Personal Taxes Archives - Page 9 of 105

Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill
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Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill

Corporate Taxes, IRS, Payroll, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Law Changes, Tax Relief, Tax Tips, Taxes

Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill

This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have issued guidance providing penalty relief to employers and other payors for tax year 2025 regarding new information reporting requirements for cash tips and qualified overtime compensation under the One, Big, Beautiful Bill. Transition penalty relief for tax year [...]

cozbycpa2025-11-12T07:55:22-05:00November 12th, 2025|Categories: Corporate Taxes, IRS, Payroll, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Law Changes, Tax Relief, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, new reporting requirements under the One Big Beautiful Bill, no tax on overtime, no tax on tips, One Big Beautiful Bill provisions, Plymouth MA accountant, transition penalty relief for tax year 2025|

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 [...]

One, Big, Beautiful Bill Act: Tax Deductions for Working Americans and Seniors
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One, Big, Beautiful Bill Act: Tax Deductions for Working Americans and Seniors

Interest, IRS, Personal Finance, Personal Taxes, Tax Deductions, Tax Tips, Taxes

One, Big, Beautiful Bill Act: Tax Deductions for Working Americans and Seniors

This article was published by the IRS. Below are descriptions of new provisions from the One, Big, Beautiful Bill Act, signed into law on July 4, 2025, as Public Law 119-21, that go into effect for 2025. “No Tax on Tips” New deduction: Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips [...]

cozbycpa2025-10-15T09:53:50-04:00October 15th, 2025|Categories: Interest, IRS, Personal Finance, Personal Taxes, Tax Deductions, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, One Big Beautiful Bill Act, Plymouth MA accountant, tax deductions for working Americans and seniors, who is eligible for no tax on car loan interest, who is eligible for no tax on overtime, who is eligible for no tax on tips, who is eligible for the new senior deduction|