Penalties That Can Wreck Your Finances
The IRS Doesn’t Send Thank-You Notes—Just Penalty Notices You file a little late.You miss an estimated payment.You hire a remote employee in another state and forget to registe
Tax Advantages of Qualified Charitable Distributions (QCDs)
Qualified Charitable Distributions (QCDs) are a highly effective tool in the tax planning toolkit, particularly for retirees who must take Required Minimum Distributions (RMDs) fro
IRS Shifts to Paperless Refunds: What This Might Mean for You
In a move set to redefine the refund process, the Internal Revenue Service (IRS), in collaboration with the U.S. Department of Treasury, has announced the gradual phasing out of pa
Plan Now For the 2027 Revival of Opportunity Zone Investment Tax Breaks
The Tax Cuts and Jobs Act (TCJA) of 2017 introduced Opportunity Zones to foster economic development in underserved communities while offering significant tax incentives to investo
Understanding the Estate and Gift Tax Changes Under the One Big Beautiful Bill Act
The One Big Beautiful Bill Act (OBBBA) recently introduced substantial changes in the realm of estate and gift tax planning. These changes present new opportunities for taxpayers.
Occupations Qualified for Tip Deduction Released
On September 2, 2025, the Treasury Department released a draft list of 68 occupations eligible for the new “no tax on tips” deduction. This deduction is part of the 
From Kindergarten to College: How to Unlock the Full Potential of 529 Plans
Section 529 plans are tax-advantaged savings plans designed to encourage saving for future education costs. They are legally known as “qualified tuition plans” and are
100% Bonus Depreciation Is Back: What Businesses Need to Know About the OBBBA’s New Expensing Rules
The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth. The 2017 Tax Cuts and Jobs Act (TCJA) had already
Unlocking Overtime Savings: How the OBBBA’s New Deduction Could Boost Your Tax Refund
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 burde