Recent Posts
Four Popular Tax Credits Could Soon Carry A New Refund RequirementAugust 24, 2026 - 7:11 pmThe Treasury Department and IRS have proposed an eligibility test affecting four widely used individual tax credits. The change would apply only when a credit produces money beyond the taxpayer’s federal income tax liability—and one filing detail could determine whether that additional amount is paid.
Moving Retirement Money Could Soon Get Easier Under New IRS GuidanceAugust 17, 2026 - 5:36 pmThe IRS is proposing a more standardized way to move retirement savings between employer-sponsored plans and IRAs, potentially reducing paperwork and uncertainty for workers changing jobs or consolidating accounts. But one important element of the new rollover process could make a meaningful difference for plan participants and administrators.
Expanded Paid-Leave Tax Credit Gives Employers More Ways To QualifyAugust 10, 2026 - 6:07 pmNew IRS guidance explains how businesses can benefit from the permanently expanded federal tax credit for paid family and medical leave, including broader employee eligibility and a new insurance-premium option.
IRS Introduces Automatic Penalty Relief For Taxpayers With Strong Filing HistoriesAugust 3, 2026 - 5:12 pmA new IRS program will automatically prevent certain filing and payment penalties for taxpayers with a record of meeting their obligations—eliminating the need to request relief in many cases.
IRS Eyes Charitable Donation Abuse In New Audits, Tax Pros SayJuly 27, 2026 - 9:03 pmThe IRS is increasing audits of non-cash charitable donations, with tax professionals reporting greater scrutiny of asset valuations, appraisal requirements and technical filing rules as the agency broadens enforcement beyond conservation easements.
Nine Reasons The IRS Could Take Your Tax RefundJuly 20, 2026 - 6:56 pmA tax refund isn’t always guaranteed to reach your bank account. Here’s a list of reasons why the IRS may legally withhold or offset your refund—and what you can do if it happens.
Your First Required IRA Withdrawal At 73 Can Push You Past The IRMAA Cliff For A Full YearJuly 13, 2026 - 6:02 pmTurning 73 brings an important retirement decision: when to take your first required minimum distribution (RMD). Waiting until April 1 of the following year may seem convenient, but it can result in two RMDs landing in the same tax year, potentially increasing your income and triggering higher Medicare premiums through IRMAA.
Trump Account vs 529: Which Is More Beneficial For Children?July 6, 2026 - 6:41 pmWhile the new newborn investment program known as Trump Accounts provides another savings option, financial experts caution it should not be viewed as a replacement for a 529 college savings plan designed to help save for education. Experts say the two accounts can complement each other rather than compete.
Everything You Need To Know About When To File Your 2021 Tax Return With The IRS
For many, returns will be more complex because of job or residency changes, stimulus payments, child tax credits, unemployment insurance claims or other COVID-driven factors. This year, however, the IRS is getting closer to its typical due date. For what you need to know about filing your 2021 tax return, CLICK ON THE HEADLINE
Advance Child Tax Credit Payments Are Done, But You Might Still Be Owed More: Here’s How To Find Out
With no deal to extend these temporary advance tax credit payments into 2022, American parents have likely received their last monthly Child Tax Credit payment. But there still may be money to claim this tax season. For everything you need to know about reporting your advance payments and how to claim the rest of the Child Tax Credit, CLICK ON THE HEADLINE
Three Changes For The 2022 Tax Season
The IRS has yet to announce an official start date to the 2022 tax season, but it typically begins accepting tax returns by the end of January. For what you need to know and how you can prepare for the changes, CLICK ON THE HEADLINE.