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The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement.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. ...
What Businesses Need to Know About the New Depreciation Rules
The "One Big Beautiful Bill Act" (OBBBA) includes several favorable changes for small business taxpayers. Among the most impactful are expanded and ...
IRS Changes Let You Keep Cash in Your 401(k) Longer
The IRS recently published new regulations for taxpayers subject to the "10-year rule" for required minimum distributions (RMDs) from inherited IRAs ...
Section 174 Update: Immediate Research Expensing Is Back
Updated October 8, 2026. This article was originally published in August 2024 and has been revised to reflect the One Big Beautiful Bill Act. For ...
IRS Provides Transitional Relief for RMDs and Inherited IRAs
The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking ...
What’s in the Fiscal Responsibility Act?
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). ...
The IRS Clarifies What Counts as Qualified Medical Expenses
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs).