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...
Apr 28, 2026 | Personal Financial Planning, Tax News
Designed to ensure fair treatment, transparent communication and legal protections, the IRS’ Taxpayer Bill of Rights outlines 10 key principles, ranging from the right to be informed to the right to appeal an IRS decision in an independent forum. Furthermore,...
Apr 14, 2026 | Personal Financial Planning
According to a recent Bankrate Emergency Savings Report, slightly less than half of all American adults have saved enough to cover three months of expenses in case of an emergency. Financial experts tell us that the key to savings is not to make more money, but to...
Apr 9, 2026 | Business Planning, Personal Financial Planning, Tax News
Owing money to the IRS is often a major source of stress—especially if you don’t see a realistic way to pay off what you owe. Fortunately, the IRS provides several relief options for both individuals and businesses who are struggling to meet their tax obligations....
