Oct 02 How to Deduct Business Travel Expenses
Ordinary and necessary travel expenses are deductible when you travel away from home on business. You are considered to be traveling away from home if:...
Oct 02 Get Prepared Before Disaster Strikes
While National Preparedness Month officially wrapped in September, the reminders from the IRS still stand strong this October. With hurricane season still active, winter storms on the way, and wildfire risks lingering, it's a good time to double-check that your emergency plan is ready to...
Sep 18 Changes to Tax Laws and Irrevocable Trusts
In March 2023, the IRS issued Revenue Ruling 2023-2, which introduced a significant alteration in the way assets in irrevocable trusts are handled for tax purposes. According to the new rule, assets placed in an irrevocable trust that are excluded from the grantor's taxable estate...
Sep 18 Your Right to Finality with the IRS
All taxpayers are protected by the Taxpayer Bill of Rights, which includes the right to finality. This means you are entitled to know how long the IRS has to act on certain matters, and when a process is officially closed....
Sep 18 IRS Keeps 2025 Withholding and Reporting Rules the Same
The IRS announced that there will be no changes to common payroll and reporting forms for Tax Year 2025 as part of the phased rollout of the One Big Beautiful Bill Act (OBBBA)....
Sep 16 KRS is Hiring Students and Recent Grads
If you're working toward a degree in accounting or recently graduated, KRS wants to meet you. We’re recruiting for entry-level roles that offer hands-on learning, strong mentorship, and a workplace culture that supports your career and your life outside of it. Our team includes professionals...
Sep 16 Meet Damaris Herrera, Our Go-To for All Things Office
Since joining KRS CPAs LLC in August 2025, Damaris Herrera has been a key part of making sure everything at the office runs like clockwork. As Office Manager, she handles the daily operations, supports the tax and assurance teams, and leads the administrative staff with...
Sep 16 Understanding How Property Taxes Are Calculated and Collected
Property taxes play a vital role in supporting your community’s infrastructure, including funding for schools, road maintenance, public safety departments, recreational areas, and local transit systems. These taxes are imposed by municipal, county, and educational districts, all of which contribute to your total property tax...
Sep 04 New Tax Law Includes Numerous Provisions Affecting Real Estate Industry
The reconciliation tax bill signed into law by President Trump on July 4 sets out sweeping tax changes, with many provisions of interest to the real estate industry. This Alert highlights the most important changes for the industry to focus on in tax planning....
Sep 04 Know Your Rights: What to Expect When Dealing with the IRS
Most people don’t think about their rights when they’re dealing with the IRS—but they should. Whether you’re filing a return, responding to a notice, or sorting through a more complex issue, the Taxpayer Bill of Rights outlines what you can expect from the IRS at...