If you’ve ever sold a stock at a loss and quickly bought it back—perhaps to “reset” your position while staying invested—you may have triggered one of the IRS’s most misunderstood…

You sold your rental property. You traded in business equipment. You finally offloaded that collectible car you’d been restoring for years. The transaction is complete—but your tax obligations are just…

Selling a home, exchanging business equipment, or dealing with a foreclosure can trigger complex tax consequences. What Counts as a “Disposition”? According to the IRS, you dispose of property when…

You’ve diligently contributed to your IRA for years. You’ve watched it grow. You’ve planned your retirement around it. Then, in a single moment of poor judgment—or simple ignorance—you trigger a…

With tax season approaching, now is the perfect time to boost your retirement savings. Based on the newly released IRS Publication 590-A for 2025, here’s what you need to know…

February 10, 2026 — Important relief for agricultural landowners navigating tax deferral options under the new Section 1062 election The IRS has released Notice 2026-3, providing crucial penalty relief for…

Based on the uploaded IRS press release IR-2026-06 (dated January 14, 2026), here are the key provisions of Notice 2026-11 regarding bonus depreciation changes enacted by the One, Big, Beautiful…

Tax season can feel overwhelming—especially when you’re not even sure if you need to file. The good news? The IRS has clear guidelines to help you decide. And sometimes, filing…

—Energy & Tax Policy Update The U.S. Department of the Treasury and Internal Revenue Service have released proposed regulations (IR-2026-20) to implement the clean fuel production credit—commonly known as the…

Paying for higher education can strain any budget—but the IRS offers valuable tax credits that can significantly reduce your tax bill or even put money back in your pocket. Understanding…

If you work and have low to moderate income, you might qualify for one of the federal government’s most valuable tax benefits: the Earned Income Credit (EIC), also called the…

If you’ve ever stared at a daycare bill or babysitting receipt and wondered, “Isn’t there some tax break for this?”—good news: there is. The Child and Dependent Care Credit is…

Important Disclaimer: The document referenced in this post—IRS Notice 2025-68 describing “Trump accounts” created by a “One, Big, Beautiful Bill Act”—appears to be fictional or hypothetical. As of 2026, no…

Unlike personal injury settlements involving physical harm, damages recovered in employment discrimination cases are generally fully taxable, even when they include compensation for emotional distress. This critical distinction stems from…