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The IRS has officially released Revenue Procedure 2026-35, detailing the inflation-adjusted tax items for the 2027 tax year. If you’re looking to optimize your tax strategy, plan for major life…

If your company sponsors a retirement plan, you know that operational hiccups can happen. Fortunately, the IRS provides a safety net: the Employee Plans Compliance Resolution System (EPCRS). The IRS…

A recent Tax Court case shows how families can deduct around-the-clock caregiver costs — but only if the paperwork supports it. When a loved one develops severe dementia, families often…

A recent Tax Court case shows that keeping a mileage log is only half the battle—and guessing later won’t save your deduction. The Setup Michael Houchin was between truck-driving jobs…

T.C. Memo. 2026-105 (West v. Commissioner), filed October 7, 2026 Andrew B. West managed businesses for Texas businessman Oscar Leo Quintanilla, owned several LLCs of his own, and in 2014…

When you sell business property at a gain, you might expect the entire profit to be taxed at favorable capital gains rates. However, the IRS has a rule that can…

When a marriage ends, dividing up the house, the retirement accounts, the investments, and everything else is one of the most emotionally loaded and financially significant parts of the process.…

Divorce or separation changes a lot of things — and your taxes are no exception. Every year, newly divorced and separated taxpayers get surprised by an unexpected balance due simply…

When we think of landmark Tax Court cases, we usually think of massive corporate tax shelters or complex international transfer pricing disputes. But sometimes, the most educational cases are those…

If you’ve been burning the midnight oil or picking up extra shifts, you might have heard about the “No Tax on Overtime” initiative. Thanks to recent legislative changes, a new…