by receptionist@theKFORDgroup.com | Jun 6, 2023 | Newsletters
Your clients’ elation over receiving healthy settlement amounts for their claims can quickly turn sour when they realize the tax implications. Two rulings from the U.S. Tax Court — one involving an employment case and the other involving legal malpractice — serve as...
by receptionist@theKFORDgroup.com | May 16, 2023 | Newsletters
The IRS is reminding taxpayers of certain energy efficient updates to their homes could qualify them for home energy tax credits. Taxpayers can claim the Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit by making qualifying...
by receptionist@theKFORDgroup.com | May 2, 2023 | Newsletters
The handling of goodwill in divorce cases varies depending on the jurisdiction and case facts. And a court may sometimes consider cases in other states when there’s limited legal precedent in its jurisdiction. In many states, the amount of “enterprise goodwill” in a...
by receptionist@theKFORDgroup.com | Apr 25, 2023 | Newsletters
The Inflation Reduction Act increased the IRS budget by $80 billion over the next 10 years. With this said the IRS has written a Strategic Operating Plan for the years 2023 – 2031 in which it admits there have been issues with taxpayer services. The...
by receptionist@theKFORDgroup.com | Apr 4, 2023 | Newsletters
An often-cited belief is that 50% of marriages now end in divorce. A tax practitioner can greatly help people going through a divorce by reducing the overall stress of the divorce process and providing the clarity needed to make good financial decisions for the...
by receptionist@theKFORDgroup.com | Mar 21, 2023 | Newsletters
There are several ways to make secure payments to the IRS to meet your tax obligations. Here are some options to consider when making payments to the IRS: Pay when tax returns are e-filed using electronic funds withdrawal – which draws the payment directly from your...
