by Sarah Boehle Pool | Sep 22, 2021 | Latest News
5 possible tax aspects of a parent moving into a nursing home If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications. Here are five. 1. Long-term medical care The costs of qualified...
by Sarah Boehle Pool | Sep 20, 2021 | Latest News
Getting a new business off the ground: How start-up expenses are handled on your tax return Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020 through June 2021, the U.S....
by Sarah Boehle Pool | Sep 16, 2021 | Latest News
IRS extends administrative relief for 401(k) plans As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the pandemic remain in place long-term. One of them might be relief from a...
by Sarah Boehle Pool | Sep 15, 2021 | Latest News
You may have loads of student debt, but it may be hard to deduct the interest More than 43 million student borrowers are in debt with an average of $39,351 each, according to the research group EducationData.org. If you have student loan debt, you may wonder if you...
by Sarah Boehle Pool | Sep 13, 2021 | Latest News
Who in a small business can be hit with the “Trust Fund Recovery Penalty?” There’s a harsh tax penalty that you could be at risk for paying personally if you own or manage a business with employees. It’s called the “Trust Fund Recovery Penalty” and it applies to the...
