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Understanding the Offer in Compromise: How You Might Settle Tax Debt for Less
The IRS Offer in Compromise program allows qualifying taxpayers to settle tax debt for less than the full amount owed. Learn who may qualify, how the application works, and what
IRS Provides Penalty Relief for Remittance Transfer Providers Under the One Big Beautiful Bill Act
The IRS has announced temporary penalty relief for remittance transfer providers as they transition into the new 1% excise tax on certain cash-funded outbound transfers beginning January 1, 2026. Providers
What Small Businesses Need to Know About the 1099-K Threshold Update
The IRS has confirmed that third-party payment platforms like PayPal, Square, and Venmo will only issue Form 1099-K when total payments exceed $20,000 and there are more than 200 transactions
New IRS & Treasury Guidance on Tipped Occupations Under OBBBA
New IRS & Treasury Guidance on Tipped Occupations Under OBBBA
On September 19, 2025, the IRS issued proposed regulations under the One, Big, Beautiful Bill Act (OBBBA), clarifying who qualifies
What the One Big Beautiful Bill Act Means for Your Taxes
Discover how the One Big Beautiful Bill Act affects your 2025 taxes. Learn about new deductions for tips, overtime, seniors, car loans, and key changes to child tax credits, SALT
Preparing for Tax Season 2025: What Changes You Should Know About
Last Updated: January 15, 2025 Ah, the smell of fresh calendars, new year’s resolutions, and… taxes. As we march into 2025, it’s time to tackle the question everyone dreads: What’s
