Home Blogs Category: Tax News

Category: Tax News

Get up to date on all tax news from the IRS. The IRS is constantly updating us with law changes and new rules. Sometimes, it’s too much to keep up with. We’ll decipher the confusing lingo while you focus on staying current  on what’s really important.

If you have more questions about staying up to date with the IRS, leave a comment. Our tax team is ready to help!

Filter by Category:
investment gains

Why Pay More to Use Tax Professional Service?

In recent complex financial landscape, many taxpayers find themselves at a crossroads when tax season approaches: should they tackle their tax returns independently or enlist the expertise of a tax professional? While the do-it-yourself approach may seem cost-effective at first glance, there are compelling reasons why investing in professional tax services can ultimately provide greater […]

Read More
Tax Cuts and Jobs Act

Upcoming 2026 Tax Changes from the Tax Cuts and Jobs Act Expiration

2026 Tax Changes on Tax Cuts and Jobs Act (TCJA) provisions for individuals and Businesses will be significant

Read More
ira basis

Maximizing and Tracking Your IRA Basis

Roth IRA basis offer varying tax implications for IRA contributions, ranging from full tax deduction to partial or no tax deduction

Read More
Wildfire Extended Tax Deadline

States with Extended Tax Deadline with Federal Tax Filing Extension on May 1, 2025?

severe flooding and landslides resulting from natural disasters, the IRS has taken the initiative on extended tax deadline

Read More
IRS Direct File

Plans to Discontinue IRS DirectFile Tax Program

Trump administration plans to discontinue the IRS DirectFile Tax Program, which offers free tax filing services. 

Read More
prior year W2

How Can You Get a Copy of Past Year W-2 Tax Forms?

Form W-2, Wage, and Tax Statement, is a crucial document that reports an employee’s annual wages and the amount of taxes withheld from their paychecks. It is essential for filing income tax returns. Over time, individuals may lose or misplace their past year W-2 tax forms prior years. Understanding how to obtain these past-year copies […]

Read More
tax audits

Preventing Responding to IRS Tax Audit

Preventing a tax audit and knowing how to respond if you are selected for one are crucial aspects of responsible tax planning. While the Internal Revenue Service (IRS) uses sophisticated methods to select returns for audit, understanding common triggers and maintaining meticulous records can significantly reduce risk. Should an audit occur, a calm, organized, and […]

Read More
tax tips for graduates

The Tipping Point: Everything about the “No Tax on Tips” Policy Proposal

potential tax on tips exemption represent a major shift in how the IRS treats tip income and reshape the economics of service nationwide

Read More
1099-K

IRS Sets $2,500 threshold for 1099-K in 2025

New guidelines setting $5,000 reporting threshold for 2024 payments processed via third-party payment networks in Tax Form 1099-K in 2025

Read More
IRS Direct File

Everything you Need to Know about Direct File in 2025

States Not Currently Supporting Tax Direct File in 2025 and states are participating in Direct File in 2025

Read More

Don’t Miss Any Updates

Sign up with your email to receive latest updates.