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What changed Congress narrowed the ERC window and the IRS published new FAQs clarifying limits on late claims—especially for Q3–Q4 2021 claims filed after Jan. 31, 2024 (these can’t be allowed or refunded under the new law). The FAQs also explain timing, what “timely filed” means, and appeal options if your ERC is disallowed. IRS+1...Read More

With renewed IRS funding, enforcement campaigns are expanding—especially against high-income non-filers and questionable pandemic credits. Smart “tax defense” isn’t hype; it’s documentation + the right relief path. U.S. Department of the Treasury+2IRS+2 What the IRS is focusing on High-income non-filers: waves of CP59 notices are going out. IRS Dubious ERC claims: the moratorium ended, but...Read More

Your 2025 Tax Return: Direct-Deposit Refunds + 1099-K Thresholds Two big changes will shape this filing season: 1) Refunds go (mostly) digital The IRS will phase out paper refund checks for individuals beginning Sept 30, 2025—part of a broader shift to electronic payments. Plan on direct deposit (and make sure your bank info is right)....Read More

Crypto Tax Prep 2025: 1099-DA, Basis Tracking & Clean Filing If you trade crypto—or get paid in it—2025 is different. The IRS now requires certain brokers (exchanges, some wallets and platforms) to report gross proceeds from digital asset sales on the new Form 1099-DA for transactions on or after Jan 1, 2025.  What 1099-DA does...Read More

The Employee Retention Credit (ERC) filing window has closed, but the story isn’t over. Congress and the IRS tightened the rules in 2025, and audits/cleanups are accelerating. What changed Filing window ended: The ERC claim period is closed (April 15, 2025 was the final date for 2021 claims). Taxpayer Advocate Service **Q3–Q4 2021 claims filed...Read More

The IRS will begin phasing out paper refund checks for individual taxpayers starting September 30, 2025, as part of a government-wide push to modernize payments. Most refunds will go direct deposit (with limited exceptions). IRS What’s changing (and what isn’t) Refunds go digital: Direct deposit (or other approved electronic options) becomes the default for individual...Read More

Thinking about listing your place—or you already host on Airbnb/VRBO? Great. Just make sure you understand the two very different tax buckets you’ll deal with: property taxes (because you own the property) and lodging/occupancy taxes (because guests are staying there short-term). Here’s the plain-English guide. 1) Property taxes: owning the place still comes first What...Read More

Reasonable Compensation for Business Owners: How to Set a Salary the IRS Will Respect If you run your business and also work in it, you can’t just pay yourself “whatever.” The IRS expects reasonable compensation—especially for S-Corp owners/officers (including LLCs taxed as S-Corps). Pay too little as W-2 wages and take the rest as “distributions,”...Read More

Avoid Up to 47.5% in IRS Penalties: What Happens If You Miss Your Tax Extension—and How to Prevent It Filed an extension? Great—but remember, an extension gives you more time to file, not to pay. If you still owe tax from April, penalties and interest are already running. And if you fail to file by...Read More