IRS Filing Season Update: Progress Made, Challenges Remain

The National Taxpayer Advocate reports that most taxpayers had a smooth 2026 filing season, primarily due to continued IRS progress in transforming its IT systems. However, the 2026 midyear report to Congress (https://bit.ly/4g2hoSu ) also highlights ongoing issues, including refund delays for some taxpayers, identity theft case backlogs and processing challenges for certain returns. Looking […]

Unlock tax-free gains with QSB stock

If you run your business as a C corporation, you may be eligible for a potentially significant tax break for qualified small business (QSB) stock. This opportunity has existed for years, but recent tax law changes have enhanced it. What’s a QSB corporation? QSB corporations are a special type of C corporation. At the entity level, QSB […]

A Little-Known Home Sale Tax Break for Seniors in Care Facilities

If an aging parent or loved one becomes physically or mentally unable to care for themselves and moves into a licensed care facility (such as a nursing home or assisted living), a special rule may save tax when selling their home. If they owned and used the home as their principal residence for an aggregate […]

Don’t Wait Until December: Summer Is the Perfect Time for Charitable Donations

Many people wait until year end to think about tax-deductible charitable donations. But summer is a great time to clean out your closets and donate clothing and home goods to local nonprofits. In 2026, taxpayers who itemize can deduct cash and noncash contributions that exceed 0.5% of their adjusted gross income (AGI). For donations valued […]

Cash vs. accrual: Choosing the right accounting method

Many small business owners start with simple accounting processes. But as their companies grow, the choice of accounting method can significantly impact taxes, financial reporting and access to financing. Understanding the differences between the cash and accrual methods — and when each makes sense — can help you make more informed decisions as your business […]

New Bill Proposes Major Tax on AI Companies

AI companies would be subject to a one-time tax equal to 50% of their outstanding equity interests if a bill proposed by U.S. Senator Bernie Sanders (I-VT) is passed and signed into law. Under the bill, these equity interests would be deposited into a sovereign wealth fund for the benefit of all Americans. The tax […]

Don’t blame the American Revolution on taxes

Today, America celebrates an extraordinary milestone—250 years since the signing of the Declaration of Independence. For two and a half centuries, our nation’s strength has been built by entrepreneurs, innovators, business owners, workers, and families who believed in the promise of freedom and opportunity. At Van de Ven CPAs + Business Consultants, we’re honored to […]

Newly Married? Don’t Overlook These Tax To-Dos

If you’re getting married, or were recently married, congratulations! Taxes are likely the furthest from your mind, but there are a few tax-related chores you need to consider. For example, next year, for 2026, you’ll be filing your first tax return as a married person. That could affect the amount of tax you should have […]

What 250 Years of Tax History Reveal About the US Tax Code

What 250 Years of Tax History Reveal About the US Tax Code https://bit.ly/4v8VJvy