When most people think about taxes, they focus on deadlines, forms, and payments, not protections. However, the IRS Taxpayer Bill of Rights establishes clear standards for how taxpayers must be treated at every stage of the tax process, from filing and audits to appeals and...
If you paid any independent contractors $600 or more during 2025, you're likely required to issue them a 1099-NEC....
We’re pleased to welcome Judith Greenberg, CPA, MST, and Stuart Greenberg, CPA, MST, of Greenberg & Company LLC to the KRS team. After collaborating with Judy and Stuart for more than three years, it was clear our firms share the same values and approach to...
The Internal Revenue Service has announced that the optional standard mileage rate for business use of automobiles will increase by 2.5 cents in 2026, while the mileage rate for vehicles used for medical purposes will decrease by half a cent, reflecting updated cost data and...
An adjustable-rate mortgage, usually referred to as an ARM, is a type of mortgage in which your interest rate can rise and fall. Because of this, your monthly payment can do the same. ...
Tax season can be stressful; that's why we're serving up another round of tax tips. We want your 2025 filing season to go more smoothly. Read on for on for tips about determining your filing status, understanding AGI, reviewing your tax withholding, and more. ...
Starting a business is exciting, but taxes quickly become part of the picture. If you’re opening a business, you’ll encounter multiple types of taxes. Below is a straightforward overview of the most common ones, followed by deductions and credits that can help lower what you...
It’s never too early to think about the tax consequences of decisions you make while building your commercial real estate (CRE) empire. After all, the money you stick in your pocket is what’s left after you hand Uncle Sam his share. You’ll profit more and stress...
The new year’s almost here, and that means the 2026 tax season isn’t far off. If you’re looking to make filing easier and avoid delays, now’s a good time to start getting organized. A few small steps today can help make the entire process less...
If you plan to hire employees, operate as a corporation or partnership, or file specific types of tax returns — such as employment or excise or for industries such as alcohol and tobacco — you'll need an EIN....
