Author Profile: MyCPA LLP Admin
Don’t overlook the GST tax when transferring wealth to younger generations
October 9, 2026
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
IRA Rollovers: What the One-Rollover-Per-Year Rule Means for You
The “one-rollover-per-year” rule limits retirement account holders to one indirect IRA-to-IRA rollover within a 12-month period. “Indirect” means...
- Categories:
- Federal and State Tax
IRS Clarifies Tax Rules Through Recent Information Letters
The IRS National Office regularly releases information letters to the public responding to requests from taxpayers and government officials for general i...
- Categories:
- Federal and State Tax