The IRS reports that misleading social media posts and self-proclaimed “tax experts” have caused widespread confusion, resulting in over $162 million in penalties and more than 32,000 enforcement actions.
https://www.fastforwardaccounting.net/wp-content/uploads/2025/09/shutterstock_207726427-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2025-09-15 19:28:472025-09-15 19:28:47IRS Issues Urgent Warning About Social Media Tax Scams
According to the White House, the new ‘No Tax On Tips’ provision could save eligible workers around $1,300 per year. However, the value of the tax break may be limited depending on income, tip levels, and the nature of the job — particularly for those in roles not commonly associated with receiving tips.
https://www.fastforwardaccounting.net/wp-content/uploads/2025/09/shutterstock_2584514491-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2025-09-08 20:42:542025-09-08 20:42:54Workers In 68 Jobs May Soon Be Exempt from Paying Taxes On Tips — Including Some Unexpected Ones
https://www.fastforwardaccounting.net/wp-content/uploads/2025/08/shutterstock_2562370411-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2025-09-01 21:18:132025-09-01 21:18:13Important IRS Update To The $7,500 EV Tax Credit Deadline
The key provisions of the One Big Beautiful Bill Act could affect your tax planning strategy. While a few changes may increase tax liability for some, the overall impact is likely positive for many businesses.
https://www.fastforwardaccounting.net/wp-content/uploads/2025/08/shutterstock_338563583-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2025-08-25 18:31:132025-08-25 18:48:42One Big Beautiful Bill Extends Many Business-Friendly Tax Provisions
Starting in 2026, thanks to a provision buried in the recently passed One Big Beautiful Bill Act, the amount of gambling losses you can deduct caps at 90%, down from the previous 100%. That means you could be taxed on income you never actually profited from — what critics are calling a “phantom tax.”
https://www.fastforwardaccounting.net/wp-content/uploads/2025/08/shutterstock_4075067382.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2025-08-18 20:01:452025-08-18 20:01:45New Gambling ‘Phantom Taxes’ Start In 2026 – What This Means For Your Winnings And Tax Burden
IRS Issues Urgent Warning About Social Media Tax Scams
The IRS reports that misleading social media posts and self-proclaimed “tax experts” have caused widespread confusion, resulting in over $162 million in penalties and more than 32,000 enforcement actions.
Workers In 68 Jobs May Soon Be Exempt from Paying Taxes On Tips — Including Some Unexpected Ones
According to the White House, the new ‘No Tax On Tips’ provision could save eligible workers around $1,300 per year. However, the value of the tax break may be limited depending on income, tip levels, and the nature of the job — particularly for those in roles not commonly associated with receiving tips.
Important IRS Update To The $7,500 EV Tax Credit Deadline
This adjustment will significantly ease pressure on buyers, manufacturers, and dealers by allowing more time for vehicle deliveries.
One Big Beautiful Bill Extends Many Business-Friendly Tax Provisions
The key provisions of the One Big Beautiful Bill Act could affect your tax planning strategy. While a few changes may increase tax liability for some, the overall impact is likely positive for many businesses.
New Gambling ‘Phantom Taxes’ Start In 2026 – What This Means For Your Winnings And Tax Burden
Starting in 2026, thanks to a provision buried in the recently passed One Big Beautiful Bill Act, the amount of gambling losses you can deduct caps at 90%, down from the previous 100%. That means you could be taxed on income you never actually profited from — what critics are calling a “phantom tax.”