The federal government recently released a report on the nation’s finances, including longer-term projections for a rising deficit, which could mean higher taxes in the future. On a positive note, the Congressional Budget Office (CBO) report reflects a current decrease in the annual budget deficit for the last fiscal year. The easing of the deficit
Lawmakers are considering potential new taxes that could lead businesses to consider changing their structure from an S-Corp to a C-Corp.
For some businesses, one of the most valuable tax benefits available is the deduction for qualified business income.
SECURE Act regulations, the SALT deduction, and Roth IRA strategies were among the leading tax topics raised by financial advisors at a recent webcast.
Many states are passing laws that allow certain business owners to bypass the SALT cap when filing their federal income tax return.
Many taxpayers are receiving a new child tax credit form from the IRS to complete for their 2021 filing.
With the prospect of higher rates on the horizon here are some strategies for investors to consider now.