Farmers and ranchers forced to sell livestock because of drought conditions may have more time to replace their livestock and defer tax on any gains from the forced sales. The IRS recently announced a one-year extension which gives eligible farmers
Understanding taxes when a family member signs the paycheck
Many people work for a family member, whether it’s a child helping out at their parent’s shop or spouses running a business together. When someone is employed by a family member, the tax implications depend on the relationship and the type
Here’s who tax pros should contact if their business suffers a data theft or loss
Tax professionals are big targets of skilled cybercriminals scamming to get access to sensitive client information. Sometimes, no matter how careful and prepared a tax pro is, their systems can be hacked. If a tax pro or their office is