What is Innocent Spouse Relief?
The word “innocent” in innocent spouse relief can be misleading. It doesn’t imply you’re perfect or blameless – it’s more about whether you knew or should have known about the…
How Reporting Might be Less Complex in 2025
A Dec. 3 proposal from FASB’s Accounting Standards Update (ASU) might provide some flexibility for private businesses and select nonprofits. “Financial Instruments – Credit Losses (Topic 326)” looks at measuring…
Tax Planning 2024
Personal Income Tax Planning Strategies for Year-End 2024As 2024 draws to a close, it’s the perfect time to review your personal income tax situation and implement strategies to minimize your…
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