The IRS is highlighting several resources available to help taxpayers who missed the April 15, 2025, federal income tax return filing deadline and owe taxes, interest and penalties. The tax agency recommends that taxpayers...

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The second quarter estimated tax payment deadline is rapidly approaching. If you make quarterly payments, you have until June 16 to pay and avoid possible underpayment penalties. If you don’t currently make estimated payments,...

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While Congress continues to debate The One, Big, Beautiful Bill, one provision has gotten little attention. Generally, taxpayers who sell goods and services will receive a Form 1099-K (Payment Card and Third Party Network...

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The corporate alternative minimum tax (CAMT) currently imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of applicable large corporations. CAMT generally applies to large corporations with average annual financial statement...

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Summer is in sight, and the April tax season is in the rearview mirror. But a few simple tax planning steps during the year can take the headache out of filing your next tax...

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What’s the difference between a fraudulent tax return and one that’s “potentially abusive”? The IRS states that the latter is a return that a taxpayer is required to file, which isn’t fraudulent but may...

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Email scam alert! An ID.me account is a secure digital identity verification service used to confirm an individual’s identity online. It’s widely used by government agencies (including the IRS and Social Security Administration), as...

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Increased tariffs on international goods may have an unexpected consequence: new fraud schemes targeting consumers. Confusion about how tariffs work and how they might increase prices can make many consumers easy fraud targets. Be...

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Summer is around the corner and you may be planning a picnic or other outing for your employees. When doing so, keep tax deductions in mind. Most entertainment expenses currently aren’t deductible, but you...

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After a second vote, the budget reconciliation bill, dubbed “The One, Big, Beautiful Bill,” cleared the House Budget Committee. The House Rules Committee will now establish the rules governing the debate and vote on...

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