After a one-year hiatus due to the COVID-19 pandemic, owners of qualified retirement plans and IRAs now must adhere to the rules for required minimum distributions (RMDs). The RMD rules are tricky and could result in a substantial tax penalty if you're not careful.

With year end rapidly approaching, it's time to consider making some moves that will lower your 2021 federal income tax bill— and potentially position you for future tax savings. Unfortunately, tax planning is particularly challenging this year, because the tax rules for 2022 aren't yet certain. In fact, they may not even be certain for 2021.

What does a work-from-home workforce mean for taxes? There’s certainly pros and cons to remote work, but what should business owners and employers be aware of during this shift?