Category: Tax

Article Highlights: The 2026 “Dead Zone” vs. the OBBBA Era Why Waiting Until 2027 Matters Unpacking the OBBBA Tax Benefits Rolling Gain Deferral The 10% (or 30%) Basis Step-Up Tax-Free Appreciation (the 10-Year Rule) What Gains Qualify and How Much […]

Article Highlights: Pass-through Entity Elective Tax OBBBA’s Increased SALT Limits How PTET Works (The Basic Concept) Eligible Pass-through Entities How PTET Stacks Up Given Recent Federal SALT Law Changes Final Thoughts and Recommendations If you pay substantial state and local […]

Article Highlights: Filing due date Balance due payments Contributions to a Roth or traditional IRA Individual refund claims for tax year 2022 Filing extension Foreign Bank and Financial Accounts Report (FBAR) Estimated tax payments for the first quarter of 2026 […]

Article Highlights: Employees Self-Employed Individuals Periodic Payments Underpayment Penalty Safe Harbor Payments Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed individuals must prepay their taxes by making periodic estimated tax payments. These are […]

Article Highlights: Landmark U.S. Court of Federal Claims Ruling Opens the Possibility of Penalty and Interest Refunds What This Means for Taxpayers Key Actions for Affected Taxpayers Filing a Protective Claim Deadlines and Expiration Preparing Your Next Steps If you […]

Article Highlights: Awareness Seniors Are Frequent Targets How to Spot a Scam Common Phishing Emails Common Smishing Texts How to Protect Yourself Social Media Tax season is a busy time for taxpayers. It is also a busy time for criminals […]

Article Highlights: Senior Deduction No Tax on Tips No Tax on Qualified Overtime Vehicle Loan Interest Deduction Adoption Credit Child Tax Credit Environmental Tax Credits SALT Deduction Limit Super Retirement Plan Catch Up Contributions Third Party Network Transaction Reporting (1099-K) […]

Article Highlights: Time to Gather Your Information New for 2025 Choosing Your Alternatives Tips for Pulling Your Information Together Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore […]

Article Highlights: The Basics of Educator Deductions Qualified Expenses to Maximize Your Deductions Eligibility and Claiming Deductions Strategic Approaches to Deductions Above-the-line Deduction ResurrectedMiscellaneous Itemized Deduction Scenario of Joint Filing Combining Deduction Methods Alternative When You Don’t Qualify for the […]