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Taxes

2026 Year-End Tax Planning Tips – How to Boost Your 2027 Income Tax Refund (Or Reduce What You Owe)

Financial Reporting October 25, 2026 

2026 Year-End Tax Planning Tips – How to Boost Your 2027 Income Tax Refund (Or Reduce What You Owe)

October and early November is the best time to take actions that can reduce your tax bill or increase your 2027 income refund.

Isaac M. O'Bannon

Featured Articles

October 24, 2026  

A Corrected Tax Document Arrived After Review. What Needs to Reopen?

October 24, 2026  

Offer in Compromise, Installment Agreement or Currently Not Collectible: Helping Clients Pick the Right IRS Path

October 23, 2026  

The Future of Your Tax Practice is Connected. Here’s Your Path Forward

October 23, 2026  

CCH Axcess Adds Agentic AI for Tax Preparation

October 23, 2026  

Tax Court Tears Down Deductions for Historic Structure Easements
hurricane_harvey_1_.59b165979df2a

August 18, 2023 

Southern California Braces for Hurricane

By the time the system makes it to the southwestern U.S., officials believe its hurricane-strength winds will have weakened to tropical storm strength.

IRS Agent Fatally Shot Accidentally During Training at Phoenix Gun Range

August 18, 2023 

IRS Agent Fatally Shot Accidentally During Training at Phoenix Gun Range

The shooting occurred Thursday morning at a federal prison’s gun range during routine interagency exercises.

insurance-fraud1

August 18, 2023 

Florida Woman Sentenced for Pandemic Loan Fraud, Leased a Bentley with Funds

She said during her sentencing hearing in Miami federal court that it seemed like “everybody was doing it” as the pandemic battered the nation’s economy.

payrolltax1

August 17, 2023 

New Jersey Business Owner Failed to Pay $10 Million in Payroll Taxes

A New Jersey business owner faces a federal prison sentence after failing to pay more than $10 million in payroll taxes.

CPAs to Clients: The IRS is Coming for Cryptocurrency

Taxes August 16, 2023 

CPAs to Clients: The IRS is Coming for Cryptocurrency

As more people become interested in buying and selling digital assets, the IRS is ramping up its crypto tax enforcement efforts.

money growth 1  5589c4f732bbc

August 15, 2023 

Increase in Retail Sales Beats Forecasts

U.S. retail sales rose in July by more than forecast, suggesting consumers still have the wherewithal to sustain the economic expansion.

IRS Gives Taxpayers New Faxing Option to Request Relief on Late International Forms

Taxes August 15, 2023 

IRS Gives Taxpayers New Faxing Option to Request Relief on Late International Forms

The IRS says this electronic option removes a step in the paper process, which saves time and eases the burden on international taxpayers.

Jason Bramwell

small-business1

Small Business August 15, 2023 

How to Offer Registered Agent Services

By adding RA services to your CPA firm, you’ll become your clients’ one-stop solution for their business needs, including accounting, tax, and compliance services.

Nellie Akalp

 Four Income Tax Breaks for New Parents

Taxes August 14, 2023 

Four Income Tax Breaks for New Parents

You just welcomed a new bundle of joy into the world. But once the euphoria has worn off, you’ll start to realize—if you haven’t already—that kids are expensive.

Ken Berry, JD

life insurance 1  57577c90445e1

Taxes August 14, 2023 

Trust In Irrevocable Life Insurance Trusts

Many limitations have been placed on traditional tax shelters over time, but the benefits of “irrevocable life insurance trusts” (ILITs) remain intact.

Ken Berry, JD

South Carolina Return Preparer Sentenced to Prison for Tax Fraud

Taxes August 14, 2023 

South Carolina Return Preparer Sentenced to Prison for Tax Fraud

In total, Gonzalez caused a tax loss to the IRS of more than $420,000.

Isaac M. O'Bannon

 AI Tax Tech That Sniffs Out Tax Evasion Gets $12.5M in Funding

Taxes August 11, 2023 

AI Tax Tech That Sniffs Out Tax Evasion Gets $12.5M in Funding

The system is currently used by major tax agencies around the world, including the Internal Revenue Service's Criminal Investigation Division and multiple states' tax authorities in the U.S.

Isaac M. O'Bannon

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