Tax Tips & More
Form 1099-DA is Here - How will it Impact Your Crypto Taxes?
After four years of work, the IRS has finalized its cryptocurrency regulations, and crypto tax reporting now begins. Starting with the 2025 tax year, custodial crypto platforms must report taxable crypto transactions directly to the IRS.
Beat the OBBBA/TCJA Rules that Punish Dog Breeding Hobbies
Are you involved in a dog breeding business or considering starting one? If so, you are in the IRS’s crosshairs. The IRS has long considered dog breeding to be an activity typically classified as a hobby, rather than a business, for tax purposes.
Protect Yourself: Digitize Tax Receipts
When it comes to IRS audits, one of the most common reasons taxpayers lose deductions is the lack of proper documentation.
Sole Proprietorship Retirement Plans to Help Reduce Your 2024 Tax Bill
Are you looking for ways to reduce your 2024 tax bill while securing your financial future? Setting up a self-employed retirement plan may be your solution.
Got IRS Penalties? Know the Rules, Pay Nothing
The IRS often imposes steep penalties for filing tax returns late, failing to pay taxes on time, or not depositing employment taxes correctly. However, several strategies can help you get those penalties removed—and in some cases, even refunded if you have already paid them.
Smart Solutions That Decrease Social Security and Medicare Taxes
Here are some important updates and strategies regarding Social Security and Medicare taxes that may significantly impact your business.
Best Practices When E-Filing Returns
Avoid future problems by following these best practices for e-filing.
Common Mistakes in Tax Preparation
Avoid errors that can occur when preparing tax returns by learning these common mistakes.
What Are Your Chances of Being Audited?
These red flags could increase your chances of the IRS selecting your return for audit.
March 2026 Tax Due Dates
March 2: Farmers and fishermen file 2025 tax return to avoid penalty if estimated tax not paid by January
March 10: Tips for February 2026 reported to employer
March 16: S-Corporations and partnerships file 2025 business tax returns
April 2026 Tax Due Dates
April 1: First required minimum distribution (RMD) by individuals who turned 73 in 2025
April 10: Tips for March 2026 reported to employer
April 15: 2025 tax return and pay tax due
April 15: File Form 4868 to request six-month income tax return filing extension (payment of tax not extended)
April 15: File Schedule H (1040) and pay employment taxes for household employees (file separately if Form 1040 is not filed)
April 15: Estimated tax payment for first quarter of 2026
April 15: Contribute to individual retirement account (IRA) for 2025
April 15: Withdraw excess IRA contributions in 2025 to avoid penalty if filing of form 1040 was not extended
April 15: Contribute to health savings account (HSA) for 2025
April 15: Contribute to solo 401(k) plan or simplified employee pension (SEP) plan for 2025 by self-employed if filing of form 1040 was not extended
April 15: File 2022 tax return (Form 1040) to request unclaimed tax refund for the 2022 tax year
May 2026 Tax Due Dates
May 11: Tips for April 2026 reported to employer (Form 4070)
May 15: Deadline for certain tax-exempt organizations on a calendar-year basis to file Form 990 series