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Claiming an Adult Child on Your Tax Return

Claiming an Adult Child on Your Tax Return

We’re often asked how long a young adult can be claimed as a dependent on their parent’s tax return.  Navigating taxes on their own is a rite of passage that most would prefer to put off as long as possible, after all. Most young adults can do just that and remain as...

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Employer Tax Breaks for Student Loan Assistance

Employer Tax Breaks for Student Loan Assistance

COVID-era repayment and interest moratoriums on student loans are ending. If you’re an employer, you no doubt have employees who are affected (you may be personally affected as well). Here are some insights on how employers can help while receiving tax breaks in the...

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IRS Intends to Be More User-Friendly by 2024

IRS Intends to Be More User-Friendly by 2024

The IRS recently updated the public on how it’s been spending its cash infusion, including new online accounts and mobile-friendly forms. It also announced an end to surprise visits from tax collectors. “We’ve started transforming IRS operations,” IRS Commissioner...

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Study Reveals Who’s Most Likely to Cut Out Heirs

Study Reveals Who’s Most Likely to Cut Out Heirs

Who would have predicted this plotline: Agreeable and extroverted individuals are more likely to distribute wealth to their children unequally, while more calculating introverts appear likelier to divide their estate evenly among multiple heirs. Consultant Matthew...

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You Can’t Beat the IRS with a Dead Horse

You Can’t Beat the IRS with a Dead Horse

Some people seem to think the IRS will overlook just about anything. But a dead horse? That’s hard to miss. When a California-based horse enthusiast and IT business owner’s last horse died in 2008, being horseless didn’t stop her from continuing to claim business...

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