New Tax Law Includes Major Changes for Homeowners

Several provisions of the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, will affect homeowners starting in 2025. These changes are important as you plan for the current tax year, because they may impact whether you […]

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Favorable Business Depreciation Tax Changes Under New Law

There's good news for businesses considering buying equipment and other capital assets: The One Big Beautiful Bill Act (OBBBA) dramatically improves first-year depreciation tax breaks. Here's what you need to know to take advantage. Learn more from the tax experts […]

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Marginal Well Tax Credit: Key Updates for 2025

Operators of marginal oil and gas wells continue to face narrow margins and fluctuating market conditions. To provide relief in lower price environments, the IRS offers the marginal well tax credit under Internal Revenue Code § 45I. Recent guidance establishes […]

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8 Red Flags that Could Trigger an IRS Audit

Keeping up with ever-evolving tax laws can be challenging for individuals and small business owners. Because the IRS continuously refines its systems for detecting errors and inconsistencies, it's important to understand potential audit triggers — and how to avoid them. […]

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