The Inflation Reduction Act established a 1% excise tax on the fair market value of stock repurchases (often referred to as “buybacks”) made by certain...
The IRS has issued guidance for taxpayers wanting to claim new deductions for qualified tip income and qualified overtime compensation for 2025. The guidan...
Allowing employees to work remotely from other states may introduce significant tax and compliance challenges for employers. For example, when employees ar...
Recently, National Taxpayer Advocate Erin Collins told attendees of an American Institute of CPAs conference that she thought the IRS needed to address pro...
Taxpayers who give the IRS Whistleblower Office (WBO) credible, specific tips about unpaid taxes may qualify for cash awards. To qualify for an award, the ...
If you’re self-employed and have realized a net profit for the year, you may be eligible for the self-employed health insurance deduction. This is an adj...
Giving Tuesday (Dec. 2, 2025) will soon kick off the holiday charitable giving season. If you’re planning to make donations, take steps to ensure you don...
The Collection Statute Expiration Date (CSED) is the legal deadline for the IRS to collect assessed tax debts. Generally, it’s 10 years from the date of ...
Contributions to a Savings Incentive Match Plan for Employees (SIMPLE) are typically made on a pretax basis. Most retirement plan contribution limits are a...
The IRS has announced that interest rates for both overpayments and underpayments of individual taxpayers will remain at 7% for the calendar quarter beginn...
