Employer reimbursements for bicycle commuting costs, such as purchases, repairs and storage, remain taxable income to employees. That’s because the suspe...
The National Taxpayer Advocate, Erin Collins, recently issued her 2025 Annual Report to Congress. In it, she warns that the combination of staff reductions...
If you owe federal tax, you can generally pay the debt using a credit or debit card or through certain third-party apps. However, there are restrictions. T...
Are you eligible for the Earned Income Tax Credit (EITC)? Each year, roughly 1 in 5 eligible taxpayers don’t claim this credit. To raise awareness, the I...
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...
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...
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...
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...
Personal theft losses generally aren’t deductible unless they’re attributable to a federally declared disaster. Even then, the write-off is available o...
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...
