Category: Tax

Article Highlights: The Purpose and Impact of Form 1099-DA Who Must Issue Form 1099-DA? Who Will Receive Form 1099-DA? What Information is Included on Form 1099-DA? Understanding the Cost Basis Challenge for 2025 Special Reporting Rules for Stablecoins and Non-Fungible […]

Written By: Sandra Bullock If you own or help run a business, you may have heard that the One Big Beautiful Bill Act (“OBBBA”) is “bringing back expensing” for research and development and making 100% bonus depreciation permanent. That’s true—but […]

Article Highlights: 1099-NEC Filing Requirements Filing Due Date Independent Contractor Filing Threshold Landlords Additional Filing Requirements Form W-9 Household Workers Penalties Endeavors to Mitigate Penalties Worksheet This is our annual reminder that if you use workers other than employees to […]

By: Greg Hyde, Squire Tax Partner & Mark Boucha, Squire Tax Manager When Congress passed the One Big Beautiful Bill Act (OBBBA), it introduced some of the most sweeping updates to U.S. tax law in many years. From revised brackets and deductions to expanded credits […]

Article Highlights: Executive Order The Impetus Behind the Transition Challenges Facing Unbanked Taxpayers Proposed Solutions and Alternatives In a move set to redefine the refund process, the Internal Revenue Service (IRS), in collaboration with the U.S. Department of Treasury, has […]

In the complex world of tax deductions, understanding the distinctions between above-the-line deductions, below-the-line deductions, and standard and itemized deductions is crucial for effective tax planning. Each category serves a distinct purpose within the tax code, impacting how taxable income […]

Article Highlights: Historical Context Tax Benefits of Bonus Depreciation Qualification Criteria for Bonus Depreciation Qualified Improvement and Property Issues Revoking Bonus Depreciation and AMT Implications Business Automobiles and Other Depreciation Rules Issues Addressed by the Recent Reinstatement Qualified Production Property […]

Article Highlights: One Big Beautiful Bill Act Home Solar Energy Credits Home Energy Efficient Improvements Credit Credits for Electric Vehicles (EV) o   New EVs o   Previously Owned EVs The Urgency to Act Call to Action In recent years, as the conversation about […]