The last major piece of legislation the Biden administration sought to enact in 2021 was the Build Back Better Act (BBBA).
Proper classification of independent contractors or employees is vital.
IRS Schedules K-2 and K-3 will need to be completed to include items of international tax relevance.
The American Rescue Plan Act passed on March 11, 2021, expanded the child tax credit (CTC) for the 2021 tax year for certain families.
There are several hoops to jump through when purchasing a second home outside the US
We have compiled a list of actions for individual tax planning to help save tax dollars before year-end.
With year-end approaching, it is time to start thinking about business tax planning for this year and next.
People travel from all over the world to visit Montana. It is stunningly beautiful and consistently ranks as one of […]
On September 13th, House Ways and Means Committee unveiled their proposals to fund President Biden’s spending priorities.
Both the Form 8938 and FBAR forms require U.S. Persons to report Foreign Accounts to the IRS.
The choice of entity is among the most important decisions facing taxpayers when starting a business or investment activity.
he recently passed Senate bipartisan infrastructure bill has many tax-related issues.
When it comes to business, today’s world is getting smaller as US individuals and businesses expand to foreign markets.
The IRS has recently unveiled a portal to help families manage the Advanced Child Tax Credit payments.
The GST tax is designed to ensure that transfer tax is paid when generations are skipped.
The tax professionals at AZ tackled many unique returns this year and found a trend: there's some confusion as to when foreign individuals may need to file a US return.
In March of 2021, Congress passed the American Rescue Plan Act (ARPA) and expanded the Child Tax Credit (CTC) temporarily.
Employers can begin taking advantage of refundable tax credits to reimburse them for the costs of providing leave taken by employees to receive or recover from COVID-19 vaccinations.
The federal income tax filing and payment due dates for the 2020 tax year for individuals will be automatically extended from April 15, 2021, to May 17, 2021.
The United States real estate market boomed in 2020 in certain parts of the country and many people sold their US residences and vacation homes for a nice profit.
ARP contains provisions designed to assist small businesses, in particular.
The bill includes several measures to help individuals who have been adversely affected by the impact of the coronavirus pandemic on the economy.
The IRS is now offering Identity Protection PIN (IP PIN) to all individual taxpayers.
The Supreme Court held that if a business didn’t have a physical presence in a state, that business didn’t need to collect and remit sales and use tax.
In 2020, the IRS issued a 60-day relief, which would not be counted for tax purposes.
