Electric car sales broke records in 2021 and have remained consistent in 2022. Sales of electric cars, including fully electric and plug-in hybrids, doubled in 2021 to a new record of 6.6 million sales. Taxpayers who purchase qualifying electric cars…
Crowdfunding is an ever-growing tool used to raise money for anything from funding a business to making charitable contributions and gifts. It can even be used to simply help avoid economic hardship. Kickstarter and Gofundme.com are two examples of fund-raising…
In the middle of October, the IRS updated its procedure for issuing guidance using frequently asked questions (FAQs) on any newly passed tax laws. The IRS released a document providing a general overview clarifying taxpayers’ ability to rely on guidance…