What Counts as Taxable Income? You Might Be Surprised.

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Article Highlights: A Simple Example, Finding Money On The Street What Section 61 Is Designed To Do The Basic Idea: Accession To Wealth What Is Usually Taxable? What Is Usually Not Taxable? The General Welfare Exclusion …

September 15 Is the Third Quarter Estimated Tax Deadline

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If you make or receive income that is not fully covered by withholding, September 15, 2026 is an important date on the tax calendar. It is the due date for the third installment of 2026 federal estimated tax payments for individuals who are…

Important September 2026 Tax Due Dates

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September 2026 Individual Due Dates September 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during August, you are required to report them to your employer no later than September…

No Direct Deposit? Your IRS Refund Could Be Delayed for More Than Two Months

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For many taxpayers, receiving a tax refund is the final step of filing season. Once the IRS accepts the return, most people assume their money will arrive within a few weeks. That assumption may no longer be safe. During the most recent filing…

Domicile: What It Means, Why It Matters, and How to Protect Your Tax Position

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Article Highlights: What is Domicile? Key Point How Domicile Differs from Other Residency Tests Why Domicile Matters for Taxpayers What Courts and Tax Auditors Look For Special Rules and Common Exceptions Common Audit…

Maximize Pay, Minimize Taxes: A Guide to Fringe Benefits for Employers and Employees

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Article Highlights: Employment Fringe Benefits Group-Term Life Insurance Employer Retirement Contributions Group Health Insurance Pretax Flexible Spending Arrangements: Qualified Transportation Fringe Benefits De Minimis…

IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase 

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Article Highlights: Mid-year Increase Items Included in the Optional Mileage Rate What Can Be Deducted in Addition to the Optional Mileage Rate Switching Methods With gas prices soaring it has been expected the IRS would increase…

If You Owe the IRS Money, Here’s What You Should Know About the Statute of Limitations on Collection

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Article Highlights: Understanding the 10-Year Clock Situations that Toll the Statute of Limitations Avoiding Unnecessary Extensions Strategies for Navigating the 10-Year Collection Period Important Considerations Should…

Important August 2026 Individual and Business Tax Due Dates

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August 2026 Individual Due Dates August 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer no later than August 10. You can…

Booming or Slowing Down? Why Your 2026 Tax Strategy May Need a Reset

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The economy is sending mixed signals, and many business owners are feeling that unevenness firsthand. Some companies are growing, hiring, investing in technology, and trying to keep up with demand. Others are seeing slower sales, tighter margins,…