What To Do When You Get an IRS Notice (And Why You Don’t Need to Panic)

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There’s nothing quite like opening the mailbox, seeing an envelope with “Internal Revenue Service” printed on it, and feeling your stomach drop. Even people who are perfectly organized — even people who’ve done everything right —…

Understanding Designated Roth Accounts: Benefits, Contributions, Distributions, and Tax Implications

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Article Highlights: Introduction What is a Designated Roth Account? Benefits of Designated Roth Accounts Contribution Limits Catch-Up Contributions Reasons for Increased Limits Treatment of Distributions Tax Treatment …

How the One Big Beautiful Bill Act Transforms R&E Tax Strategies for Businesses

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Article Highlights: One Big Beautiful Bill Act What Constitutes R&E Expenses R&E Expensing– A Short History R&E Expensing After the OBBBA Domestic vs. Foreign Differentiation Options to Accelerate Expenses…

Tax Ramifications for Scam Victims

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Article Highlights: Transactions With a Profit Motive Eligibility Criteria for Profit-Driven Casualty Losses Profit Motive Type of Transaction Nature of Loss Application of IRS Guidance Some Not So Good Tax Ramifications …

Important January 2026 Due Dates

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January 2026 Individual Due Dates January 2 - Time to Call For Your Tax Appointment - January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar…

Year End Stock Strategies for Savvy Investors

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Article Highlights: Annual Loss Limit Navigating Wash Sale Rules Recognizing Year-End Gains and Losses Donating Appreciated Securities Managing Employee Stock Options Dealing with Worthless Stock Leveraging the Zero…

Smart Year-End Money Moves for Every Generation: From Gen Z to Boomers

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The end of the year always sneaks up faster than we expect. One minute it’s pumpkin spice season, the next you’re staring down year-end deadlines, open enrollment, and tax planning checklists. But here’s the truth: November and December…

Tax Time is Around the Corner! Are You Ready?

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Article Highlights: Time to Gather Your Information New for 2025 Choosing Your Alternatives Tips for Pulling Your Information Together Tax time is just around the corner, and if you are like most taxpayers, you are probably…

Maximizing Business Deductions: An Introduction to Depreciation, Amortization, and Expensing

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Article Highlights: MACRS Depreciation Bonus Depreciation Section 179 Expensing Amortization Materials and Supplies Expensing The De Minimis Safe Harbor Rule Expensing Routine Maintenance Expensing Per Building Safe…

Your Annual Reminder to File Worker 1099s

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Article Highlights: 1099-NEC Filing Requirements Filing Due Date Independent Contractor Filing Threshold Landlords Additional Filing Requirements Form W-9 Household Workers Penalties Endeavors to Mitigate Penalties …