The IRS has proposed regulations regarding recent Qualified Opportunity Zone (QOZ) changes. The QOZ program offers tax breaks on capital gains from eligibl...
Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created under the One Big Beautiful Bill Act. The gu...
The IRS has issued final regulations on the car loan interest deduction. For loans taken out after Dec. 31, 2024, on new, U.S.-assembled vehicles used prim...
Does your business receive advance payments from customers? For federal tax purposes, these payments generally are taxable in the year received. But accrua...
Year end is an important time to check required minimum distributions (RMDs). If you’re age 74 or older in 2026 and already subject to the RMD rules, you...
Sole proprietors and owners of pass-through entities, listen up! Last year’s tax legislation made permanent the Section 199A qualified business income (Q...
If you make a personal loan to a family member or friend, are you out of luck if he or she doesn’t pay you back? Actually, you may be able to deduct “b...
If you have significant tax debt, your passport may be at risk. The IRS defines seriously delinquent tax debt (SDTD) as an unpaid, legally enforceable fede...
Business owners and self-employed individuals with extended 2025 federal income tax returns may still have an opportunity to reduce their 2025 federal inco...
If a wildfire, hurricane or other disaster destroys important financial records, you may be able to reconstruct them for tax purposes, insurance claims or ...