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3-5 min Articles That Inform, Are Insightful, and Easy to Understand

New 401(k) Cap for 2025 – IRA Stays Put at $7K
IRS

New 401(k) Cap for 2025 – IRA Stays Put at $7K

Advisors, it’s time to up the ante for your clients’ retirement plans! The IRS’s latest update on 2025 contribution limits, driven by a cost-of-living adjustment, brings fres...

Nov 04, 2024

2 Min Read

What’s New in the IRS 2025 Tax Adjustments?
IRS

What’s New in the IRS 2025 Tax Adjustments?

Dust off those spreadsheets—2025 is bringing new numbers to crunch! The IRS has just announced updates that will affect the way you file your returns in 2026, and it's all about ...

Oct 24, 2024

3 Min Read

Heads Up on Charity Scams from IRS This Season
IRS

Heads Up on Charity Scams from IRS This Season

In light of the devastation caused by Hurricanes Milton and Helene, along with other recent natural disasters, the IRS is urging everyone—especially those in the fields of financ...

Oct 21, 2024

2 Min Read

What Does the IRS 2024 Tax Forum Offer for Tax Professionals?
IRS

What Does the IRS 2024 Tax Forum Offer for Tax Professionals?

Staying updated is like unlocking a powerful toolkit for tax season—essential and empowering! With tax laws and IRS procedures continuously shifting, staying prepared isn’t jus...

Oct 18, 2024

3 Min Read

Latest IRS Tax Gap Report Reveals Where Billions Went Uncollected
IRS

Latest IRS Tax Gap Report Reveals Where Billions Went Uncollected

The latest IRS report for Tax Year 2022 reveals some eyebrow-raising numbers around the tax gap—the difference between what’s owed and what’s actually paid. Despite slight ga...

Oct 14, 2024

3 Min Read

IRS Doubles Down on Direct File for 2025 Expansion
IRS

IRS Doubles Down on Direct File for 2025 Expansion

Remember that Direct File program of the IRS? It’s expanding to cover even more states for the 2025 tax season! We’ve already talked about the benefits Direct File brings to pr...

Oct 08, 2024

5 Min Read

IRS Relief in the Wake of Hurricane Helene
IRS

IRS Relief in the Wake of Hurricane Helene

Just when you think you’ve seen it all, Hurricane Helene comes barreling through, leaving a trail of disruption across the Southeast. The IRS has stepped in with timely relief fo...

Oct 04, 2024

4 Min Read

IRS Announces Drought Relief, New Form 7217, and Corporate Mailbox Pilot
IRS

IRS Announces Drought Relief, New Form 7217, and Corporate Mailbox Pilot

When the IRS speaks, tax professionals listen. And why not? It’s always a mixed bag of reliefs, reforms, and revamped forms. This time, the IRS is back with not one but three big...

Oct 02, 2024

4 Min Read

IRS Opens Way to Set ERC Records Straight
IRS

IRS Opens Way to Set ERC Records Straight

Ever felt like you’re caught in a tax maze? Well, third-party payers dealing with the Employee Retention Credit (ERC) might just have found an exit, thanks to a fresh announcemen...

Oct 01, 2024

3 Min Read

IRS Recovers $1.3B from Wealthy Tax Evaders
IRS

IRS Recovers $1.3B from Wealthy Tax Evaders

The IRS is back in business, folks, and they’re not messing around. On September 6, 2024, the U.S. Department of the Treasury and the IRS announced at their Austin, Texas campus ...

Sep 10, 2024

2 Min Read

IRS Updates Research Expense Accounting Method
IRS

IRS Updates Research Expense Accounting Method

Wondering what the IRS has up its sleeve now? On August 29, the IRS issued Revenue Procedure 2024-34, modifying the rules under Section 446 of the tax code and Treasury Regulation ...

Sep 06, 2024

2 Min Read

Latest Updates on Crowdfunding Tax Regulations
IRS

Latest Updates on Crowdfunding Tax Regulations

The IRS recently released a fact sheet (FS-2024-28) addressing the tax implications of crowdfunding distributions—a hot topic for those guiding clients through this increasingly ...

Sep 03, 2024

2 Min Read

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