The IRS and the Treasury have now issued the final regulations for foreign tax credits. These will apply to anyone who is trying to claim...

A taxpayer can claim a child on their tax return as long as the child meets certain criteria. A qualifying child has to pass the...

An accounting period is a period in which a set of financial statements are prepared for the determined amount of time for a particular...

​ In 2021 the IRS made some updates to the Child Tax Credit through President Biden's Build Back Better Act. The Child Tax Credit is used...