Jul 31, 2025 | Personal Financial Planning, Tax News
By the time you’re gathering your paperwork to send to your tax preparer, it’s probably too late to do much to change the outcome. You may owe the government a lot, a situation no one likes to be in. Or, you may get a lot back. That’s certainly more...
Jul 9, 2025 | Personal Financial Planning, Tax News
As reported by The Journal of Accountancy, The One Big Beautiful Bill Act, was signed into law on Friday, July 4 by President Donald Trump. The bill extends many of the expiring provisions from the Tax Cuts and Jobs Act (TCJA). It also addresses other tax priorities...
Jul 3, 2025 | Personal Financial Planning, Tax News
If you’ve been selected for an IRS audit, don’t panic — preparation is key. Start by carefully reviewing your tax return, either with the professional who prepared it or, if you prepared it yourself, with an experienced tax adviser. The goal is to identify...
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...
