The 280C Protective Election: A Safe Harbor in the R&D Tax Credit Landscape The intricacies of tax law can seem like a labyrinth, especially when it comes to leveraging credits such as the Research & Development (R&D) tax credit. One navigational tool that can be utilized within this maze is the 280C Protective Election. In Read More
How Are Lottery Winnings Taxed? Lottery winnings are regarded as taxable income by the federal government. Any winnings surpassing a predetermined level, now $600 or more, must be reported to the Internal Revenue Service (IRS). A Form W-2G, which lists your winnings and any taxes withheld, such as a jackpot, will be provided to you Read More