It's that time of year again where we should consider meeting to discuss any year-end strategies that might reduce your 2025 taxes. For a short time this past summer, tax news became national news when the President signed the One Big Beautiful Bill Act (OBBBA). The OBBBA is a budget bill that makes the 2017 tax [...]
This article was published by the IRS. The Internal Revenue Service is alerting taxpayers about a growing number of fraudulent tax schemes circulating on social media that promote the misuse of credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. These scams have led thousands of taxpayers to file inaccurate or [...]
This article was published by the IRS. Taxpayers should be aware of gift card scams year-round, but be especially cautious during this time of year when requests for gift cards are common. They may also use a compromised email account to send emails requesting gift card purchases for friends, family or co-workers. Since 2019, phishing@irs.gov has [...]
Click here or on the image below to watch a video clarifying tax-free tips for service workers. In many service jobs, tips are a big part of the paycheck. For 2025, the IRS has new rules that may let some workers deduct a portion of those tips, up to $25,000. It’s worth checking your records and [...]
This article was published by the IRS. The Internal Revenue Service encourages taxpayers to take steps now to prepare for the upcoming filing season by visiting IRS.gov/GetReady for tips on what is new and what to consider before filing. This is the first in a series of special IRS "Get Ready" reminders to help taxpayers prepare [...]
