Author Profile: MyCPA LLP Admin
IRS Announces Automatic Refunds for Eligible Adoption Tax Credit Carryforwards
October 28, 2026
If you’re one of the more than 50,000 taxpayers who claimed a prior-year carryforward of the adoption tax credit, you may receive a refund by the end o...
- Categories:
- Federal and State Tax
IRS Finalizes New Rules for Credit and Debit Card Tax Payments
The IRS has finalized regulations allowing it to accept credit and debit card tax payments directly. Previously, it was prohibited from paying fees under...
- Categories:
- Federal and State Tax
Roth vs. Traditional IRA: Key Tax Differences You Should Know
Roth IRAs debuted in 1998, but the difference between them and traditional IRAs can still cause confusion. Traditional IRA contributions are often tax de...
- Categories:
- Federal and State Tax
Jury Duty Pay: You May Qualify for a Federal Tax Deduction
Did you serve on jury duty this year? You may qualify for a federal income tax deduction. If your employer continued paying you while you served and requ...
- Categories:
- Federal and State Tax
Small Business Tax Break: Deduct Certain Building Improvement Costs Immediately
Some small business owners making building improvements may not have to wait years to deduct all of the costs. A special IRS safe harbor lets qualifying sm...
- Categories:
- Federal and State Tax
Take The Guesswork Out Of Gifting Hard-To-Value Assets With Defined-Value Gifts
Transferring wealth to family members can reduce your taxable estate. But when gifts involve assets that are difficult to value, such as interests in a clo...
- Categories:
- Estates and Trust
Buying A Business? It Pays To Dig Deeper Into The Financials
Whether you’re launching a new venture or expanding an existing one, it’s often easier to buy an established business than to build market share from s...
- Categories:
- Accounting and Audit
Occupational Fraud Can Impact A Manufacturer’s Bottom Line
Manufacturers face numerous financial and operational risks, but one potentially costly threat can come from within their own organizations. Occupational f...
- Categories:
- Manufacturing
Prepare now for a more efficient audit
October 21, 2026Audit preparation should begin long before fieldwork starts. Giving your accounting team and external auditor time to address significant transactions, rec...
- Categories:
- Accounting and Audit
Special estate planning considerations may be necessary if you have nonbiological children
Modern families come in many forms. A household may include biological children, adopted children, stepchildren or children of an unmarried partner. Even t...
- Categories:
- Estates and Trust