W-2 and 1099 Deadlines Shift to Groundhog Day in 2026
Most businesses are used to a January 31 deadline for furnishing key tax forms to workers and filing them with […]
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Can You Deduct Medical Expenses on Your 2025 Income Tax Return?
If you had substantial medical costs last year, you may be asking whether they can reduce your tax bill on
Can You Deduct Medical Expenses on Your 2025 Income Tax Return? Read More »
Important 2025 Tax Filing Updates for Partnerships and S Corporations
Do you operate your business as a partnership, a limited liability company (LLC) taxed as a partnership, or an S corporation? These business
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Understanding the Casualty Loss Deduction After a Disaster
Each year, hurricanes, floods, wildfires, and other natural disasters cause significant damage to homes and personal property across the U.S.
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Understanding Ordinary and Necessary Business Expenses
With 2025 now in the rearview mirror and the tax filing deadline approaching, businesses should begin organizing records related to
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2026 Tax Figures for Individuals: Key Deductions, Limits, and Planning Tips
A new year brings updated tax figures for individual taxpayers. Many limits are adjusted annually for inflation and generally rise
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Essential 2026 Tax Numbers for Business Owners
As a new year approaches, businesses need to stay informed about updated tax limits and thresholds that can affect deductions,
Essential 2026 Tax Numbers for Business Owners Read More »
ABLE Accounts Get a Boost: Expanded Eligibility and Permanent Benefits
Many people are familiar with Section 529 plans as a tax-advantaged way to save for education. Fewer realize there’s a
ABLE Accounts Get a Boost: Expanded Eligibility and Permanent Benefits Read More »
Common Mistakes That Can Terminate S Corporation Status
An S corporation combines the tax advantages of a partnership with the liability protection of a corporation. However, this favorable tax status comes
Common Mistakes That Can Terminate S Corporation Status Read More »