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Under Section 121 of the Internal Revenue Code, you may be able to exclude most, if not all, of your gain from tax when you finally sell the home. Has your home substantially increased in value since you bought it years ago? It’s a common occurrence. Fortunately, you...

The Internal Revenue Service is urging people to stay resolute against ongoing scams and schemes by properly securing computers, tablets and phones. Solid cybersecurity protection and scam recognition is vital to reduce the threat of identity theft inside and outside...

The IRS has announced that individuals have until May 17, 2021, to meet certain deadlines that would normally fall on April 15. This follows a previous announcement from the IRS on March 17, that the federal income tax filing due date for individuals for the 2020 tax...

The filing date for the federal income tax has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest,...

The gig economy is integral to millions of Americans' livelihoods, and the IRS is itching to take its share. The IRS says the gig economy includes any "activity where people earn income providing on-demand work, services or goods," such as ride-sharing and delivery...

COVID-19 brought financial challenges to much of the public and forced companies to reimagine how business is done. Congress responded with generous relief, much of which runs through the tax code. National tax and accounting firm Grant Thornton LLP has developed...

Congress recently passed legislation to loosen some of the restrictions that came with the popular Payroll Protection Program; the president signed it into law on June 5. The new law runs only about 1,000 words, but contains several major changes that vastly extend...