Blog
![New IRS Warnings on Employee Retention Credit](https://bankler.com/wp-content/uploads/2023/05/May-9-image-1080x675.jpg)
New IRS Warnings on Employee Retention Credit
Just when you thought COVID-era tax breaks were in the past, you get a call from a “tax advisor” who tells you that you may have overlooked a beneficial Employee Retention Credit (ERC)...
![Are Texas Business Inventory Tax Changes Ahead?](https://bankler.com/wp-content/uploads/2023/04/April-25-1080x675.jpg)
Are Texas Business Inventory Tax Changes Ahead?
We’ll soon find out if Texas lawmakers are on board with lowering the state’s notable inventory tax bill for small businesses. Texas lawmakers are contemplating a record-breaking budget surplus...
![Don’t Leave R&D Tax Breaks on the Table](https://bankler.com/wp-content/uploads/2023/04/170821485_m_normal_none-1080x675.jpg)
Don’t Leave R&D Tax Breaks on the Table
If you’re a business owner, there’s no doubt you’ve spent time and money creating better processes, materials, or solutions for your customers. Those activities can lead to big tax breaks, but...
![Who Elects Married Filing Separately & Why?](https://bankler.com/wp-content/uploads/2023/04/84823180_m_normal_none-1080x675.jpg)
Who Elects Married Filing Separately & Why?
Should you elect married filing separately on your tax returns? The truth is only about 2% of married couples do so. For a select few, however, the election can be quite beneficial. Most...
![Responding to an IRS Letter](https://bankler.com/wp-content/uploads/2023/03/179111932_m-1080x675.jpg)
Responding to an IRS Letter
The IRS just made it easier to respond to a handful of tax notices online, which presents an excellent opportunity to review what a letter from the IRS could mean and how you should respond to...
![Awaiting a Tax Refund in 2023?](https://bankler.com/wp-content/uploads/2023/03/161574901_m-1080x675.jpg)
Awaiting a Tax Refund in 2023?
If you got used to receiving a tax refund in recent years, don’t hold your breath for the same this tax season. While the IRS is better staffed and equipped this year for prompt refunds,...
![529 Rollovers to Roth IRAs Coming Soon](https://bankler.com/wp-content/uploads/2023/03/161102344_presentation-1024x675.jpg)
529 Rollovers to Roth IRAs Coming Soon
Starting in 2024, you can rollover old, unused 529 funds into a Roth IRA as a way to avoid taxes and penalties on the money if it turns out you didn’t need it for a student’s education after...
![Worker Misclassification Changes Are Resurfacing](https://bankler.com/wp-content/uploads/2023/02/112036751_m-1-1080x675.jpg)
Worker Misclassification Changes Are Resurfacing
The federal government is again working on final changes to its independent contractor guidelines. Getting this sticky area wrong can hold dire consequences with potential litigation, fines,...
![Investment Losses and Tax-Loss Harvesting](https://bankler.com/wp-content/uploads/2023/02/142648131_m-1-2-1080x675.jpg)
Investment Losses and Tax-Loss Harvesting
You win some, you lose some—that’s the nature of investing. But when it comes to paying taxes, you might be able to turn an investment loss into a tax win through tax-loss harvesting. It’s...
![New Domestic Filing Exception (DFE) for Partnerships & S Corps](https://bankler.com/wp-content/uploads/2023/02/183388059_m-1-1080x675.jpg)
New Domestic Filing Exception (DFE) for Partnerships & S Corps
New instructions for schedules K-2 and K-3 are out. The big change is a Domestic Filing Exception (DFE) that, in theory, makes it easier to file if all partners/owners qualify. The DFE is...