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....
Child and dependent care costs can take a big bite out of your budget. To help ease the load, the IRS offers a tax credit for qualifying care expenses incurred while you (or your spouse, if filing jointly) are working or looking for work....
A reverse mortgage is a type of loan open to homeowners age 62 and older. Unlike with a traditional mortgage, homeowners don't make payments to a lender with a reverse mortgage. Instead, the homeowner receives payments. You can choose to receive your payments as a...
If you’ve recently inherited property and are thinking about selling it, you may be unsure how much the asset is worth and whether you’ll owe tax on the sale. Understanding how the IRS determines value, and how that affects gain or loss, is essential before moving...
If you bring someone into your home to perform regular or occasional services, the IRS may consider them a household employee. When this applies, you may be responsible for Social Security, Medicare, and unemployment taxes, along with specific reporting requirements....
The IRS has announced increases to key retirement contribution limits for the 2026 tax year. These changes affect 401(k), IRA, SIMPLE, and other qualified plans. If you're planning your long-term savings strategy or advising clients, these updates are worth noting....
We’re excited to share that KRS CPAs has once again earned a spot on two major workplace recognition lists: the 2025 Best Places to Work in New Jersey and the Best & Brightest Companies to Work For in the Nation....
One of the financial benefits of owning a home is that you may qualify to deduct the interest you pay on your mortgage loan each year on your federal income taxes, something that can reduce your tax bill....
When a new employee begins working for you, one of the first forms they must complete is Form W-4, Employee’s Withholding Certificate. (You can find versions of the form in several languages here.) This document allows employees to provide information such as their filing status,...
Learn how to retire gradually from your business with a clear plan, smart exit strategies, and a smooth transition that protects your legacy and finances....
