Believe an old tax problem is resolved? The IRS disagrees.
IRS Voluntary Disclosure Program: An Important Discussion Terry Garton initiated a conversation about the ongoing staffing difficulties at the IRS, particularly as the tax filing season approaches. He posited that now might be a critical time for the public to focus on the IRS Voluntary Disclosure Program (VDP). Valerie Makarewicz emphasized the significance of timely […]
Don’t miss out on potential savings: Changes to the major bill could impact your tax return.
The 2026 tax season has brought about several changes that may impact refunds, leading many taxpayers to seek professional assistance to avoid missing out on potential funds. “The absence of taxes on overtime and tips is significant,” Moore stated. Phones are busy and appointments are being filled as LaToya Moore, owner and CEO of A […]
That ‘tax loophole’ could explain why America continues to manufacture products
Understanding Tax Policies Amid Political Debate As President Trump prepares for his State of the Union address, legislators will likely cheer his emphasis on economic strength, innovation, and competitiveness. However, many of these same politicians often criticize the very policies that enable these aims, particularly targeting what they describe as “tax loopholes,” which are frequently […]
Tax issues on the horizon for IRAs and 401Ks exceeding $200,000
Retirement Tax Risks with IRA and 401K Accounts Holding more than $200,000 in a traditional IRA or 401K could lead to significant tax challenges in retirement, warns financial advisor Ryan Tucker. “The issue revolves around taxes, which could become increasingly problematic if no action is taken,” adds Tyson Tucker. For most traditional IRAs and 401Ks, […]
The harsh reality: Why tariffs and tax reductions cannot keep pace with America’s growing debt
Understanding America’s Debt Dilemma Every four years, there’s this surge of hope in America, as people dream about a new president who will turn things around, particularly the federal deficit. Republicans argue that economic growth can outpace debt, while Democrats believe that taxing the wealthy is the answer. Meanwhile, the U.S. debt clock keeps spinning, […]
Numerous landlords in Montana have not submitted filings to escape the second-home tax.
Montana Rental Homeowners Face Tax Deadline With the March 1 deadline nearing, data from the Montana Department of Revenue indicates that about 75% of rental property owners in the state have not yet applied for exemptions meant to shield their properties from significant tax hikes when the new second home tax takes effect in this […]
Looking for a larger tax refund? Many Americans are receiving higher amounts, find out who qualifies.
Expanded Deductions in the Big Beautiful Bill Aid Tipped Workers, Overtime Employees, and Seniors WASHINGTON — For anyone wondering where the financial relief might be, this year’s tax returns could be a source of good news. This tax season introduces significant changes that may add some extra funds to your wallet, thanks to a recently […]
Looking for a larger tax refund? Many Americans are receiving more money back; find out who qualifies.
The new deductions in the recently passed “Big Beautiful Bill” are set to help tipped workers, those eligible for overtime, and older Americans. For anyone wondering, “Where’s the money?” this tax season might provide some answers. The current tax year is seeing significant changes that could result in some extra cash thanks to the new […]
Looking for a larger tax refund? Many Americans are receiving more, find out who qualifies.
The recent updates in the Big Beautiful Bill are set to assist tipped workers, those working overtime, and senior citizens. WASHINGTON — If you’ve been wondering, “Where’s the money?” your tax returns this year might just provide some answers. This tax season introduces significant changes that have the potential to add some extra cash to […]
The mansion tax that deceived LA
Californians Feeling Overburdened by Taxes A significant portion of Californians—about 70%—are under the impression that they are overtaxed, and many believe that tax hikes will persist. We’re seeing a surge in local real estate taxes, both at the state and local levels. Take, for instance, the ULA tax. Back in 2022, voters were led to […]