TAXPAYER RESOURCES

With tax laws changing every year, completing your returns can be confusing and frustrating.

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Tax news and updates for individuals, families, and entrepreneurs

Our team of tax experts has the solutions to make your next filing a little easier — and that insight is just a click away. Browse our archive of tax-related posts below, and click the button to sign up for our newsletter and updates.

Disability benefits can come with tax twists

Aug 20, 2024

Disability income may or may not be taxable by the federal government. Here are the basic rules.

FASB aims for consistent grant reporting rules

Aug 20, 2024

A proposed change by the Financial Accounting Standards Board would create a standardized method for public and private companies to report government grants.

Businesses get second chance to repay improper ERC

Aug 19, 2024

The IRS has brought back a program that allows businesses to repay wrongfully gained employee retention credit money and avoid penalties.

Divorce is hard; taxes can make it worse

Aug 6, 2024

Getting a divorce can be an agonizing process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are six issues to consider if you’re getting a divorce.

Why buy-sell agreements matter in business

Aug 2, 2024

For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.

Planning your estate? Don’t overlook income taxes

Jul 24, 2024

The federal estate tax exemption is $13.61 million, so now is the time to think about saving income taxes for your heirs rather than worrying about estate taxes.

Consequences of selling business property can be tricky

Jul 18, 2024

There are many tax implications to consider in the sale of business property, and they can be complex.

Certain donations allow you to avoid taxable IRA withdrawals

Jul 2, 2024

Here’s a strategy for older taxpayers who are charitably minded and also must take required minimum distributions from their traditional IRAs.

You’re never too old for a business plan

Jun 21, 2024

Even if your business is established and on solid ground, don’t overlook the potential value of a detailed business plan.

"We saved one client $700,000 using R&D credits — credits that the company’s previous CPA told them they were not eligble to claim. We stay on top of the latest tax laws to help clients reduce their taxes.”

Mark Patterson, KraftCPAs Tax Services

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