Income Tax January 8, 2026
10 Tax Deductions the IRS Will Slap Down Fast
While there have been several unusual deductions that were approved by the courts or the IRS, here are 10 that didn’t make the grade.
Taxes January 6, 2026
7 Wild and Crazy Tax Deductions that the IRS Actually Allowed
As the 2026 tax filing season gets underway, take note of these seven “wild and crazy” deductions that have previously been allowed.
Taxes December 29, 2025
Tax Court Affirms Nature of Constructive Dividends
In a new case, Alioto, TC Memo 2025-125, 12/4/25, a C corporation paid the personal expenses of its main shareholder, with adverse tax consequences.
Taxes December 24, 2025
Tax Tips on Life Insurance Loans
If you acquire permanent whole life insurance as opposed to term life insurance, your premium payments build up a cash value in the policy.
Special Section: Guide to 2025 Tax Changes December 23, 2025
2026 Income Tax Filing Guide – An Overview of All of the New Tax Laws – OBBBA
This series of articles spotlights key tax issues and changes made to tax law in 2025 that will affect the 2026 income tax filing season and the years to come, as a result of the One Big Beautiful Bill Act.
Taxes December 19, 2025
2025-2026 Tax Season Guide to OBBBA Tax Law Changes – SPECIAL SERIES
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
Taxes December 6, 2025
Tax Court Rules No Tax-Free Pass on S Corp Income
With an S corporation, the owners are of the business essentially taxed like partners in a partnership. In contrast, C corporation owners must cope with “double taxation” where income is first taxable to the corporation and then distributions are taxed to the owners.
Taxes November 19, 2025
Just Desserts for Missing Charitable Records
As evidenced by a taxpayer in a new case, Besaw, TC Sum. Op. 2025-7, 7/21/25, just missing one or two of the key ingredients can spoil the deal.
Special Section: Guide to 2025 Tax Changes November 18, 2025
New Tax Breaks for Qualified Opportunity Zones – OBBBA Tax Law Changes
The OBBBA generally enhances the tax benefits available for investments in the Qualified Opportunity Zone (QOZ) program and makes these favorable tax law changes permanent.
Special Section: Guide to 2025 Tax Changes November 14, 2025
New Law Boosts ABLE Accounts for Disabled Americans – OBBBA Tax Law Changes
An ABLE account works like the better-known Section 529 account for higher education expenses. After you establish the account and contribute to it, any earnings inside the account are exempt from current tax.
Special Section: Guide to 2025 Tax Changes November 12, 2025
New Tax Forms for the 2026 Income Tax Filing Season – OBBBA Tax Law Changes
The OBBBA tax changes mean a major impact on 2025 tax returns that must be filed by April 15, 2026. Besides creating new tax forms, the OBBBA requires significant modifications to others.
Special Section: Guide to 2025 Tax Changes November 12, 2025
New Income Tax Rules Enhance Flexible Spending Accounts FSAs – OBBBA Tax Law Changes
The OBBBA increases the contribution limit for dependent care expenses to $7,500, beginning in 2026. This gives participating employees more leeway as dependent care costs continue to escalate.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
