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IRS Payroll Bulletin: Paid Leave Credit Expanded, Overtime W-2 Rules Clarified, and Two Retirement Programs on the Way
The IRS released its September 2026 payroll bulletin covering four separate guidance items that affect employers directly: an expanded paid family and medical leave tax credit, updated rules for the “no tax on overtime” deduction, proposed regulations on employer contributions to Trump Accounts, and an advance notice on upcoming Saver’s Match regulations. If you have…
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Nevada Joins 27 States in the New Federal Scholarship Tax Credit
Nevada is now one of 27 states that have signed up for the new Federal Scholarship Tax Credit, the IRS announced June 8. The credit was created by the 2025 reconciliation law known as the One, Big, Beautiful Bill, and it gives individual donors a dollar-for-dollar federal credit for contributions to organizations that fund K-12…
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Can’t Pay the IRS in Full? An Offer in Compromise Is Worth Checking, but It Is Not Magic.
An offer in compromise can be the right answer for some taxpayers who cannot pay the IRS in full. It is also one of the most heavily marketed tax-debt products, which is why taxpayers need to separate the real IRS program from the sales pitch. IRS Tax Tip 2026-40 is a useful reset. An offer…
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IRS Business Tax Account Is Now Open to Millions More Entities
The IRS just opened its Business Tax Account portal to millions of additional entities, including partnerships, S corporations, government entities, and tax-exempt organizations. If your business or organization was previously locked out of digital IRS account access, that changed on April 6, 2026, with the release of IR-2026-46. Most business owners have never heard of…
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Trump Accounts: What Every Family Needs to Know About the New Investment Accounts for Children
Four million children are already signed up for Trump Accounts, the new tax-advantaged investment accounts created under the One Big Beautiful Bill Act. With contributions set to begin July 4, 2026, this program gives every American child under 18 a shot at building real wealth before they even graduate high school. The IRS announced on…
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IRS Warns of Six Tax Scams Targeting OBBBA Benefits
The IRS has issued three separate warnings about tax scams tied to the One, Big, Beautiful Bill Act. Scammers are targeting taxpayers who are unfamiliar with the new law’s provisions, and the schemes range from dishonest tax preparers inflating refunds to fake online calculators designed to steal personal information. Here’s what you need to know…
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Filing Under the New Rules: What the One, Big, Beautiful Bill Means for Your 2025 Tax Return
The One, Big, Beautiful Bill Act changes how you file your 2025 return. Here is what to know about tips, overtime, SALT, depreciation, and R&D deductions before the April deadline.
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The IRS Says $1.2 Billion in 2022 Refunds Are Unclaimed. Could Some Be Yours?
The IRS says $1.2 billion in 2022 tax refunds are unclaimed. The deadline to file and collect is April 15, 2026. Here is how to check if you are owed money.
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How to Choose the Right Tax Professional for Your Business in 2026
With major OBBBA tax changes affecting 2025 returns for the first time, choosing the right tax professional is critical. Here is what business owners should look for and what to avoid.
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Tax Season 2026 Opens: Five Things That Changed Since Last Year
The 2026 filing season is open with major changes from the OBBBA. Here are five things that changed since last year: bonus depreciation, Section 179, R&D expensing, tips/overtime deductions, and mileage rates.
