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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Federal Tax News for Individuals

Investing in a home brings tax benefits Purchasing a home is the most significant investment most people will make. Owning your home comes with valuable tax advantages that can reduce your annual tax bill. One of the primary benefits is […]

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Emerging Tax and Regulations Alert for May

IRS clarifies theft and fraud loss deductions The Tax Cuts and Jobs Act (TCJA) significantly limited the types of theft losses that are deductible on federal income taxes. But a recent “advice memo” (CCA 202511015) from the IRS’s Office of […]

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Federal Tax News for Individuals

Need to file an amended return? You filed your tax return and breathed a sigh of relief. Then you realize that you forgot to include something important. In general, you can file an amended return and claim a refund within […]

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Small Business Owners: Beware of Common Payroll Blunders

Managing payroll can be a major challenge for small business owners, especially as state and federal payroll tax regulations continue to evolve. Missteps in this area aren't just minor hiccups — they can lead to significant financial penalties and operational […]

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Gift Wrap Your 2025 RMDs to Charity

If you've reached the age where you must take required minimum distributions (RMDs) from your IRAs and don't need the extra income, making qualified charitable distributions (QCDs) might be a tax-smart move. Briefly stated, this special tax provision allows an […]

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