In general, the IRS advises taxpayers to make changes if they hold more than one job at a time or have income from sources not subject to withholding. Taxpayers who don't make the necessary changes could get an unpleasant surprise when filing. They could owe...
Backup withholding is a certain method that the IRS implements as a way to make sure that the taxes that are associated with specific types of income are paid on time if not in general, especially if taxpayers have failed to properly report these taxes...
If you dither and procrastinate over creating even a straightforward will or simple trust, you put the future finances of your family and loved ones in jeopardy. You risk that the assets you have worked for a lifetime to accumulate or protect will not be...
Adopting a child can be both complicated and expensive, costing upwards of $40,000. However, with the help of the government, you can obtain an adoption tax credit that was worth $14,400 in 2021....
These case studies illustrate how the IRS uses the "origins of the claim" test to determine if business expenses can be deducted....
We are excited to introduce Darius Adair who has recently joined our KRS team as a Senior Accountant. Darius is a Certified Public Accountant who brings with him over 20 years of previous tax and accounting experience to his new position....
We are pleased to announce that Michelle Calabrese has recently joined KRS CPAs as a Supervising Senior Accountant. In her new role at KRS, Michelle will be responsible for assisting our clients with their individual and business tax compliance needs....
Modern equities investors follow their own market signals for capitulation, which describes the final gasp during the stampede to the exits when the pain of a bear market has become unbearable. Analysts have assembled a collection of signals that often, though not always, reveal that...
KRS welcomes our new administrative assistant Kristiana Repantis. She will support the team by running the front desk!...
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...
