What's new in the tax world?
Current developments
What has 2023 brought...so far?
Like 2022, 2023 has seen significant changes and space doesn't allow fuller discussions but they include things from electric vehicle tax credits to a spaghetti bowl of state income tax rules for "work from home" jobs and the latest in IRS audit initiatives. Revisit us here for current developments and contact us to discuss any of them in more detail.
Beware of the scams
Scammers continue to request sensitive personal and banking information. IRS will NOT initially contact you by phone, e-mail, texts or personal visits. Use normal precautions and don't provide sensitive information to anyone you don't know or who threatens you.
State taxes - the world continues to change
While the Wayfair sales/use tax decision is now history, states continue to change and refine their interpretation of issues unanticipated just a few years ago. Questions about how specific businesses and transactions should be taxed and how those taxes should be collected are common issues. Stay tuned for more developments.
Tax planning - even more changes
Re-evaluating your tax planning is always important. We're happy to those plans with you in light of the new laws and possible future changes.