returns, but they should reduce the property’s basis by the rebate amount when selling. The Announcement 2024-19 further clarifies that rebates from DOE home energy programs will be treated as reductions in the purchase price.

Did you know that over half of all business fraud stems from inadequate internal controls? In this video, we'll provide you with four specific controls you can implement to help protect your business. 

Updated FAQs have been made available, April 2024, which provide comprehensive details about the tax credits for clean vehicles. These include new, previously owned, and qualified commercial clean vehicles.

Anna Marie's Alliance, a domestic violence shelter, has broken ground on the final phase of its multi-year expansion project, aiming to convert its dormitory-style living quarters into apartment-like units, with the renovation completion expected by the end of 2024.

Beneficial Ownership Information (BOI) access is set to be phased in this spring 2024. As we move towards a more transparent corporate landscape, it is crucial for businesses and financial institutions to understand and comply with these regulations.

Filing and paying your taxes late can lead to costly penalties and interest. It's crucial to understand these implications to avoid any financial shocks.

A work-life referral (WLR) program is an employer-funded fringe benefit that provides WLR services to eligible employees. These services assist employees with identifying, contacting, and negotiating with life-management resources for solutions to personal, work, or family challenges.

Thousands of WordPress websites are hacked daily, causing significant disruptions and data leaks. Learn about nine essential security measures you should prioritize to protect your WordPress website from cyber threats.

Still need to file for 2023? Taxpayers with an Adjusted Gross Income (AGI) over $79,000 can utilize the IRS's Free File Fillable Forms. This option is best for those comfortable with following IRS form instructions and publications when preparing their own taxes.

Before making a donation, potential donors are advised to ask for the fundraiser's charity name, website, and mailing address to independently verify its authenticity. The IRS also suggests using the special IRS Tax-Exempt Organization Search tool to verify if an organization is a legitimate tax-exempt charity.