A recent wave of IRS court victories is sending a clear message: If a tax strategy exists mainly to reduce taxes—and not for a real business purpose—it may not hold up. This isn’t a new idea. In fact, the foundation goes all the way back to a landmark case: Gregory v. Helvering But what’s changing […]
Article Highlights Aging Population Home Improvements for Medical Care or Treatment Improvements that Increase the Home’s Value Improvements that Do Not Increase the Home’s Value Medical AGI Limitations Hot Tub Deduction Issues The year 2025 marked a significant milestone in the United States. Why? Because a record number of people reached the age of 65. […]
AI Isn’t Replacing Your Business. But It Is Changing How You Scale It There’s a lot of noise around AI right now. Some of it is about job loss. Some of it is about disruption. Most of it is not particularly helpful when you are trying to run a business day-to-day. The real question is […]
They Got In. Now You Have to Decide: How to Pay for College Without Regret You log into the portal together. There’s a pause before clicking. Then the decision appears on the screen. They got in. It’s everything you hoped for them. The work paid off. The opportunity is real. And then, almost immediately, your […]
May 2026 Individual Due Dates May 11 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer no later than May 11. You can use IRS Form 4070 or your own statement that […]
For a period of time, IRS activity felt quieter. Response times were longer. Enforcement felt less visible. Fewer taxpayers were hearing from the IRS directly. Many people got used to that environment. Now things are shifting. Not all at once, but steadily. More notices are being issued. More requests for clarification are being sent. More […]
Tax season brings deadlines, documents, and urgency. It also brings scammers. Every year, phishing attempts spike during filing season because criminals know people are expecting financial communication. Refund notices. Payroll updates. Signature requests. Client documents. The timing makes the message feel legitimate. And in 2026, the tactics are more sophisticated than ever. Why Tax Season […]
For a period of time, borrowing felt manageable. Financing was easier to justify. Lines of credit were relatively affordable. Growth decisions made sense on paper. Then things began to shift. Not all at once. Gradually. Payments started to increase. New financing came with higher costs. Decisions that once felt straightforward now require a second look. […]
Article Highlights: Internal Revenue Code (IRC) Section 61 Ill-Gotten Gains Exclusions from Income The Real Cost of Winning Game Show Prizes Picture this: you’re taking a stroll through the park, and you spot a five-dollar bill on the ground. Exciting, isn’t it? You look around to see if someone nearby may have dropped it. Seeing […]
AI is now built into your accounting software. Expense suggestions. Cash flow forecasts. Tax projections. “Smart” insights. It feels powerful. And in many ways, it is. But here’s the uncomfortable truth: AI doesn’t fix messy books. It analyzes them. And if the data is wrong — or incomplete — the advice will be wrong. Just […]