Business Reporting Burden Eased As a result of a provision in the One Big Beautiful Bill Act, an administrative reporting burden for businesses has been eased. For 2025 and prior years, businesses had to issue ...
Category Archive: Tax
If you’d like to benefit your favorite charities while creating an income stream for yourself or a loved one, consider incorporating a charitable remainder trust (CRT) into your estate plan. It can reduce the size ...
For manufacturers planning to build new facilities or expand their existing plants, last year’s One Big Beautiful Bill Act (OBBBA) introduced a powerful new tax incentive. Over the next several years, manufacturers may immediately expense ...
In theory, when you sell stocks or mutual fund shares, calculating your gain or loss for tax purposes is simple: It’s the difference between the sale price and your cost basis. In practice, however, it ...
Cash and noncash donation deductions in 2026 The new year brings changes that affect how taxpayers think about charitable contributions of all kinds. You may have heard that the One Big Beautiful Bill Act allows ...
What could happen if you don’t file your taxes? If you’re required to file a tax return but don’t, the IRS might step in and file one for you. That’s rarely in your favor. This ...
As the end of the year approaches, many people begin thinking about philanthropy. While planning your charitable giving, be sure to consider the potential impact of the One Big Beautiful Bill Act (OBBBA), signed into ...
Will you be able to benefit from the One Big, Beautiful Bill Act (OBBBA), signed into law earlier this year? The law makes many tax provisions, which were scheduled to expire at year end, permanent ...
What could happen if you don’t file your taxes? If you’re required to file a tax return but don’t, the IRS might step in and file one for you. That’s rarely in your favor. This ...
The One Big Beautiful Bill Act (OBBBA), which was enacted on July 4, 2025, is filled with favorable tax provisions for businesses. It makes permanent or extends many tax breaks that had already expired or ...
If you own a business or are in the process of starting one, it’s essential to maintain accurate records of your income and expenses. This not only ensures you’re capturing every tax deduction you’re entitled ...
Signed into law on July 4, 2025, the One Big Beautiful Bill is the most substantial federal tax overhaul since the 2017 Tax Cuts and Jobs Act. At over 870 pages, this sweeping legislation reshapes ...