Compliance Archives - Cozby & Company

Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill
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Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill

Bookkeeping, Compliance, Corporate Taxes, Debt, Interest, IRS, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes

Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill

This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill. Notice 2025-57 provides penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in [...]

cozbycpa2025-11-05T10:59:33-05:00November 5th, 2025|Categories: Bookkeeping, Compliance, Corporate Taxes, Debt, Interest, IRS, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, how are businesses required to report car loan interest under the One Big Beautiful Bill, no tax on car loan interest, One Big Beautiful Bill provisions, Plymouth MA tax accountant|

A Change in Marital Status Affects Tax Filing
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A Change in Marital Status Affects Tax Filing

Compliance, IRS, Personal Finance, Personal Taxes, Tax Tips, Taxes

A Change in Marital Status Affects Tax Filing

This article was published by the IRS. A change in a couple’s marital status, such as a separation or divorce, affects their tax situation. The IRS considers a couple married, for tax filing purposes, until they get a final decree of divorce or separate maintenance. Update tax withholding When a taxpayer divorces or separates, a new [...]

cozbycpa2025-10-22T10:44:11-04:00October 22nd, 2025|Categories: Compliance, IRS, Personal Finance, Personal Taxes, Tax Tips, Taxes|Tags: are child support payments deductible by the payer, are child support payments taxable to the payee, are property transfers related to divorce reported on a gift tax return, Cozby & Company, CPA Heather Cozby, do payments apply to alimony or child support first, how to report property transfers due to a divorce, IRS Tax Withholding Estimator, Plymouth MA tax accountant, rules related to dependent children and support after divorce or separation, tax treatment of alimony and separate maintenance|

Tax Obligations of U.S. Individuals Living and Working Abroad
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Tax Obligations of U.S. Individuals Living and Working Abroad

Compliance, Government, IRS, IRS Video, Personal Taxes, Tax Credits, Tax Tips, Taxes, Videos, YouTube

Tax Obligations of U.S. Individuals Living and Working Abroad

This IRS webinar specifies the U.S. income tax obligations of U.S. citizens and residents abroad; lists the requirements for claiming the foreign earned income exclusion; and summarizes the U.S. employment tax obligations of U.S. citizens and residents abroad. This is a topic that can cause a lot of confusion among taxpayers, especially among those living or [...]

Disabled Child
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Disabled Child

Compliance, EITC, IRS, IRS Video, Personal Taxes, Tax Credits, Tax Tips, Taxes, Videos, YouTube

Disabled Child

Think you can claim the Earned Income Tax Credit for having a disabled child? You may need to think again. Tax law says you can only claim the EITC for a disabled child if s/he's disabled for more than 12 months. However, the caregiver of a disabled child may qualify for a smaller credit just for [...]

cozbycpa2025-06-30T08:14:26-04:00June 30th, 2025|Categories: Compliance, EITC, IRS, IRS Video, Personal Taxes, Tax Credits, Tax Tips, Taxes, Videos, YouTube|Tags: can you claim the EITC for supporting a disabled adult child, Cozby & Company, CPA Heather Cozby, Plymouth MA tax accountant, who qualifies for the earned income tax credit, who qualifies for the EITC|

Mediation Can Help Taxpayers Resolve Tax Issues
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Mediation Can Help Taxpayers Resolve Tax Issues

Compliance, IRS, Personal Taxes, Tax Relief, Tax Tips, Taxes

Mediation Can Help Taxpayers Resolve Tax Issues

This article was published by the IRS. Mediation – also known as alternative dispute resolution – can help taxpayers resolve tax issues early and efficiently. The process provides taxpayers a faster, more collaborative, and cost-effective approach to case resolution. The traditional appeal process is still available for taxpayers who choose it. Mediation might be right for [...]

cozbycpa2025-06-11T09:39:40-04:00June 11th, 2025|Categories: Compliance, IRS, Personal Taxes, Tax Relief, Tax Tips, Taxes|Tags: alternative dispute resolution, Cozby & Company, CPA Heather Cozby, how can mediation help taxpayers resolve a tax dispute, how can taxpayers resolve tax issues, IRS Independent Office of Appeals, Plymouth MA accountant, when can mediation help taxpayers resolve a tax dispute|