Setting Up Your IRS Online Account
Managing your tax information has become significantly easier in today’s digital world. To help reduce long phone wait times and delays with mailed correspondence, the IRS created [...]
Simplify Your Tax Payments by Paying the IRS Online
On March 25, 2025, President Donald Trump signed Executive Order 14247, which requires all federal disbursements and receipts to be made electronically. This includes tax payments and [...]
If You Inherited an IRA, RMDs May Be Required in 2025!
If you inherited an IRA from someone other than your spouse, required minimum distributions (RMDs) must be withdrawn from the IRA in 2025 and future years, if [...]
Effective Year-End Tax Planning
As we approach the end of 2025, it’s time to take a fresh look at your tax [...]
Small taxpayers with Research and Experimental (R&E) Expenses may need to take immediate action before September 15, 2025
As we noted in our prior blog post, the IRS recently released long-awaited procedures for elections and [...]
IRS issued highly anticipated guidance on Research and Experimental (R&E) Expense deductions for 2024
The IRS has released highly anticipated guidance on R&E expenditures. New procedures have been issued for the [...]
Important Update For Making Individual Estimated Tax Payments
Save the stamp and make your Federal tax payments electronically with IRS Direct Pay via the IRS’ [...]
“One Big Beautiful Bill Act” Tax Provisions Highlights
Enacted July 4, 2025 The One Big Beautiful Bill Act is a $3.4 trillion tax and spending [...]
Significant Update – BOI Reporting Enforcement SUSPENDED against US Citizens and DOMESTIC Reporting Companies
The US Department of the Treasury has announced a major development regarding the Corporate Transparency Act and [...]