A revenue ruling is a document issued by the Internal Revenue Service (IRS) that guides how to interpret and apply tax laws. These rulings are issued in response to specific questions...
Posted by Pat Raskob on 05/08/2023
Virtually everyone has suffered a loss, whether it's an accident, which may be covered by accident insurance, or theft.Tornadoes, earthquakes, wildfires, hurricanes, and other...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/30/2022
You may have considered a custodial account if you want more flexibility regarding how your child's education funds are allocated. That way, the money doesn't have to be used...
Posted by Rosovich & Associates, Inc. on 11/28/2022
Ever heard of the TAP? Well, you have nothing to worry about as you're not alone. What is TAP?TAP is a Federal Tax Advisory Committee to the IRS. The purpose of TAP is to...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/21/2022
What is the Home Office Deduction, and who is eligible?The home office deduction is a tax deduction available if you own a business and use part of your home for your business. Your...
Posted by KLSM CPA Firm PLLC on 09/02/2022
Cryptocurrency has become the most delinquent and high-gaining investment of the modern era. The long-term investment has led people to ask what happens to Bitcoin (BTC) when the owner...
Posted by Pat Raskob on 07/31/2022
Maintaining a comprehensive and up-to-date security policy as a business owner should be one of your top priorities. However, it can sometimes seem difficult and complex to keep up...
Posted by Taxes Made EZ Inc on 07/18/2022
It's the hottest time of the year, and we can't wait for the holidays to arrive! While tax season is only in the rearview mirror, summer is crucial for making informed tax...
Posted by Pat Raskob on 07/18/2022
What if disaster strikes tomorrow? Next week? Next month? Are you ready? Is your business small? Contingency plans are essential if you plan to keep a business running for years to...
Posted by Rosovich & Associates, Inc. on 05/09/2022
