Federal Tax Tips – April Releases

Our tax alerts are high-level communications and should not be considered as legal or actionable tax advice. Please contact us with any questions you have.

Federal Tax Tips – March Releases

This communication is high-level and should not be considered as legal or tax advice to take any specific action. Please contact us with any questions you have.

Get a tax credit for your home’s green energy upgrades

If you are installing renewable energy systems in your primary or other residences, you may be eligible for a valuable tax break. If your home improvements qualify, the Nonbusiness Energy Tax Credit can reduce your federal tax bill.

Contractual allowance vs. bad debt for healthcare providers

Knowing the difference between contractual allowance and bad debt is critical to healthcare providers. The IRS wants bad debt clearly separated in tax returns. LBMC can help with revenue recognition standards and tax reporting.

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