The IRS has issued the first in a series of special “Get Ready” reminders to help taxpayers prepare for the upcoming 2025 tax filing season. It’s important to begin prepping now because the One...

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The IRS has issued guidance for taxpayers wanting to claim new deductions for qualified tip income and qualified overtime compensation for 2025. The guidance details alternative calculation methods for the deductions because 2025 information...

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The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new opportunities for businesses...

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Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which...

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The One Big Beautiful Bill Act made 100% bonus depreciation permanent for businesses that purchase and place into service qualified new or used property after Jan. 19, 2025. However, for 2025 only, you can...

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Did your nonprofit organization opt last May for an automatic six-month extension for filing Form 990, Return of Organization Exempt from Income Tax? If so, your 2024 information return (Form 990, Form 990-EZ or...

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