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Domicile: What It Means, Why It Matters, and How to Protect Your Tax Position

Moving or living in two states? Learn how domicile affects state taxes, residency, and audits, plus steps to protect your tax position.

1 month, 3 weeks ago

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No Direct Deposit? Your IRS Refund Could Be Delayed for More Than Two Months

Received an IRS CP53E notice? Learn why taxpayers who choose paper refund checks may wait more than two months and what you can do to avoid delays.

1 month, 3 weeks ago

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Free Retirement Money? Here’s How to Get It

If you’re saving for retirement and have a modest income, the Saver’s Credit in 2026 or the Saver Match can help you fund your retirement plan.

1 month, 3 weeks ago

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Trump Accounts and Gift Tax Returns: How IRS Guidance Changed the Rules for Family Contributions

IRS Revenue Procedure 2026-25 clarifies when family contributions to Trump accounts qualify for the annual gift tax exclusion and when a gift tax ret…

1 month, 3 weeks ago

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Reasonable Compensation Is Not a One-Time Decision

Reasonable compensation should evolve as your business grows. Learn why S corporation owners should review salary, distributions, and tax planning re…

1 month, 4 weeks ago

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If You Owe the IRS Money, Here’s What You Should Know About the Statute of Limitations on Collection

The IRS has a maximum of ten years from the date of assessment to collect tax debts from taxpayers. This period is a crucial timeframe for anyone dea…

2 months ago

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Booming or Slowing Down? Why Your 2026 Tax Strategy May Need a Reset

The economy is uneven, and your 2026 tax strategy should reflect your reality. Learn how growing and slowing businesses can adjust tax planning, cash…

2 months ago

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Choosing Between an S Corporation and a C Corporation: It’s About More Than Tax Rates

Choosing between an S corporation and C corporation involves more than tax rates. Learn the key factors that can impact growth and profits.

2 months ago

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IRS to Provide Automatic Penalty Relief to Normally Compliant Taxpayers

The IRS has announced that it will begin automatically forgiving certain penalties for taxpayers who have not had a similar penalty in the past three…

2 months ago

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IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase

With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use instead of keepi…

2 months ago

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