Author Profile: MyCPA LLP Admin
Senate Approves Taxpayer Assistance and Service Act
October 13, 2026
The Taxpayer Assistance and Service Act has cleared another hurdle. On Sept. 30, the Senate unanimously approved the bipartisan legislation. The 65-provi...
- Categories:
- Federal and State Tax
IRS Clarifies How to Claim the Federal Scholarship Tax Credit
The IRS has issued proposed regs on the Federal Scholarship Tax Credit (FSTC). The guidance clarifies how to claim the credit for qualified cash contributi...
- Categories:
- Federal and State Tax
4 tips to help seasonal businesses enhance cash-flow management
October 9, 2026Most businesses experience cash-flow fluctuations, but the swings can be especially intense for seasonal businesses. Revenue may rise sharply during busy...
- Categories:
- Accounting and Audit
Don’t overlook the GST tax when transferring wealth to younger generations
If your estate plan includes gifts, bequests or other transfers to grandchildren, great- grandchildren or other beneficiaries decades younger than you, th...
- Categories:
- Estates and Trust
IRS Announces Penalty Relief for Remittance Transfer Providers
The IRS has announced penalty relief for remittance transfer providers responsible for collecting a new 1% excise tax. These providers must collect the t...
- Categories:
- Federal and State Tax
IRS Launches New Mobile App with Expanded Taxpayer Services
The IRS has replaced IRS2Go with a new mobile app that expands the agency’s digital services and gives taxpayers secure access to more account informat...
- Categories:
- Federal and State Tax
Maximize Your Business Tax Deductions Before Year-End
As year-end approaches, your business might want to review opportunities to deduct expenses in light of recent tax law. Most entertainment expenses, for ...
- Categories:
- Federal and State Tax
The “Jock Tax”: What College and Professional Athletes Need to Know
Professional — and now college — athletes could face unexpected tax bills if they don’t plan carefully. Multistate taxation used to be an issue onl...
- Categories:
- Federal and State Tax
Farmers May Gain New Tax Flexibility When Selling Farmland
Farmers and farmland owners may have a new way to manage the tax impact of certain property sales. The IRS has issued proposed regulations on an election...
- Categories:
- Federal and State Tax
IRS Issues Temporary Rules for Section 530A (Trump) Accounts
New temporary IRS regs address auto enrollment and contributions to Section 530A (or Trump) accounts. On or around Oct. 1, 2026, the U.S. Treasury Dept. ...
- Categories:
- Federal and State Tax