The federal government's Employee Retention Credit proved to be a lifeline for many businesses and their employees. The eligibility rules were complex and changed over time, as noted in an extensive IRS chart. Not all owners may have been able to figure out whether they were...
President Biden has announced a new student loan relief program. According to the White House, the new program will "provide targeted debt relief to address the financial harms of the pandemic, fulfilling the President's campaign commitment....
KRS CPAs was named as one of the Accounting Today’s 2022 Best Accounting Firms to Work for in the Small Employer Category. This marks the eighth time the Paramus-based firm has received this prominent award....
It's not always easy to figure out which home office write-offs are acceptable and which are not approved by the IRS. Below is a summary of the key provisions to give you a better idea of what you are able to deduct with the IRS....
Taxpayers who claim their standard deduction amounts can’t deduct their medical costs. Only if they itemize on Form 1040’s Schedule A are they able to deduct such costs....
