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On Wednesday, the Internal Revenue Service announced it will increase the amount individuals can contribute to their 401(k) plans in 2024. In the upcoming year, the individual contribution level will rise to $23,000, from $22,500 in 2023. Furthermore, the IRS released...
DOJ to pursue fraud from aggressive marketing while IRS will add safeguards to prevent future abuse and protect businesses from predatory tactics On Sept. 14, the Internal Revenue Service announced an immediate moratorium through at least the end of the year on...
Many of our clients who live in the Southwest Florida region, as well as North and South Carolina, were affected by Hurricane Ian. On Oct. 5, 2022, the IRS published IR-2022-173, which allows hurricane victims in those states an extension of time to file their 2021...
Are you thinking about selling your home but worried about the additional tax it could generate? It is possible that you could be one of the many who can sell your home while avoiding the capital gains tax. According to Internal Revenue Code §121, income shall not...
With the increased use of digital devices, the number of cyberattacks has steadily risen. Cybercriminals are always devising new ways to gain access to private information such as social security numbers, bank account details, and credit card numbers. For this reason,...
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