by admin | Mar 26, 2024 | TaxBiz
📝 The intention of the Inflation Reduction Act (IRA), as the name suggests, is to reduce the rate of inflation. How the IRA does this is unique: In the past, energy credits existed, think tax equity. The IRA has taken a smaller market and potentially added as much as...
by admin | Mar 19, 2024 | TaxBiz
📌 Many entrepreneurs opt to structure their small business as a limited liability company, or LLC. An LLC protects owners’ personal assets from lawsuits and some creditors. It also provides an easy-to-use business structure. In addition to these benefits, LLCs also...
by admin | Mar 13, 2024 | TaxBiz
🛑 The IRS IVES program lets taxpayers authorize third parties (IVES participants) to request their tax return or wage transcripts to obtain a residential or commercial mortgage on real property (real estate). IVES participants can include banks, credit unions,...
by admin | Mar 5, 2024 | TaxBiz
📌 You can maximize your tax refund in several ways, from paying off high-interest debt to investing in a business or saving for retirement. A tax refund is a great opportunity to set yourself up for the future. If you’re expecting a windfall from the IRS this...
by admin | Feb 27, 2024 | TaxBiz
📝 Tax benefits are generally broken into two major categories: tax deductions and tax credits. As you examine programs that could potentially apply to you, it’s a good idea to know the differences in how tax savings can work. In short, a credit gives you a...
