Watch this IRS webinar to learn more about what a Trump Account is and who is eligible for it as a provision under the Working Families Tax Cuts. A Trump account is a new type of individual retirement account that gives children an early financial foundation and encourages long-term savings and financial awareness. This video: describes [...]
This article was published by the IRS. It’s halfway through the year, which is a great time for taxpayers to do a quick check to make sure they’re on a smooth track to next filing season. Here are some tips: Keep good tax records. Taxpayers should keep all important tax records in one place. They can [...]
The Employer Identification Number, or EIN, serves as a tax ID number for businesses and organizations. Here are a few tips for small businesses, trusts, estates, and charities about the EIN: Only the IRS can issue an EIN, and it's a free service. You can visit IRS.gov/EIN, answer a few questions, and get your EIN immediately [...]
This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have issued Notice 2026-11 that provides taxpayers with guidance on the permanent 100% additional first year depreciation deduction for eligible depreciable property acquired after Jan. 19, 2025, provided by the One, Big, Beautiful Bill. The notice also provides guidance [...]
Corporations are treated by the law as legal entities. That means the corporation has a life separate from its owners, and has rights and duties of its own. The owners of a corporation are known as stockholders, or shareholders. A corporation can have one or many shareholders. Corporations are typically managed by directors or officers, who [...]
