OBBBA and State Conformity: Will Your State Follow the Federal Lead?
The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, doesn’t only affect taxpayers at the federal level. It also affects...
Planning for Disability Expenses? New Rules Boost ABLE Accounts！
Achieving a Better Life Experience (ABLE) accounts offer a tax-advantaged way to fund qualified disability expenses for a beneficiary who...
Big Changes Ahead: Draft 2026 W-2 Reflects OBBBA Tip & Overtime Deductions!
The IRS has published draft versions of Forms W-2 and W-2c for the 2026 tax year. The revised forms introduce new reporting requirements...
Thinking of Going Electric? Don’t Miss the Sept. 30 Tax Credit Deadline!
The cutoff date to take advantage of the $7,500 tax credit for purchasing or leasing a new electric vehicle (EV) or $4,000 credit for...
When Nonprofits Cross the Line: $2.9M Charity Fraud Exposed!
Charitable organizations recognized by the IRS as tax-exempt can enjoy tax-favored status if they strictly follow IRS rules. Among other...
Avoid Penalties—Make Your 3rd Estimated Tax Payment by Sept. 15!
If you’re a taxpayer who must make quarterly estimated tax payments, don’t let the next due date sneak up on you. The third estimated...
Congress Pushes IRS to Use AI—But It Already Has Since 2017!
Republicans on the U.S. House’s Ways and Means Committee want the IRS to use AI technologies to help enforce tax laws. Two committee...
Calling the IRS? Actual Wait Times May Be Much Longer Than Reported!
If you called the IRS during the recent tax season, how long did you wait to speak to a representative? The Treasury Inspector General...
U.S.–EU Trade Deal: New Tariffs on Goods, Steel, Aluminum & Autos!
Last month, the U.S. and the European Union (EU) announced the “framework” of a trade deal regarding tariffs. Since then, officials have...
IRS Fact Sheet Highlights Fast-Approaching Clean Energy Credit Deadlines!
The expiration dates of several clean energy tax credits and deductions have been accelerated under the One Big Beautiful Bill Act. The...
