
Got an IRS Notice? Here’s How to Handle It Without Losing Sleep
Scams, Tax News, Tax TipsFew things can rattle a business owner faster than seeing “Internal Revenue Service” on an envelope. The instinct is to panic. But the truth? An IRS notice doesn’t automatically mean you’ve done something wrong.
In 2025, notices are…

Understanding the New Deduction for Overtime Under the OBBBA: A Comprehensive Guide
Tax Credits, Tax News, TaxesThe recent passage of the One Big Beautiful Bill Act (OBBBA) marks a significant shift in the tax landscape, bringing with it a range of changes aimed at easing the financial burden on American workers. Among these changes, the introduction…

Flat Tax Fever? States Ramp Up 2025 Income Tax Overhauls
Tax News, Tax ReformMany U.S. states are considering or implementing flat income tax systems. These policies apply a single tax rate to all taxpayers regardless of income. While supporters say these reforms simplify tax codes and spur economic growth, critics argue…

Tax Bill Clears the House: What It Means for Americans and What’s Next
2025 Taxes, Tax News, Tax Tips, TaxesOn May 22, the U.S. House of Representatives passed a sweeping tax package, advancing a bill that could significantly reshape the federal tax landscape heading into the 2025 filing season. Dubbed by supporters as “The One Big Beautiful Bill,”…

Understanding Filing Requirements and Non-Compliance Penalties for Exempt Organizations
Tax Credits, Tax News, Tax Planning, Tax Reform, Tax Tips, TaxesArticle Highlights:
Annual Filing Requirements
Understanding Which Form to File
Due Dates and Extensions
Online Filing Options
Consequences of Late Filing or Non-Filing
Monetary Penalties for Filing Non-Compliance
Other…

How the Social Security Fairness Act and Lump-Sum Election Can Maximize Your Benefits
Retirement, Tax News, Tax PlanningArticle Highlights:
The Impact of the Social Security Fairness Act
Social Security Lump-Sum Election
Taxation Options for Lump-Sum Payments
Taxation in the Year of Receipt
Lump-Sum Election Method
How Each Method Works
…

Fore! When Golfers Miss the Fairway on Taxes
Tax Credits, Tax NewsAs Rory McIlroy celebrates his historic 2025 Masters victory, joining an elite group of golfers – including Tiger Woods and Jack Nicklaus – who've completed the career Grand Slam, the spotlight on professional golf has never been brighter.…

IRS Unveils Top Tax Scams and Threats to Watch For
Scams, Tax NewsArticle Highlights:
Dirty Dozen
Email Phishing Scams
Bad Social Media Advice
IRS Individual Online Account Help from Scammers:
Fake Charities
False Fuel Tax Credit Claims
Credits for Sick Leave and Family Leave
…

How to Handle IRS Letters During Filing Season: What You Need to Know for 2025
Tax News, Tax Planning, Tax Tips, TaxesThe dreaded moment arrives: you check your mail, and there it is—a letter from the IRS. Your heart sinks. What could it be? A mistake? A penalty? A request for missing information?
If this sounds familiar, you’re not alone. During filing…

Hidden Tax Benefits: How Equitable Ownership Can Maximize Your Mortgage Interest and Tax Deductions
Mortgage, Tax News, Tax Planning Article Highlights:
Equitable Ownership
Who Qualifies as an Equitable Owner?
Tax Implications of Being an Equitable Owner
Mortgage Interest Deduction
Property Tax Deduction
Examples of Equitable Ownership
Examples Where…