The tax law signed into law last summer made a number of changes that affect individual taxpayers beginning with the 2025 tax year. These updates largely impact personal income tax returns, not business filings, and many of them apply whether you are retired, working, or somewhere in between. Some provisions are already in effect for the 2025 filing season, while others will not apply until 2026. Either way, it is worth understanding what has changed on the individual side be

President Trump signed the reconciliation legislation (unofficially dubbed the "One Big Beautiful Bill Act") into law on July 4, 2025....

The IRS has announced that it is experiencing delays in processing some electronic tax payments. As a result, some taxpayers may receive...

The Battle Over R&D Expensing: What Businesses Need to Know A bipartisan push to restore immediate expensing for research and development...

The Corporate Transparency Act (CTA), which introduced Beneficial Ownership Information (BOI) reporting requirements, has hit a major...

A federal district court in Texas has lifted an injunction that previously blocked enforcement of the Corporate Transparency Act (CTA.)

For rental property owners, the IRS classification of passive activities directly impacts how you can manage your taxes.

IRS Announces Tax Relief for Victims of Hurricane Helene On October 1, 2024, the IRS announced significant disaster tax relief for...

Dear Clients and Friends, As part of ongoing efforts to promote transparency and curb financial crimes, the Corporate Transparency Act...