Jun 2, 2026 | Personal Financial Planning, Tax News
IRS Extends Time for ERC Claim Reviews The Internal Revenue Service announced a new, streamlined process for taxpayers. This process extends the time to review Employee Retention Credit (ERC) claim disputes. It helps taxpayers avoid refund litigation. Understanding...
May 21, 2026 | Business Planning, Personal Financial Planning
Phishing remains a major threat. In the second half of 2024, email-based phishing attacks surged by 202%. Alarmingly, most of these attacks used link-based tactics, and 80% of the malicious links were categorized as zero‑day threats, meaning they exploited computer...
May 19, 2026 | Personal Financial Planning, Tax News
Originally created to protect the residents in Augusta, Georgia, who rented out their homes to attendees of the annual Masters Tournament, the Augusta Rule dates back to the 1970s. At that time, residents were interested in avoiding tax complications while renting...
May 14, 2026 | Personal Financial Planning, Tax News
In general, explains the IRS, contributions to charitable organizations may be deducted up to 50 percent of adjusted gross income. Contributions to certain private foundations, veterans organizations, fraternal societies, and cemetery organizations are limited to 30...
May 7, 2026 | Personal Financial Planning
Trump Accounts are a new type of individual savings accounts for eligible children who are under age 18 at the end of the calendar year when the election is made. A one-time $1,000 pilot program contribution from the federal government into a Trump Account will be...
May 5, 2026 | Closely Held Business, Featured News and Events, Personal Financial Planning, Tax News
As reported by Accounting Today, many accounting firms are starting to see an increase in scams involving the CP53E notices that the Internal Revenue Service has been sending to taxpayers this year when they do not provide their direct deposit information. The notices...
