
Important September 2025 Due Dates
2025 Due Dates, TaxesSeptember 2025 Individual Due Dates
September 2025 tax deadlines include tip reporting and estimated tax payments. Learn safe harbor rules, how to avoid penalties, and strategies to prepare for 2026.
2025 Fall and 2026 Tax Planning
Tax…

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…

Navigating IRS Penalty Abatement
Tax Tips, TaxesArticle Highlights:
Understanding Reasonable Cause Abatement
What Constitutes Reasonable Cause?
How to Apply for Reasonable Cause Relief
Who Can Apply?
IRS Guidelines on Evaluating Reasonable Cause
Grounds Used for Requesting…

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…

Unlock Savings: How the Child and Dependent Care Credit Can Ease Your Childcare Costs
Financial Planning, Savings, Tax Planning, Tax Tips, TaxesArticle Highlights:
Qualifying Expenses
Whose Care Qualifies
Filing Requirements for Married Taxpayers
Maximum Amount of Expenses Eligible
Imputed Income for Disabled or Full-Time Student Spouse
Credit Percentages Based…

Uncertain About the Reporting Deadlines for BOI?
Business, Corporate, Tax Planning, TaxesArticle Highlights:
Corporate Transparency Act
Beneficial Ownership Information
Events Leaving Beneficial Ownership Information Reporting in Doubt
History of Events
Current Status
Back in 2021 Congress passed the Corporate…

How Living in a Community Property State Impacts Married Couples’ Taxes
2024 Taxes, Tax Planning, Tax Tips, TaxesArticle Highlights:
Community Property Laws
Community Property States
Domicile and Its Importance
Treatment of Community Property
Community vs. Separate Property
When Community Property Ends
Special Rule for Spouses…

Navigating the Complex Tax Maze for Student-Athletes
Education, Tax Tips, TaxesArticle Highlights:
Scholarships
Grants and Financial Aid
Income from NIL (Name, Image, and Likeness)
NCAA Eligibility and Tax Considerations
Part-Time Jobs
Student’s Standard Deduction
Education Credit
Student Loan…

You May Receive a Form 1099-K This Year: What It Means for Your Taxes
2024 Taxes, Tax Tips, TaxesArticle Highlights:
Historical Context of Form 1099-K
The Evolution of Reporting Thresholds
Current Reporting Threshold for 2024
Implications for Recipients of Form 1099-K
Impact on Tax Reporting
Individuals Selling Personal…