The domestic R&D expense deduction 2026 rules allow current deductions for qualifying domestic research costs, but prior-year relief has separate deadlines. Here is what small businesses should review before amending older returns
A fake IRS crypto compliance portal is targeting digital asset holders through official-looking letters and QR codes. Learn how to verify the letter and protect your accounts before sharing information
Bonus depreciation 2026 may provide a 100% first-year deduction for qualifying property, but the equipment type, acquisition date, placed-in-service date, business use, state rules, and future tax impact still matter
Hiring your spouse in your business may be legitimate, but the job, wages, payroll taxes, benefits, and records must match the work being performed and the business structure
The employer-provided childcare credit became more valuable in 2026, but the higher rates do not apply to every childcare payment. Small businesses should review eligibility, qualifying expenses, facility rules, Form 8882, and possible recapture before claiming the credit.
Choosing a business structure affects more than the paperwork filed with the state. New owners should review federal tax classification, payroll, owner compensation, annual filing costs, and future business plans before forming an LLC or making a corporate election.
Revocable and irrevocable trusts can support important estate-planning goals, but neither automatically lowers taxes. Taxpayers should review ownership, control, income reporting, gift-tax questions, estate inclusion, and property basis before transferring assets.
Using money from a 529 plan may seem straightforward, but the expense, timing, and state rules can affect the tax result. Here are six mistakes families should review before moving, transferring, or withdrawing the money
Some gifts, inheritances, insurance proceeds, benefits, scholarships, and other payments may be excluded from federal taxable income. This guide explains common types of income the IRS does not tax and why taxpayers should still review the reporting rules and exceptions.
First Time Abate is changing as the IRS begins transitioning to Automatic Exemption from Penalty, or AEP. Eligible taxpayers may receive certain penalty relief automatically, but IRS notices still need to be reviewed carefully.
