The Emergency Relief Program (ERP) has a payment limit of $125,000. However, if more than 75% of your adjusted gross income (AGI) is from farming, then you qualify for an extra $125,000 payment.

CPAs MUST EXERCISE CAUTION TO CAPTURE CORRECT income in respect of the decedent (IRD) deductions on clients’ returns. Since clients typically don’t understand the issue well enough to volunteer the ...

Adjusted gross income is your gross income minus certain payments you’ve made during the year. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

The Internal Revenue Service allows S corporations to file their taxes on the accrual or cash basis -- though hybrid and other special methods are permitted in some cases. For your S corporation, ...

Although bookkeeping seems like a clear and objective endeavor, it is actually based on a set of assumptions and conventions that can affect the information you distill, changing numerical outcomes, ...