IRS clarifies theft and fraud loss deductions

Through a Chief Counsel Advice memo, the IRS indicates that more fraud victims can claim a theft loss deduction than previously known.

Inside the One, Big, Beautiful Bill

Learn how the One, Big, Beautiful Bill Act could affect your taxes, with TCJA extensions, new deductions, and key business and individual changes.

Tips for dealing with tariff-driven turbulence

Discover key strategies to reduce risk and manage costs amid evolving global tariffs, from financial planning to tax strategies and supplier shifts.

BOI Reporting Paused … Again

IMPORTANT UPDATE: The January deadline for businesses to register their beneficial ownership information is once again on hold following a Dec. 26 order from the Fifth Circuit Court of Appeals. 

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2021 business year-end tax planning

2021 business year-end tax planning

Businesses must navigate 2021 year-end tax planning with new tax laws potentially on the horizon   The end of the tax year is fast approaching for many businesses, but their ability...

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2022 cost-of-living adjustments

2022 cost-of-living adjustments

The IRS recently issued its 2022 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, mainly due to the COVID-19 pandemic, many amounts...

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