Proactive tax planning strategies can be an integral tool to enhance the value of a business during a sales transaction.

A rule change mandates electronic filing for businesses submitting ten or more information returns to the IRS for the 2023 tax year.

Simplify beneficial ownership reporting with a FinCEN Identifier (FinCEN ID).

Amid chaos and congressional gridlock, the House of Representatives overwhelmingly approved a $78 billion tax bill in February 2024.

Betting enthusiasts will wager an eye-popping $24 billion on the game, with legal bets accounting for only about $2 billion.

While Nelson is a musical icon, his tax struggles are almost as legendary as his career.

As individuals rush to file their 2023 tax returns, it is crucial to be mindful of a looming "ticking tax timebomb" set for 2026.

If you suspect you are a tax scam victim, follow these crucial steps ASAP to mitigate the impact and safeguard your identity.

Understanding the IRS's standard communication methods is a powerful tool for swiftly identifying potential impostors.

The frequency of tax refund scams is rising. Exercise caution this tax season and stay alert when it comes to these five tax refund scams.

The Internal Revenue Service (IRS) has delayed the implementation of the new $600 Form 1099-K reporting threshold requirement in 2023.

Berman Hopkins is pleased to announce the successful merger of Felsing LLC (Felsing), an estate planning CPA firm in Winter Park, Florida.

It appears that every couple of weeks, news related to the Employee Retention Credit (ERC) resurfaces.

Section 163(j) of the Internal Revenue Code now a 30 percent taxable income limitation.

As part of a broader initiative to protect small businesses against scams, the IRS has unveiled new ERC claim details.

The 10 percent method is a financial management approach that involves setting aside 10 percent of the project's budget or revenue.

Due to surge in unauthorized claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an suspension on new claims.

The Information Returns Intake System (IRIS) Taxpayer Portal is an online platform that allows taxpayers to file 1099 returns for free.

A new experiential learning tax credit will make it easier and more cost-effective for employers to employ registered apprenticeships.

Gov. DeSantis has signed House Bill 7063, which reduces the sales tax on rent and license fees for commercial property.