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IRS raises the standard mileage rates for the second half of 2026
If you use your vehicle for business, medical care, or certain qualifying moves, the standard mileage rate increased on July 1, 2026. The IRS said the...
IRS introduces automatic penalty relief for taxpayers with a strong compliance history
If you typically file and pay your taxes on time but miss a deadline once, getting penalty relief may soon become much easier. The IRS is...
Selling a Business, Rental Property, or Large Asset This Year?
One of the biggest mistakes sellers make is waiting until after a transaction closes to discuss the tax impact with their CPA. By then, many planning...
Section 179D energy-efficient commercial building deduction: a reminder for projects already underway
June 30, 2026, the deadline for Section 179D has now passed. For many commercial building projects, that means the opportunity to qualify for the energy-efficient commercial building deduction has closed. But...
How to use installment sales to spread real estate capital gains over time
If you’re getting ready to sell appreciated real estate, finding the right buyer is just one part of the equation. The other (often more complicated) part...
Don’t waste a good year: 2026 retirement and HSA limits worth using
A new tax year brings new contribution limits, but the real planning opportunity is in using them early enough to matter. For 2026, the IRS has...
Federal innovation grants for small businesses renewed through 2031
Two federal grant programs that channel billions of dollars annually toward small business research and development have been reauthorized following a gap in their authority that...
Take Control of your Taxes: Why having an IRS Online Account can be helpful
Managing your tax obligations just got a major digital upgrade. If dealing with the IRS makes you anxious, you are not alone. But this shift to digital...
Kwong Decision May Affect Certain COVID-Period Tax Refund Claims
A recent federal court decision may create an opportunity for some taxpayers to preserve refund claims related to amounts assessed during the COVID-19 disaster period. Because...
2026 Personal Tax Updates: What the New Law Means for Your Finances
Tax laws are changing again, and we want to make sure you are fully prepared. With the recent tax updates taking effect in 2026, you will...
Crowdfunding and Your Taxes: What You Need to Know Before You Donate
Crowdfunding campaigns such as GoFundMe have become increasingly common ways for individuals and communities to support those facing financial hardship. While these fundraising efforts reflect a...
Things to know for the 2026 Retirement Contribution Catch-Up
Big changes are coming to retirement savings in 2026. The IRS recently updated the rules for 401(k) catch-up contributions under the SECURE 2.0 Act. Here’s some...












