Important February 2026 Tax Due Dates

, , , , ,
February 2026 Individual Due Dates February 2 - Individuals Who Must Make Estimated Tax Payments If you didn't pay your last installment of estimated tax by January 15, you may choose (but aren't required) to file your income tax return (Form…

What Is Advisory — And Is It Right for You?

, , , , ,
Most people think their financial professional focuses on the past: last year’s tax numbers, last quarter’s profit, last month’s expenses. That’s the compliance world. It’s essential, of course. But it’s focused on what already happened. Advisory…

How the One Big Beautiful Bill Act Transforms R&E Tax Strategies for Businesses

, ,
Article Highlights: One Big Beautiful Bill Act What Constitutes R&E Expenses R&E Expensing– A Short History R&E Expensing After the OBBBA Domestic vs. Foreign Differentiation Options to Accelerate Expenses…

Tax Ramifications for Scam Victims

, ,
Article Highlights: Transactions With a Profit Motive Eligibility Criteria for Profit-Driven Casualty Losses Profit Motive Type of Transaction Nature of Loss Application of IRS Guidance Some Not So Good Tax Ramifications …

The IRS Just Got Leaner—But Not Softer on Enforcement

, ,
The IRS is going through what you might call an identity crisis. Thousands of employees have been laid off right in the middle of tax season, including auditors, tech staff, and even customer service reps. Throw in yet another commissioner swap…

October Extended Due Date Just Around the Corner

, , , ,
Article Highlights: October 15, 2025, is the extended due date for 2024 federal 1040 returns. Late-filing Penalty Interest on Tax Due  Other October 15 deadlines If you could not complete your 2024 tax return by April 15,…

Important September 2025 Due Dates

,
September 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

, ,
The 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

,
Article 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

, , ,
On 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,”…