recent blog posts

An IRS levy is serious. It means the IRS may take money or property to collect unpaid taxes. That can include money in a bank account, part of your wages, or other property you own. But a levy does not…

The IRS changed an important part of its penalty-relief process in 2026. A new program called Automatic Exemption from Penalty, or AEP, is replacing the long-standing First Time Abate process for eligible tax periods. The main difference is simple: eligible…

The IRS recently flagged certain trust-based transactions for closer tax reporting attention. Specifically, the Treasury Department and IRS issued final regulations identifying certain arrangements that claim to be Charitable Remainder Annuity Trusts, or CRATs, as listed transactions. This does not…

Starting in tax year 2027, some taxpayers will be able to claim a new federal tax credit for donating to scholarship programs. The IRS has already published details on this credit called the Federal Scholarship Tax Credit (FSTC) and a…

As Tax Season 2026 unfolds, many taxpayers and business owners are asking the same question: where is the IRS focusing its enforcement attention now? The short answer is that the IRS is not approaching enforcement randomly. Its public statements, strategic…

The Tax Season 2026 has brought renewed attention to tax compliance in the United States. While most taxpayers file accurate returns every year, the IRS continues to strengthen its enforcement programs. As a result, the likelihood of facing a Tax…

As Tax Season 2026 approaches, the Internal Revenue Service (IRS) has intensified its focus on reviewing Employee Retention Credit (ERC) claims. Over the past several years, the ERC program has helped thousands of businesses recover from the economic impact of…

What Is Form 1099‑K? Form 1099‑K is issued by payment processors (PayPal, Venmo, Cash App, eBay, Etsy, etc.) to report transactions for goods and services. It helps the IRS track income from online platforms and gig work. The Big Change…

Small businesses entering Tax Season 2026 are facing a harsh reality. Whether it’s natural disasters, system failures, or banking delays, payroll tax obligations remain legally binding and compliance doesn’t pause during disruption. When deposits are late, penalties escalate quickly. However,…

Taxpayers think of a Certified Public Accountant (CPA) as someone sitting at a desk, punching numbers into tax software, and filing forms with the IRS. However, in reality, a professional CPA is far more than a form filler. The professional…

As Tax Season 2026 begins, many taxpayers may get more time to file due to disaster-related tax relief. When natural disasters strike, the IRS often extends tax filing and payment deadlines for people and businesses in affected areas. Knowing whether…

The 2025 tax law (the “One, Big, Beautiful Bill” or OBBBA) introduced sweeping changes to deductions, credits, and business expensing. While many taxpayers legitimately benefit from larger deductions and updated thresholds, the new rules also create fresh IRS audit risks….

The 2025 federal tax changes (commonly called the “One, Big, Beautiful Bill” or OBBBA) brought sweeping modifications to deductions, credits, and business expensing. While these changes were enacted at the federal level, states decide independently whether — and how —…

The 2025 U.S. tax year, a.k.a. Tax Season 2026, brings significant and wide-ranging changes that affect individuals, businesses, and multi-state taxpayers. This guide compiles the most important federal updates, highlights areas where states may differ, and provides direct links to…

As the 2025 tax season begins, tax scams are occurring more frequently, posing risks to taxpayers and making it crucial to stay informed about potential fraud schemes. Fraudsters continuously exploit taxpayers’ lack of tax knowledge, stress, and urgency to steal…

California is known for its frequent and severe wildfires, particularly in the summer and fall. These fires can have a devasting impact on communities, ecosystems, and the economy. In January 2025, Southern California was hit by a series of devasting…

As the Tax Season 2025 begins, tax refund also becomes a commonly used term while filing the taxes with the IRS. A tax refund is the money that the IRS returns to the taxpayers if they’ve overpaid the taxes. Filing…

What is the Energy Efficient Home Improvement Credit? The Energy Efficient Home Improvement Credit is a tax incentive for homeowners who make qualified energy-efficient improvements to their homes. This credit allows taxpayers to claim up to 30% of certain qualified…

Tax disputes between the IRS and taxpayers often arise due to discrepancies in tax filings, misinterpretation of tax laws, or IRS audits. When a taxpayer undergoes a tax audit, they might contest the IRS’s evaluation, which can necessitate the use…

Introduced in 1975, the Earned Income Tax Credit (EITC) is celebrating its 50th anniversary in this 2025 tax season. EITC provides financial relief to millions of working families and individuals with low to moderate incomes. In the previous Tax Season,…