Tax Newsletter – January 2026
Tax Newsletter – January 2026 (Volume 9, Issue 1) FAQs Q: When is the PTIN renewal deadline and what do I need to renew? A: December 31, 2025 – See Issue 8 Q: How does the new Login.gov sign-in process affect PTIN users? A: The technology provider conducts identity verification and credential management […]
Q&A Summary – 2025 Year-End Tax Update
Year-End Seminar Q&A Newsletter December 2025 Some YE FAQs Q: Will “No Tax on Overtime” show up in a new W-2 box? A: For now, expect overtime to still be included in regular W-2 wage boxes, so you may need paystubs / payroll detail to support the deduction calculation. Issue 1 Q: If […]
Tax Newsletter – December 2025
Tax Newsletter – December 2025 (Volume 8, Issue 12) Year-End Seminars begin 12/2/25 FAQs – What’s New Under OB3 No tax on tips and overtime deductions for TY2025–2028 and what records workers should keep. See Issue 5. Revised Form 1099-K thresholds and what still counts as taxable marketplace income. See Issue 8. Year-end […]
2025 Fall Tax Update Q&A Summary
<!doctype html> Back to Archives Overview 1. TCJA Updates & OBBBA Changes 2. Centralized Partnership Audit Regime 3. Required Minimum Distributions & Penalty Updates 4. Estates & Gift Tax Updates 5. Pass-Through Entity Taxes & 2025 Updates 6. Ethics 7. Online Account Setup Basics & Ask the Expert Uncategorized Fall Seminar Q&A (by […]
Tax Newsletter – November 2025
Tax Newsletter – November 2025 (Volume 8, Issue 11) Year-End Seminars begin 12/2/25 FAQs – What’s New Under OBBB Inflation adjustments for TY2026 (standard deduction, brackets, AMT, estate exclusion, credits). See Issue 2. Clean Vehicle Credits program wind-down milestones and dealer reporting reminders. See Issue 8. Car Loan Interest Deduction reporting relief and […]
Tax Newsletter – October 2025
Tax Newsletter – October 2025 In this Month’s Issue: Issue 1 – Tips Codes Released Early for 2026 Use Issue 2 – IRS Commissioner Discusses Filing Season Prediction Issue 3 – IRS Guidance on § 174 Research Costs Issue 4 – Treasury Announces Federal Government Will Phase Out Paper Checks on September 30th Issue […]
Tax Newsletter – September 2025
Tax Newsletter – September 2025 In this Month’s Issue: Issue 1 – IRS Commissioner on filing season outlook Issue 2 – No 2025 changes to info returns or withholding (OBBBA) Issue 3 – Direct File program in doubt Issue 4 – Commissioner Billy Long removed Issue 5 – Iowa adopts rules for preparers Issue […]
Tax Newsletter – August 2025
Tax Newsletter – August 2025 Join Us for the August 19 webinar for more info that has been issued on the One Big Beautiful Bill (OBBBA). The August 21 Quarterly Tax Update: Part 2 webinar will also provide additional guidance. Some information is in this newsletter, but we will expand on these topics later in […]
OBBBA Q&A Recap
One Big Beautiful Bill Webinar (7/10) – Q&A Recap Child Tax Credit Tips Overtime Trump Accounts Senior Deduction Child and Dependent Care Credit Capital Gain on Farmland Issue Teachers Deduction Research and Experimentation Expense Deduction Additional Standard Deduction Changes Guidance Issued on No Tax on Car Loan Interest Child Tax Credit To claim […]
OBBBA – What Tax Practitioners Should Know
What Tax Pros Should Know About the Big Beautiful Bill Congress has just enacted the One Big Beautiful Bill Act (“OBBBA”), a sweeping tax-and-spending package signed into law on July 4, 2025. Here’s a quick look at the top tax-related provisions that every practitioner should have on their radar: TCJA Permanently Extended: Solidifies individual tax […]