Learning About S Corporation Shareholder Basis
If you have ownership in an S corporation, it is important to have a general understanding of basis. This number…
Do You Need to File Schedules K-2 & K-3?
A Look at Requirements, Exceptions/Relief, Filing Issues
Starting with the 2021 tax year, IRS forms K-2 and K-3 are new schedules that may need to be included…
Why are You in Business? Crafting Your Mission, Vision, and Values Statements
Most large businesses have developed mission, vision, and values statements to help guide them and inform stakeholders about the company’s…
Understanding Your IRS Notice
Dealing with the IRS can be stressful! There are taxpayers who receive an IRS notice and because they are so…
IRS 2022 Limits
Each year, the IRS adjusts tax rates, standard deduction amounts, and other limits to account for tax law updates and…
Tax Provisions in the Infrastructure Investment and Jobs Act
While the Infrastructure Investment and Jobs Act of 2021 (IIJA) is primarily a bill that improves roads, bridges, and transit,…
Our Louis Gets His Own Lager at Wasserhund Brewing
Louis has some very exciting news to share with everyone! Check out Wasserhund Brewing Company’s new Lager! It’s Lou’s Lager!…
The Tax Impact of The Infrastructure Investment and Jobs Act
The Infrastructure Investment and Jobs Act, signed by the President on November 15, 2021. CryptocurrencyThe act expands cryptocurrency reporting requirements…
What You Should Know About Required Minimum Distributions
With all the legislative changes related to retirement distributions over the last couple of years, it’s important to have a…
Updates to the Employee Retention Credit
In early August of this year, the IRS released additional guidance on the Employee Retention Credit. For 2021, the credit…