We have new information from the Financial Crimes Enforcement Network ("FinCEN") regarding the Corporate Transparency Act ("CTA") reporting deadlines. On December 13, 2024, the U.S. Department of Justice (DOJ) filed an emergency motion with the...

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Can you claim the American Opportunity Tax Credit (AOTC) or Lifetime Learning Credit (LLC) for tuition expenses? If eligible, you may secure a last-minute tax break for 2024 if you pay these expenses by...

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We recently sent you communications regarding the nationwide block of the Corporate Transparency Act ("CTA") by a Texas federal court. We're now learning new and timely information indicating that the CTA initial reporting deadline of...

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The IRS’s Direct File program, which was rolled out to taxpayers in 12 states during the 2024 tax season, enables eligible individuals to file returns with the IRS. In May 2024, the IRS announced...

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Businesses must act fast if they plan to take the valuable Sec. 179 expense deduction this year. In 2024, you can expense up to $1.22 million in qualified assets. The deduction begins to phase...

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Seriously delinquent tax debt (SDTD) could put your passport at risk (unless an exception applies). SDTD is a legally enforceable, unpaid federal tax assessment. In 2024, this debt must exceed $62,000, with a lien...

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Despite IRS warnings, many taxpayers continue to be duped by bad online tax advice. The tax agency and its Security Summit partners are renewing alerts about false social media claims “that promise to magically...

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Do you have an Identity Protection Personal Identification Number (IP PIN) from the IRS? More than 10.4 million taxpayers do. If you don’t have one, the IRS is encouraging you to add an extra...

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Taxpayers who plan to claim medical expense deductions on their 2024 tax returns have less than one month to fit in any eligible appointments and purchases. To qualify, you must itemize deductions and file...

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If you own stock that has appreciated over time, selling it could result in capital gains taxes. However, if you’re charitably inclined and itemize deductions on your tax return, there’s a tax-savvy alternative. Consider...

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