The Edge
- February 9, 2023Important Information for S-Corp Shareholders and Partners of a PartnershipThere is an important issue related to filing the 2022 S-corporation (Form 1120-S) and partnership (Form 1065) tax...
- February 9, 2023What Is Business Cash Flow?As the name suggests, cash flow is a term used to describe the money coming into and out...
- February 9, 20232023 Standard Mileage Rates AnnouncedAs it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2023 optional standard mileage...
- February 9, 2023Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This FirstAlthough the credit for purchasing a new electric vehicle can still be as much as $7,500, Congress has...
- February 3, 2023Be On the Outlook for Tax Reporting FormsWith tax season upon us, documents reporting income, sales and other items needed for your 2022 tax return...
- January 27, 2023What You Need to Know About Converting an S Corp to a C CorpThe type of business that you're running has major implications in virtually all areas of your operations, especially...
- January 20, 2023Married? Know Your Filing OptionsMarried taxpayers generally have the option to file a joint tax return or separate returns, a filing status...
- January 18, 2023Tax Season Preparation TipsWe thank you for choosing Lewis & Knopf CPA, P.C. as your tax advisor. We truly appreciate your...
- January 17, 202310 Red Flags for IRS AuditsEven though the overall IRS audit rate is currently low historically, it’s expected to increase as a result...
- January 13, 2023Wonder What a Tax Deduction Is Worth?Individuals are always looking for tax deductions that can reduce their tax liability. But what is the actual...
- January 10, 2023Lewis & Knopf Announces New PromotionsLewis & Knopf, CPA, P.C. is pleased to announce the promotions of Ashish Kapoor, CPA, Kenneth W. Rappuhn,...
- January 6, 2023Start Off on the Right Foot for the 2023 Tax YearIf your 2022 refund or balance due turns out not to be the desired amount, you may want...
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