FEATURED ARTICLES & TAX TIP BLOG

From the Journal of Accountancy/AICPA & CIMA — By Martha Waggoner —  A bill to extend the deadline for an estimated 32 million small businesses to report their beneficial ownership information (BOI) as mandated by the Corporate Transparency Act (CTA) passed the...

From CBS News — By Angelica Leicht —  Tax season can be complicated, and for many people, the biggest concern on April 15 each year is not just how much they owe, but how long they have to pay. After all, millions of Americans find that they owe more on their...

From the IRS —   WASHINGTON — The Internal Revenue Service in a news release issued Monday, Feb. 3, reminded taxpayers that choosing the right tax professional is essential to helping them avoid tax-related identity theft and financial harm. The release: While most...

From the IRS —   WASHINGTON — The Internal Revenue Service opened the 2025 tax filing season on Monday, Jan. 27, and is accepting and processing federal individual tax year 2024 returns. During Monday’s early morning opening, IRS systems have already received millions...

From Disability Scoop — By Michelle Diament —  Starting this month, individuals with disabilities can accrue more money than ever before in a special ABLE accounts that allows people to save without jeopardizing access to Medicaid and other government benefits....

From USA Today — By Daniel de Visé and Elisabeth Buchwald —    Tax Day is approaching, and soon it will be time to begin assembling forms. If you haven't looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm you. Some forms...

How changes in Social Security, Medicare, 401(k) contributions and more will affect your finances.   From AARP — By Andy Markowitz —    Retirement is not static. Even when the kids are gone and the career is done, your lifestyle and expectations are constantly...

For married couples filing jointly, the standard deduction rises to $30,000, an increase of $800 from tax year 2024. From the IRS —  WASHINGTON — The Internal Revenue Service recently announced the annual inflation adjustments for tax year 2025. Revenue Procedure...

If you receive work income through Venmo or a similar payment platform, new IRS regulations enforce reporting it.  From ZD Net — By Artie Beaty — Payment platforms like Venmo and CashApp have become the easiest way to send money to someone over the past few years, but...