The IRS released final regulations on required minimum distributions and the ten-year rule. This video provides an overview of the new regulations and how they may impact you or your heirs.

The IRS has resumed processing claims for the employee retention credit but with increased scrutiny. This video provides an overview of common red flags, such as overclaiming and incorrect reporting of wages, that are resulting in greater scrutiny. Learn about the red flags and what to do if your ERC claim may be erroneous.

Want to make your real estate work harder for your financial goals? Explore cost segregation, a tax strategy that can accelerate depreciation deductions and increase short-term cash flow.

With the rise of legal sports betting and online gambling, it's crucial to understand the IRS reporting requirements associated with your winnings. Discover the thresholds for different types of gambling and how to report your earnings accurately. Learn how to avoid potential penalties and comply with IRS regulations.

Severe storms and flooding have significantly impacted multiple counties in Minnesota. The damage incurred has led to the President approving a Major Disaster Declaration for the state, leading to the provision of federal funding to aid recovery efforts.

The IRS is making significant strides in processing Employee Retention Credits. Gain a deeper understanding of these recent updates and their implications for your business. Stay ahead of the curve by reading our latest article.

Are you a parent or caregiver? This video breaks down everything you need to know about the child and dependent care credit. Don't miss this opportunity to reduce your tax bill!

Individual tax changes are coming by 2026, and preparation is key to staying ahead. This article offers a peek into the future of tax laws and how they could influence your finances. Don't miss out on this chance to future-proof your tax strategy.

Learn how to effectively plan and save for your child's higher education. Understand student aid and family contributions, explore college savings plans, and discover how to increase your child's chances of receiving merit-based scholarships.

Discover how the Department of Labor's recent expansion of overtime protections could impact your business. This article discusses the key changes and implications of the new regulations.

Set your financial targets for the year with this comprehensive guide that uses the SMART framework. Learn about strategies for debt repayment, evaluating your emergency fund, and early tax planning. If you need more guidance, our office is ready to provide personalized advice.

The IRS's latest notice suspends RMDs for some inherited IRAs in 2024, offering beneficiaries a financial breather. Find out if you qualify for this waiver and how it affects your tax obligations.

Unsure whether to set up voluntary withholding for your social security payments? This guide breaks down the concept of voluntary withholding, showing how it can help spread your tax liability over the year and make budgeting simpler.

The proposed IRS regulations on Donor-Advised Funds introduce potential shifts in how these funds are managed. With possible retroactive effects and new compliance hurdles on the horizon, the time to prepare is now. Get an overview of these changes and how they might affect your giving strategy in our latest piece.

How can financial institutions combat money laundering and illicit activities involving cryptocurrency? What are the five risk indicators tied to cryptocurrency assets that may suggest illicit activities? The J5 advisory released a notice about risk factors.

Are you a U.S. taxpayer living or working abroad? Are you aware of the June 17, 2024, deadline to file your 2023 federal income tax return? Are you up-to-date with the requirements for reporting these accounts to the U.S. Treasury Department?"