Tax Foundation issues opinion on Extenders

Republicans in Washington want to extend most expiring Tax Cuts and Jobs Act (TCJA) provisions affecting businesses, individuals and estates. The nonprofit Tax Foundation has weighed in on the cost. Its analysis (https://bit.ly/43nacKt ) found that if TCJA provisions are permanently extended, long-term economic output would increase by 1.1%. But, the analysis states, tax revenues […]

IRS Business Tax Account

The IRS Business Tax Account (https://bit.ly/41olHi3 ) provides information to sole proprietors, partners of partnerships, and shareholders of S corps and C corps. Eligible business taxpayers who set up an account can use the hub to make electronic payments, schedule or cancel future payments and access other tools. They can also view their current balances, […]

6 sources for financing your new business

IRS publishes Dirty Dozen for 2025

The IRS has published its “Dirty Dozen” tax scams for 2025. Ranging from email schemes to misleading tax credits, many of the scams increase during filing season as individuals prepare their tax returns. However, these crimes can occur throughout the year as fraudsters look for ways to steal money, personal information and data. A growing […]

Tariffs are in the news

President Trump announced that 25% tariffs on Mexican and Canadian goods will take effect March 4. These tariffs were originally set to begin Feb. 4, but he issued a 30-day reprieve. The president said the tariffs are needed because of a continuing influx of illegal drugs. Trump also announced an extra 10% tariff on goods […]

Tracking the Economic Impact of the Trump Tariffs

Tracking the Economic Impact of the Trump Tariffs https://bit.ly/3Qr67Ni

A reminder to report large cash transactions

A reminder for businesses: Use IRS Form 8300 to report cash transactions of $10,000 or more within 15 days of a transaction. If you file electronically, the forms are delivered to the Financial Crimes Enforcement Network. Paper forms are submitted to the IRS. Generally, you also should provide written statements to parties whose names you’ve […]

Can I mail my tax return?

Tax returns are generally due on April 15, or the next business day if the 15th falls on a weekend or legal holiday. But does that mean a taxpayer can just drop a return into a mailbox on April 15th? Possibly, but issues can occur. If a return is waylaid after it’s mailed, it may […]

Property Taxes by State and County, 2025

Property Taxes by State and County, 2025 https://bit.ly/3FhOQUu

Alternative method available for essential health care reporting

Until recently, large employers (generally with 50 or more full-time employees) that provide workers with minimum essential health care coverage were required to furnish them with proof of coverage once a year. However, an alternative method is available as part of the Paperwork Burden Reduction Act. Instead of providing individual statements to all employees, employers […]