Form 1099-K threshold reverts to $20,000
Recent legislation retroactively reinstated the reporting threshold in effect prior to the passage of the American Rescue Plan Act of 2021 (ARPA) […]
Inflation Adjustments for Tax Year 2026
The Internal Revenue Service has announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax […]
Final Regulations for Catch-up Contributinos
The IRS issued final regulations on September 15 addressing the new Roth IRA catch-up contribution rule enacted as part of the SECURE […]
Educator Expense Deduction
It’s back to school season, and with that comes potential out-of-pockets costs for educators. The Educator Expense Deduction lets eligible teachers and […]
Spotlight: Individual Deductions
Last month we took a look at all of the changes introduced by the passage of Public Law 119-21 (commonly known as […]
OBBB – Other Provisions
You have probably heard of the “One Big Beautiful Bill Act” which recently passed Congress and was signed by the President. This […]
OBBB – Business Provisions
You have probably heard of the “One Big Beautiful Bill Act” which recently passed Congress and was signed by the President. This […]
BBB – Individual Provisions
You have probably heard of the “One Big Beautiful Bill Act” which recently passed Congress and was signed by the President. This […]
Summer Activities and Your Tax Return
You might not realize it, but your summer fun could impact your taxes. Here are a few summertime activities and tips on […]
June 16 Deadline for Taxpayers Living Abroad
If you live and work abroad, you have until Monday, June 16, 2025, to file your 2024 federal income tax return and […]