Feb 05 Selling Your Home? What to Know About Capital Gains Taxes
Buying a home and selling it years later at a higher price can be financially rewarding, but the tax impact of that gain depends largely on timing and how the property was used....
Feb 05 IRS Issues Proposed Rules for New Car Loan Interest Deduction
The Department of the Treasury and the IRS have issued proposed regulations tied to a provision of the One, Big, Beautiful Bill (OBBB) that could benefit taxpayers planning to purchase a new vehicle in 2025. These draft rules outline how the new car loan interest...
Jan 22 Your Rights as a Taxpayer: What the IRS Owes You
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...
Jan 22 Time to Get Your 1099s Ready for 2025
If you paid any independent contractors $600 or more during 2025, you're likely required to issue them a 1099-NEC....
Jan 15 Greenberg & Company Joins KRS CPAs
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...
Jan 09 IRS Announces Mileage Rate Changes
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...
Jan 09 Adjustable-Rate Mortgages: Balancing Risk and Reward
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. ...
Jan 08 More Tax Tips for the 2025 Filing Season
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. ...
Dec 30 Launching a Company? Understand the Taxes That Come With It!
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...
Dec 30 Is This Your Situation: Are You Planning Your Commercial Real Estate Taxes?
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...