IRS Moves Toward Eliminating Paper Checks
2/5/2026The IRS has published new FAQs on Executive Order 14247, which calls for eliminating paper checks to and from the IRS. This change is to reduce fraud, enha...
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- Federal and State Tax
MyCPA LLP Admin
The IRS has published new FAQs on Executive Order 14247, which calls for eliminating paper checks to and from the IRS. This change is to reduce fraud, enha...
MyCPA LLP Admin
Americans living abroad generally have more time to file their federal income tax returns than their stateside peers. If your tax home and abode are outsid...
MyCPA LLP Admin
Chapter 13 bankruptcy is intended to protect financially distressed individuals and sole proprietors so they can repay creditors and get out of debt. But i...
MyCPA LLP Admin
As you’ve probably heard by now, the One Big Beautiful Bill Act introduced a deduction for qualified overtime compensation for 2025 through 2028. The ded...
MyCPA LLP Admin
Personal theft losses generally aren’t deductible unless they’re attributable to a federally declared disaster. Even then, the write-off is available o...
MyCPA LLP Admin
In the lead-up to this year’s tax filing season, which officially begins on Jan. 26, the IRS has announced significant leadership and operational changes...
MyCPA LLP Admin
The One Big Beautiful Bill Act reshapes charitable tax planning for 2026. Itemizers can still deduct gifts to qualified charities, but only the amount that...
MyCPA LLP Admin
Closing a business can be overwhelming. But don’t let tax duties fall through the cracks. File a federal income tax return for your business’s final ye...
MyCPA LLP Admin
The Republican Study Committee (RSC), made up of conservative U.S. House members, has released its framework for a new budget reconciliation bill. Included...
MyCPA LLP Admin
Your marital status affects many federal tax filing variables, including your standard deduction, credit eligibility and tax owed. If you’re currently ...
