- If You Owe the IRS Money, Here’s What You Should Know About the Statute of Limitations on Collection
- The Internal Revenue Code (IRC) Section 6502 provides that the IRS has a maximum of ten years from the date of assessment to collect tax debts from taxpayers.
- Choosing Between an S Corporation and a C Corporation: It’s About More Than Tax Rates
- Choosing between an S corporation and C corporation involves more than tax rates. Learn the key factors that can impact growth and profits.
- IRS to Provide Automatic Penalty Relief to Normally Compliant Taxpayers
- Most taxpayers don’t plan to get hit with an IRS penalty. Usually, it happens because life got in the way: a bill was missed, a return was filed late, or an estimated payment did not get made on time.
- IRS Announces Mid-Year 2026 Optional Vehicle Mileage Rate Increase
- With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use instead of keeping a record of actual expenses.
- Video Tips: Timing Capital Gains for QOFs
- Certain capital gains may qualify for tax deferral through a Qualified Opportunity Fund (QOF). Timing matters, and delaying a sale could create additional planning opportunities. Watch this video to learn how the 180-day rule works and whether it may apply to you.
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