In this episode Director of Tax Services Angie Adames, CPA, shares an overview of the IRS’ most common tax scams and ways to protect yourself.
Beginning Jan. 1, 2026, employees with high-deductible health plans will be able to save an additional $100 annually in their health savings accounts (HSAs). These triple-tax-advantaged accounts can go a long way in helping you pay healthcare costs with tax-free dollars today and in retirement. 2026 HSA Contribution Limits The 2026 annual limit on HSA […]
In this episode, Joseph Leocata, JD, CPA, MBA, shares an update on enforcement trends at the IRS, the increasing use of AI and what the near-term future holds.
The IRS has announced its intention to withdraw final regulations issued just three months prior that would have imposed new reporting requirements on partnerships engaged in certain related-party basis-shifting transactions. By rescinding these regulations and the related penalties for noncompliance, the IRS aims to eliminate what it calls “complex” and “costly” compliance burdens on partnerships. […]
The excitement of planning a wedding should not take a back seat to the necessary tax and legal issues that newlyweds will face after they say, “I do.” As you prepare to walk down the aisle, remember to put these critical steps on your to-do list. Name Changes. If you plan to take your spouse’s […]
Sales tax compliance can be a monumental task for a business with activities in multiple states, each with their own tax rates and sales tax reporting thresholds. However, navigating through these complexities and maintaining compliance is possible with the right tools. States are increasingly looking for new ways to fill their tax gaps by establishing […]
In this episode Associate Director of Tax Services Joel Young, JD, LLM, shares an overview of FIRPTA, the goals of the program and who might make a misstep.
Seeking out new career opportunities can have many financial implications, including taxes. When you switch jobs, your income may change along with your eligibility for certain tax deductions and credits that ultimately affect your tax liabilities today and in retirement. During these transitions, you must keep up to date with evolving laws to maintain tax […]
In a recent decision by the New York State Court of Appeals, an advertising research firm is liable for $2.3 million in unpaid sales tax for information services it provided to its customers over a three-year period. According to the court, Dynamic Logic Inc. (Dynamic) had erroneously treated one of its information services products as […]
The Foreign Investment in Real Property Tax Act (FIRPTA) is a U.S. law enacted in 1980 to ensure foreign owners of U.S. real property interests pay their fair share of federal taxes on the profits they may yield from the eventual sale or disposition of those properties. It requires advanced planning and specific actions by […]