Attention: IRS Changes Mailing Address for 2025 Estimated Tax Payments
The IRS recently announced a mid-year change to the mailing addresses for individual estimated tax payments (Form 1040-ES). This update applies to payments being made in 2025—including the fourth-quarter estimated tax payment due January 15, 2026.Because the...
Big Changes Ahead: What the OBBBA Means for Your Itemized Deductions
Here's a breakdown of the recent tax law updates, focusing on what's new for individuals, particularly those who itemize deductions. These changes affect your tax planning starting with the 2025 tax year.Key Changes to Itemized DeductionsNew Overall Limit on...
The Tax Guide to Choosing Your Business Entity: Making the Decision #LessTaxing
Starting a business is exciting, but choosing the right entity structure can feel overwhelming. The decision you make can impact your tax obligations for years to come, so let's break down the tax pros and cons of each option to help you make an informed choice.Before...
What the “One Big Beautiful Bill Act” Means for Your Taxes
Signed into law on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) ushers in a sweeping extension of many tax breaks first introduced by the 2017 Tax Cuts and Jobs Act (TCJA). Alongside those extensions, the bill introduces a host of new tax deductions, credits,...