Missing a W-2 or 1099 this tax season? If your Form W-2 or Forms 1099 aren’t available by the Feb. 2, 2026, deadline for most of these forms, or if the information is incorrect,...
If you owe federal tax, you can generally pay the debt using a credit or debit card or through certain third-party apps. However, there are restrictions. The number of payments you can make when...
Are you eligible for the Earned Income Tax Credit (EITC)? Each year, roughly 1 in 5 eligible taxpayers don’t claim this credit. To raise awareness, the IRS has launched the annual EITC Awareness campaign....
As you’ve probably heard by now, the One Big Beautiful Bill Act introduced a deduction for qualified overtime compensation for 2025 through 2028. The deduction can be as much as $12,500 ($25,000 for married...
Your marital status affects many federal tax filing variables, including your standard deduction, credit eligibility and tax owed. If you’re currently “informally” separated from your spouse but still legally married, the IRS generally considers...
The IRS has proposed updates to its regulations governing when third-party settlement organizations (TPSOs)—such as PayPal, eBay, and Venmo—must apply backup withholding. These changes are intended to align the regulations with amendments made under...
Small businesses don’t always have the human or financial resources to devote to tax recordkeeping. Nevertheless, owners and independent contractors need to ensure their recordkeeping will enable them to substantiate their income and deductions...
To help you make sure you don’t miss any important 2026 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us...
The Affordable Care Act’s enhanced premium tax credits (PTCs) have now expired. The IRS recently updated its FAQs on PTCs. In a nutshell, a taxpayer can elect to have the federal government pay an...
The Affordable Care Act’s enhanced premium tax credits (PTCs) have now expired. The IRS recently updated its FAQs on PTCs. In a nutshell, a taxpayer can elect to have the federal government pay an...