Income Taxes and Credits Deductions
The IRS uses certified mail for specific notices that often concern IRS collections. However, a certified mail IRS letter doesn’t always mean the IRS is...
If you’ve received an unexpected IRS letter or your e-file tax return has been rejected, there’s a possibility you’re a victim of identity theft. Identity...
Receiving a letter from the IRS is stressful, especially when it means your refund is being reduced. Notice CP79 means the agency reviewed your return...
Updated February 2026 The IRS requires a variety of payers to issue 1099s. You may receive 1099s for interest payments, freelance income, dividends, brokerage transactions,...
Updated February 2026 What Should I Do If I Missed the Extended Tax Deadline? If you waited until this fall to deal with your taxes...
Higher Capital Gains Exclusions, Partial Exclusions for Shorter Holding Periods, and More Eligible Small Businesses Signed into law on July 4, 2025, the One Big...
The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, limits gamblers to claiming 90% of wagers as a deduction against gambling...
Section 70202 of Public Law 119-21, the One Big Beautiful Bill (OBBB), provides taxpayers with up to a $12,500 deduction ($25,000 if married filing jointly)...
Created by the Tax Cuts and Jobs Act (TCJA) of 2017, Opportunity Zones (OZ) are designed to encourage investors to put money into economically distressed...
What Happens If a Fund Is Disqualified? Opportunity Zones are a tax incentive that brings much-needed funds to economically distressed or low-income areas. When used...