2025 U.S. Tax Legislation Forecast: What to Expect

🖨 Print⏱ 4 min readShare by As 2025 unfolds, U.S. tax policy is poised for significant shifts, particularly with a new Republican administration under President Donald Trump. The year ahead will likely see a range of tax reforms, largely driven … Continue reading →

🖨 Print⏱ 4 min readShare by The word “innocent” in innocent spouse relief can be misleading. It doesn’t imply you’re perfect or blameless – it’s more about whether you knew or should have known about the tax issue. The IRS … Continue reading →

🖨 Print⏱ 4 min readShare by Personal Income Tax Planning Strategies for Year-End 2024 As 2024 draws to a close, it’s the perfect time to review your personal income tax situation and implement strategies to minimize your tax liability for … Continue reading →

🖨 Print⏱ 2 min readShare by According to estimates, inflation adjustments to the Internal Revenue Code are expected to yield increases of 2.8 percent compared to 2024 amounts. This means wider tax brackets and increased exemptions, among other things. With … Continue reading →

🖨 Print⏱ 4 min readShare by Former President and current candidate Donald Trump introduced a new policy of his in a recent Arizona rally: No more income tax on overtime pay. This follows both Trump and Vice President Harris’ proposal … Continue reading →

🖨 Print⏱ 4 min readShare by On Jan. 1, 2024, the U.S. government debuted the Corporate Transparency Act (CTA). This legislation established the requirement for the majority of private companies, both big and small, to file information with the Financial … Continue reading →