When Congress fails to pass appropriations or a continuing resolution to fund federal agencies beyond September 30, non-essential (“discretionary”) operations must pause. Essential services—such … [Read more...] about What is a Government Shutdown — and Why It Matters
IRS Tax Planning Ideas, Tips & News
OBBBA Expands Tax Benefits of Qualified Small Business Stock
Do you own stock in a high-growth small business? Or are you a founder, investor, or employee of one? If so, you should know about major tax changes in the One Big Beautiful Bill Act (OBBBA) that … [Read more...] about OBBBA Expands Tax Benefits of Qualified Small Business Stock
Big Changes to 1099 Filing Requirements Under the OBBBA
Filing tax forms is never fun—but staying ahead of changes can reduce your reporting burden and help you avoid unnecessary penalties. If your business pays independent contractors (non-employees) … [Read more...] about Big Changes to 1099 Filing Requirements Under the OBBBA
The End of IRS Paper Refund Checks: What’s Going On
In March 2025, President Trump signed Executive Order 14247, titled “Modernizing Payments To and From America’s Bank Account.” Under this order: In short, after September 30, you generally can’t … [Read more...] about The End of IRS Paper Refund Checks: What’s Going On
Understanding Deferred Business Trusts: The Two-Year Rule Explained
When selling a business, owners often face a major dilemma: how to unlock the value of their company while managing the tax burden that comes with the sale. One strategy that has gained traction is … [Read more...] about Understanding Deferred Business Trusts: The Two-Year Rule Explained
How to delay your RMDs
A required minimum distribution (RMD) is the amount of money that must be withdrawn annually from specific retirement plans, such as 401(k)s and certain IRAs, including the traditional IRA. … [Read more...] about How to delay your RMDs
