Articles for September 2022

Unlock 8 Tax Breaks for Home Ownership

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Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages. Here are eight reasons why it’s better to be an owner, rather than a renter, from a federal income tax perspective. Home Sale Gain Exclusion If you…
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Procedural Issues Every Exempt Organization Should Know About.

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The IRS is currently inundated with procedural and technical obstacles that have caused processing delays. Here are some items of note that have been reported by exempt organizations and their service providers.  Announcement 2001-33 Replaced. Nonprofits should be aware that Announcement 2001-33 is no longer applicable, having been revoked by Announcement 2021-18 (2021-52 IRB 910)…
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