Tax Tips

How to Treat Business Website Costs for Tax Purposes

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs provide business taxpayers launching a website with some guidance as to the proper treatment of the costs. Plus, businesses can turn to […]

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IRS Information Letter 6419 for Advance Child Tax Credit May Contain Incorrect Information

The IRS announced Monday that recipients of Letter 6419, which addresses 2021 advance Child Tax Credit (CTC) payments, should double-check the information it contains, as some letters may provide outdated information.  To ensure they have correct information, taxpayers should login to the recently updated IRS website for the advance CTC and use the payment information […]

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