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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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SBA Says 7(a) and 504 Financing Can Now Combine Up to $10 Million. Here Is What That Does, and Does Not, Mean.
SBA announced a financing change that matters for businesses planning a serious expansion. Beginning July 4, 2026, eligible borrowers can combine SBA 7(a) and 504 financing for up to $10 million in SBA-backed capital. That is double the prior cumulative limit SBA highlighted in its May 18 announcement. It is also one of the more…
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New SBIC Law Could Push More Capital Toward Rural, Manufacturing, and Critical-Tech Small Businesses.
President Trump signed H.R. 2066, the Investing in All of America Act of 2025, on May 19. SBA followed with a May 21 release highlighting what the law does for the Small Business Investment Company program. This is not a direct loan program for every small business. It is an investment-capital change that may affect…
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China Trade Talks May Help Exporters, but Importers Still Need Written Tariff Details.
The China trade headlines from last week are worth watching, but they are not a reason for importers to change landed-cost assumptions yet. After President Trump’s China visit, the White House and USTR described new trade channels, agricultural purchase commitments, movement on non-tariff barriers, and attention to rare earth and critical mineral supply issues. Those…
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SBA Just Sent 562,000 COVID Loans to Treasury for Collection. Here Is What To Do If You Get a Notice.
SBA referred 562,000 PPP and EIDL loans worth $22.2 billion to Treasury for collection on April 24. Fewer than 1,000 had been investigated. The other 561,000 are flagged on data signals. Three borrower categories, three dispute paths.
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Missed the April 15 Deadline? Here Is What To Do Now
Failure-to-file penalties are heavier than failure-to-pay. File this week, even if you cannot cover the balance. Full action list.
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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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SBA Rolls Out 90% Loan Guarantees for Manufacturers and Food Supply Chain
The SBA announced two new loan programs in the last week that significantly increase the federal guarantee on certain business loans from 75% to 90%. Both programs take effect May 1, 2026, and they target two specific sectors: domestic manufacturing and the food supply chain. Made in America Loan Guarantee (March 31) This program uses…
