“No Tax On Tips” Rules Are Complex
President Donald Trump issued an executive order last March requiring all federal agencies to transition from paper checks to electronic funds transfer to the extent permitted by law.
OBBBA Revamps and Enhances Educator Expense Deductions
President Donald Trump issued an executive order last March requiring all federal agencies to transition from paper checks to electronic funds transfer to the extent permitted by law.
IRS Moves to Electronic Refunds
President Donald Trump issued an executive order last March requiring all federal agencies to transition from paper checks to electronic funds transfer to the extent permitted by law.
The Hidden Benefits of Filing a Gift Tax Return
Most people never have to pay gift taxes, but they still may be required to file gift tax returns with the IRS. Such filings can be a burden, but they can also provide important benefits.
What are Legitimate Business Expenses? There are Many Different Rules to Know.
All the effort that financial planner Ty Tannick has spent chasing prospective billionaire client Lou Sitania is about to pay off.
Business Owners: Last Minute Vehicle Purchases May Save You On Your Taxes.
Don’t procrastinate. If you want the vehicle deduction, you need to (a) own the vehicle, and (b) place it in business service on or before December 31, 2025.
Selling a Term Life Insurance Policy Creates Thorny Tax Issues
Alife insurance policy is like the proverbial pot of gold at the end of the rainbow.
ALERT: IRS Confirms Phaseout for Paper Refund Checks
The Internal Revenue Service and Treasury Department announced paper refund checks for individual taxpayers will be phased out beginning Sept. 30, 2025, per the executive order from President Trump signed in March.
Important Changes to Taxpayers from the “One Big Beautiful Bill”
Tax rates for 2025 are set by the Tax Cuts and Jobs Act (TCJA) at 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
Effective 2026, the OBBBA sets permanent individual tax rates at 10%, 12%, 22%, 24%, 32%, 35%, and 37%, replacing scheduled higher post-TCJA rates.
SALT Deductions Increase Under “One Big Beautiful Bill Act”
The One Big Beautiful Bill Act (OBBBA) makes many provisions from the 2017 Tax Cuts and Jobs Act (TCJA) permanent.