Q&A Summary – 2025 Year-End Tax Update
Tax Newsletter – December 2025 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 […]
2025 Fall Tax Update Q&A Summary
Fall Seminar Q&A — Parts with Quick FAQs 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 […]
Tax Newsletter – November 2025
TaxFlash – November 2025 (Vol. 8, Iss. 11) 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 […]
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 – May 2025
X LinkedIn Facebook Email Print Tax Newsletter – May 2025 In this Issue: Issue 1: IRS Marks 70th Anniversary of April 15 Tax Filing Deadline Issue 2: Extending the Trump Tax Cuts – Ways and Means Committee Issue 3: Reminder to U.S. Taxpayers Abroad – File tax return by June 16 Issue 4: Trump […]
Tax Newsletter – April 2025
Tax Newsletter – April 2025 In this Issue: UPDATE: Meet JoJo ➡️ the NEW Basics AI Agent Issue 1: FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies Issue 2: DOGE Issues Issue 3: Social Security Administration Resumes Treasury Offset Program Collections After COVID-19 Suspension Issue […]
Tax Newsletter – December 2024
Tax Newsletter: December 2024 1040 Shutdown begins November 30, 2024 In this Issue: Proc. 2024-40 Inflationary Adjustments for 2025 – Issues 1-34 Notice 2024-80 – 2025 Amounts Relating to Retirement Plans and IRAs, as Adjusted for Changes in Cost-of-Living Disclosure Issues When Sharing Partner Information with Partnership IRS to Use IP PINs to Stop Refund […]
Tax Blast Newsletter – November 2024
Stay informed with the November 2024 Tax Newsletter In this Issue: Social Security Announces 5 % Benefit Increase for 2025 IRS Invites Public Feedback on Draft Form 7217 Partner’s Report of Property Distributed by a Partnership IRS Direct File Set to Expand Availability in a Dozen New States and Cover Wider Range of Tax […]
Tax Blast Newsletter – September 2024
In this Issue: Voluntary Disclosure Program Reopens to Help Businesses with Incorrect ERC Claims New IRS, Treasury Guidance Focuses on “Basis Shifting” Transactions Used by Partnerships Mediation Can Help Taxpayers Settle Tax Issues Retirement Plan Distributions: IRS Provides Guidance on Certain Exceptions from 10% Additional Tax for Emergency Personal or Family Expenses and for Survivors […]
Tax Blast Newsletter – August 2024
Stay informed with the August 2024 Tax Newsletter: Special Edition – Energy Credits Energy Credits have been around for a long time – but changes at the whim of Congress. The newsletter will discuss a bit of history so we understand how we arrive at the current energy policy and then will delve into the […]