Jun 12, 2025 | Personal Financial Planning, Tax News
The IRS is calling taxpayers’ attention to the ominously named Coalition of Scam and Scheme Threats: “[A] coalition representing the Internal Revenue Service, state tax agencies and the spectrum of the nation’s tax industry today announced a new... 
May 29, 2025 | Business Planning, Personal Financial Planning, Tax News
In Rev. Proc. 2025-19, released in May 2025, the IRS announced the following changes to Health Savings Accounts (HSA). HSA Inflation Adjusted Items. For calendar year 2026, the annual limitation on deductions for an individual with self-only coverage under a high... 
Apr 29, 2025 | Personal Financial Planning, Tax News
A tariff is a tax imposed on imported goods with the aim of protecting domestic industries and generating revenue. The importer pays the tariff to U.S. Customs and Border Protection, and often the cost is passed on — fully or partially — to consumers in the form of... 
Apr 15, 2025 | Personal Financial Planning, Tax News
When you seek guidance from a qualified financial expert, you’ll find that you’ll not only maximize tax planning and accounting, but also get put on a path to financial success. Your CPA will assess your financial situation and create a tailored financial... 
Apr 3, 2025 | Personal Financial Planning, Tax News
Estate and inheritance taxes are both types of taxes levied on the transfer of property at death, but they operate differently: An estate tax is levied on the estate of the deceased while an inheritance tax is levied on the heirs of the deceased. There is a federal... 
Mar 18, 2025 | Personal Financial Planning, Tax News
Revenue Ruling 2023-2, issued in March 2023, made a major change to how assets in irrevocable trusts are treated. The rule states those assets in an irrevocable trust that are not included in the grantor’s taxable estate cannot receive a step-up in basis. This... 