Tag Archives for " IRS "
Mastering Tax Compliance: Building Healthy Financial Habits
Do you ever feel a twinge of anxiety as tax season approaches? That subtle, or not-so-subtle, knot in your stomach when you think about deductions, deadlines, and the ever-present possibility of an IRS
Read More5 Common IRS Audit Triggers in 2025 (And How to Avoid Tax Trouble)
Let's Talk About IRS Audit Triggers Worried about an IRS audit? Let's make sure you stay in the clear by understanding the most common IRS audit triggers that could put you on their radar.Nobody wants
Read MoreBeware of IRS “Dirty Dozen” Tax Scams This Season
Each tax season, scammers become more active, attempting to exploit taxpayers and tax professionals alike. The Internal Revenue Service (IRS) has released its annual "Dirty Dozen" list, highlighting the
Read MoreIRS Hiring Freeze: What It Means for You This Tax Season
In recent months, significant changes have emerged in U.S. tax policy under President Donald Trump's administration, directly impacting taxpayers, tax professionals, and businesses alike. Notably, the
Read MoreIRS Sent $2.4 Billion in Unclaimed Credits: Are You Eligible?
Find Out if You’re Owed Money from the IRS and How to Claim It.Could you have missed out on extra cash from the IRS? If you filed a tax return in 2021 and didn’t claim the Recovery Rebate Credit, the
Read MoreIRS Mileage Deduction for Business Use Increases to 70 Cents Per Mile
Get more back for your miles with the IRS’s updated rates.If you use your vehicle for business purposes, there’s good news. Starting in 2025, the IRS is increasing the standard mileage rate for business
Read More5 Tax-Savvy Charitable Donations That Can Lower Your Tax Bill
How to make your donations count for both those in need—and your taxes.’Tis the season for giving, and your generosity can give back to you by lowering your tax bill. With tax-savvy charitable
Read MoreTrump Tax Policy Changes: 11 Proposals and What They Mean for You
Key tax reforms could impact your income, savings, and investments starting in 2025.The 2024 elections are over, and President-elect Donald Trump is poised to introduce major Trump tax policy changes aimed
Read MoreIRS Crackdown Targets $1.4 Billion in Unpaid Gambling Taxes
The IRS is preparing a tax-enforcement push to address $1.4 billion in unpaid gambling taxes.A recent audit by the Treasury Inspector General for Tax Administration (TIGTA) revealed that nearly 150,000
Read MoreIRS Announces New Federal Income Tax Brackets for 2025
The IRS recently unveiled the new federal income tax brackets for 2025, adjusting income thresholds across all tax rates. These changes, including increases to the standard deduction, aim to account for
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