IRS Electronic Payments: What Changed and What Is Next
Executive Order 14247, Modernizing Payments To and From America's Bank Account, signed March 25, 2025, set the federal government on a path away from ...
Employer Requirements Under OBBBA
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces new federal income tax deductions for eligible employee overtime ...
Breaking Down The Basics: Form 990 FAQs
Form 990 is more than just a tax form; it’s a vital tool for nonprofit transparency and credibility. Whether you’re a new board member or an ...
Educators Can Deduct Costs With Expanded Benefits On The Horizon
With a new school year beginning, not only are parents buying new school supplies, but teachers are as well. As teachers prepare their classrooms, ...
IRS Shifts to All-Electronic Payments: What to Know
The IRS, U.S. Treasury, and Social Security Administration have announced a significant change in how federal payments are made. Beginning September ...
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IRS Mid-Year Mailing Address Change: What Taxpayers Need to Know
The IRS has announced a mid-year change to the mailing addresses for certain tax payments, including Form 1040-V (Payment Voucher) and Form 1040-ES ...
Alternative Minimum Tax: What You Still Need to Know
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The ...
New Law Changes Business Payment Reporting
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments made in 2026, the new law ...
How SALT Deduction Changes Affect Your Tax Planning
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily. ...