Financial News

Estate planning discussions often focus on the federal estate tax exemption, but most families face different challenges when transferring wealth. Probate fees, state-level taxes, capital gains [...]

Notice 2025-72 issues guidance on foreign tax rules tied to the one-month deferral repeal and updates the section 987 amortization election.

A new federal requirement will eliminate most paper checks for tax payments and refunds starting with 2025 returns. Here’s what this transition to electronic payments means, how refunds will be [...]

The revised instructions address changes to the treatment of §174A domestic research expenditures and align with prior IRS guidance and clarifications on reporting requirements.

The IRS has introduced a new federal income tax deduction for qualified overtime compensation, effective for tax years 2025 through 2028. Eligible workers can deduct up to $12,500 (or $25,000 on [...]

S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes, the [...]

Car loan interest deduction, OBBBA and IRS proposed rules—learn who qualifies, income limits, vehicle requirements and what it means for taxpayers.

RSM US outlines IRS guidance in Notice 2026-11 on restored 100% bonus depreciation and key timing and eligibility rules.

The IRS recently issued new guidance clarifying how the permanent 100% bonus depreciation deduction will work moving forward. This allows businesses to fully deduct the cost of qualified property [...]

For most people, tax season brings a quiet panic about what they might be forgetting and a last-minute rush to pull everything together before the deadline. But it doesn't have to be that way. [...]