Wishing you all great things, Happy Holidays!

Individual situations are unique, and there are no one-size-fits-all tax planning strategies.

A passive activity is a business activity in which the taxpayer does not materially participate.

Business taxpayers are required to file and pay tax in every municipality where income is earned. The new plan is for the state to administer the business net profit tax.

Many taxpayers are unaware of the method of accounting used for their business income tax returns.