Taxes

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Latest Taxes News

Tax Filing Season Statistics Suggests Taxpayers Are Still Waiting To File

IRS data from the fourth week of the tax filing season—the week ending February 21, 2025—continues to suggest that taxpayers…

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How To Forecast Growth In The Age Of Uncertainty

It only takes a quick scan of any cable news network to realize that we have entered a whole new…

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Treasury Declares New Ownership Reporting Law Will Apply Only To Foreign Companies

U.S. businesses no longer have to comply with the beneficial ownership information (BOI) reporting filing requirements of the Corporate Transparency…

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Choosing The Right 401k For Your Small Business

Selecting a 401k plan for your LLC or S Corporation can significantly impact your employees' retirement savings and your company's…

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After Legal Settlement Payment, You May Receive Two IRS Forms 1099

If you received a lawsuit settlement in 2024, you probably received an IRS Form 1099 from the defendant in early…

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IRS Taxpayer Data Is Tightly Restricted By Law. Will This Stop Trump, Musk And DOGE From Gaining Access?

Earlier this month, Elon Musk's Department of Government Efficiency (DOGE) raised eyebrows when it requested access to sensitive taxpayer data…

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Government Appeals Decision Blocking Business Ownership Reports, But Hints At Coming Policy Change

Earlier this year, the Supreme Court granted the government's application for a stay of a Texas ruling in the Fifth…

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Trump Signs Dozens Of Executive Orders, Including One That Could Slow Your Refund

President Donald Trump signed dozens of executive actions on his first day in office, including some that could impact your…

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IRS Audit Period Is 3 Years, 6 Years, Or More. Here’s How To Tell

Tax returns are annual, and getting them filed also means starting the clock ticking for how long the IRS has…

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IRS Commissioner Danny Werfel Announces Departure

IRS Commissioner Danny Werfel has announced that he is leaving the agency on January 20, 2025. The timing is something…

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