Have Foreign Bank Accounts? Don’t Miss the FBAR Deadline Taxpayers with foreign financial accounts may need to file a Report of Foreign Bank and Financia...
More changes could be coming to the IRS. On Feb. 26, Senate Finance Committee leaders introduced the bipartisan Taxpayer Assistance and Service Act to impr...
If you’re a K-12 teacher, principal, counselor or aide at a state-certified school, don’t forget about the educator expense deduction. In general, you ...
The IRS reminds families that this filing season may offer significant tax-saving opportunities. The Child Tax Credit is up to $2,200 per qualifying child,...
Buying a Business Vehicle in 2026? Know the New IRS Depreciation Limits The IRS has issued depreciation caps for “luxury” business vehicles placed in s...
New IRS Schedule 1-A Introduced for Additional Deductions The IRS has released a new Schedule 1-A, “Additional Deductions,” (https://bit.ly/4aLdMRR) to...
The “kiddie tax” catches many parents by surprise. It can affect children under 18, dependents who are age 18 at year end and full-time students ages 1...
The Department of Labor (DOL) has proposed a new rule that would make it easier for businesses to classify workers as independent contractors rather than e...
If you expect a federal tax refund but have past due federal taxes, unpaid child support, or other federal or state debts, you could be subject to a refund...
The IRS has launched a new “Report Fraud” webpage to simplify confidential reporting of suspected tax fraud or scams. It consolidates multiple IRS frau...