The One Big Beautiful Bill Act introduced a 100% deduction for the cost of qualified production property (QPP) whose construction begins after Jan. 19, 202...
For 2026, SIMPLE-IRA participants age 50 or older can take advantage of catch-up contributions that allow them to save more for retirement while potentiall...
When it comes to filing your federal tax return, mistakes can happen. The IRS encourages taxpayers to carefully review their return before filing it to mak...
For many manufacturers, aftermarket services increasingly account for a significant share of profits, sometimes exceeding those from product sales. These s...
Once considered a temporary workaround, remote auditing is now a permanent part of how audits are planned and performed. Technological advances and evolvin...
Irrevocable trusts provide various estate planning benefits, such as reducing estate taxes and helping to ensure assets are distributed as you wish. But es...
It’s tax season, and for some taxpayers, that means facing a balance due. If you can’t pay your full tax bill, an offer in compromise (OIC) could help ...
The IRS is reminding taxpayers of new deductions available this tax season. If you’re 65 or older, you potentially can claim an additional $6,000 deducti...
The death of a loved one may require you to file the individual’s final income tax return. Fortunately, this melancholy task is similar to filing your ow...
Last year’s One Big Beautiful Bill Act placed a new floor under the deductibility of charitable contributions. Beginning in 2026, if you itemize, you may...
