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 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 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 23, 2026 | Business Planning, Tax News
If you travel a few times a year — or even more often — for work, flights, hotels, and client dinners can add up quickly. The good news is that you can deduct many of these costs if the trip qualifies as a business expense. When you understand what counts and what...
