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,…

Weddings, Childcare, Children’s Summer Employment, and Travel: Navigating Summer’s Tax Minefield

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Weddings, Childcare, Children’s Summer Employment, and Travel: Navigating Summer’s Tax Minefield Article Highlights: Why Summer Matters for Taxes Marriage in Summer Childcare and Summer Camps Summer Jobs for Children …

Why an IRS Online Account Matters — And How to Create One

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Article Highlights: What an IRS Online Account Can Do for You Top Benefits What You’ll Need Before You Start How to Create an IRS Online Account If Verification Fails Security and Privacy Tips Common Uses of an Online…

Tens of Millions Claimed New Tax Breaks — Did You Miss One?

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Article Highlights: IRS Preliminary 2025 Tax Returns Filing Data What the Government Reported Overall Uptake Overtime (OT) Deduction Tip Income Deduction Enhanced Senior Deduction Carloan Interest for Americanmade…

Gen Z Is Earning Differently—And Most Are Getting Taxes Wrong

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This generation doesn’t wait for a paycheck. They create income on their own terms. Selling products online. Editing videos for clients. Running social media accounts. Picking up freelance work between classes or jobs. It’s flexible. It’s…

A Surprise Refund Opportunity? Millions of Taxpayers May Be Owed COVID-Era Penalty Refunds

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The pandemic disrupted… well, everything. Business operations. Filing deadlines. IRS processing. Even the way taxpayers interacted with the government changed almost overnight. Now, years later, a federal court case is reopening a question…

The IRS Is Cracking Down on “Creative” Tax Strategies—What It Means for You

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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…