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.

Quick fixes that could shrink your personal taxes

Dec 5, 2023

There aren’t a lot of options to change your tax situation as the year winds down. Here’s a look at four that could still save you money.

Exceptions can cut cost of early IRA withdrawal

Dec 4, 2023

If you’re strapped for cash, you might see the money sitting in your traditional IRA as a good solution. But if you’re under age 59½, pulling money from your IRA can come with a hefty penalty.

New CTA reporting delayed, but only for some

Dec 1, 2023

Even with a newly extended deadline, many businesses appear unprepared to provide “beneficial owner” information to the Financial Crimes Enforcement Network.

IRS again delays rule affecting online activity

Nov 29, 2023

New Form 1099-K requirements have been delayed for a second year, giving online sellers a brief reprieve.

It might be time to empty your FSA account

Nov 29, 2023

For many flexible spending accounts, the deadline is approaching to either use the funds or lose them.

Businesses subject to new e-file rules in 2024

Nov 28, 2023

More businesses, corporations, and partnerships must file electronically starting January 1 as the IRS moves to reduce paper filings.

Year-end tax tips for small businesses

Nov 24, 2023

The holiday whirlwind has begun, but don’t ignore a few potential ideas for your small business to save on 2023 taxes.

Are scholarships tax-free or taxable?

Nov 17, 2023

If your child is fortunate enough to get a scholarship, is the amount taxable income? For some, yes, but there’s good news for most families.

Five strategies to cut your company’s 2023 tax bill

Nov 17, 2023

Making time for year-end tax planning time now may prove beneficial come tax-filing time next year.

"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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