Expiring Credits
The OBBBA has accelerated the termination of a few clean energy credits, which expire at different dates in 2025.
Rules on “Qualified” Tips
The rules on “qualified” tips are complicated, however, the IRS has uploaded an article providing guidance on this matter.
2026 Annual Inflation Adjustments
Some important inflation adjustments include adjustments to the standard deduction, estate tax credits, and earned income tax credits.
2025’s One Big Beautiful Bill Act
With the passing of the One, Big, Beautiful Bill, there are many changes that will begin to affect taxpayers in 2025.
How Do Interest & Penalties Work?
If you’ve filed your taxes late or failed to file your taxes at all, the sound of penalties and interest may sound intimidating.
Missed the Tax Deadline? Here are Payment and Relief Tips
For taxpayers who missed the tax filing deadline, they may be subject to interest and penalties if they owe.
Frequently Asked Questions for the PAS-1 Form
With the new PAS-1 process, it is common to have questions about what has changed and when applicants should expect to receive payments.
2025’s Dirty Dozen Tax Scams
Although this year’s tax season is over, it is important to stay informed to avoid falling victim to these common tax scams.
Is the BOI Already Dead?
Is the BOI already dead? A federal judge has ruled that the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirement are unconstitutional, but only for the National Small Business Association (NSBA) and its 60,000+ members as of March 1, 2024. The ruling, however, has the potential to have nationwide consequences as […]
How to File an Extension for Your Tax Return
Are you ready for Tax Day? Need more time to prepare your federal tax return? Please be aware that an extension of time to file your return does not grant you any extension of time to pay your taxes. You should estimate and pay any owed taxes by your regular deadline to help avoid possible penalties. You must file […]