Be sure you understand the home sale gain exclusion. It is one of the most generous tax breaks in the tax code.

Roth IRAs are appealing because of the ability to withdraw money from them tax-free. But you need to know about the misunderstood five-year rule.

Unless you’re an expert in the field, a Sec. 1031 exchange is not a do-it-yourself proposition. We can help you decide if a Sec. 1031 exchange can work for you.

An alternate valuation date can reduce tax liability if the value of stocks or other assets drops precipitously soon after someone’s death.

Beginning in January 2023, the tax rules will change and more small businesses will receive a 1099-K. Read our blog to find out if you could be one of them.

With the year soon coming to an end, it’s time to think about year-end tax compliance, including W-2 reporting. While your outside payroll provider can report usual salary and wages without any issues, we often see errors in which employers don’t provide the W-2 preparer with taxable non-cash fringe benefits.

Companies that wish to reduce their tax bills or increase their refunds shouldn’t overlook the fuel tax credit. It’s just a matter of tracking your nontaxable fuel uses and filing a form.

How can you reduce your IRS audit chances? Watch for these 10 triggers and contact the experts at CK to guide you with best practices in documenting your tax records.

There are some advantages to following regular depreciation rules. We can help you look at the big picture and develop a strategy that aligns with your company’s overall tax-planning objectives.

Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning – estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you, we’re pleased to present the 2022 – 2023 Tax Planning Guide.