Explore the latest IRS tax code updates and discover strategies to reduce excessive taxation. Get expert insights on optimizing your financial future.
The IRS new focus on high-income nonfilers
More than 125,000 high income individuals, who have abstained from filing federal tax returns since 2017, will receive letters urging them to file or provide
How do taxes apply to remote and hybrid workers?
Remote work tax implications Remote work offers flexibility, but tax complexities can dampen the enthusiasm. In the U.S. last year, 13% of full-time employees worked
Trusts as S corporation shareholders
Understanding S Corporation Shareholder Eligibility The S corporation structure offers advantages for many businesses, but adherence to Internal Revenue Code (IRC) and Treasury regulations is
Announcement by IRS for annual inflation adjustments for tax year 2024
IRS Announces 2024 Tax Provisions Update The IRS released details on Thursday regarding the annual inflation adjustments for over 60 tax provisions applicable to tax
Navigating Commercial Condo Association Tax Returns: A Simplified Guide
As the popularity of commercial condominium projects surges, so do the associated tax complexities. Managing the tax return for a commercial condo association can be
How to Mitigate AMT Impact on Stock Options Comprehend, Exercise, Mitigate
Incentive stock options (ISOs) can significantly enhance employment benefits, but ISO tax treatment, particularly the Alternative Minimum Tax (AMT), often goes unnoticed. Mastering the strategies
Navigating the Dynamics of Qualified Opportunity Zones (OZ)
Navigating the Dynamics of Qualified Opportunity Zones (OZ) With the inception of the Qualified Opportunity Zone (OZ) incentive as part of the 2017 Tax Cuts
Grantor and Non-Grantor Trusts
Trusts have served as integral tools in tax planning for numerous decades, offering various advantages such as: Reducing income tax liability Diminishing estate tax liability
Expert Tax, Audit, and Accounting Services in South Florida
At KB CPA Services P.A, we take pride in being your trusted partner for all your financial needs. Our experienced team of professionals offers comprehensive
How Does an Estate Tax Marital Deduction Work?
Estate planning is complex enough as an individual, but when you’re planning as a married couple, it can bring about even greater challenges. Collaborating as
IRS: Tax Season 2024 could be paperless
Former IRS Commissioner Mark Everson draws a parallel between the IRS’s transition to digital processes and the construction of the interstate highway system in the
Maximizing Retirement Savings as a Small Business Owner
Introduction As a small business owner, you dedicate endless hours and hard work to make your entrepreneurial dreams a reality. However, amidst the hustle and