Thanks to main media and even the IRS, many people are familiar how on Americans miss over $1 billion dollars each year in unclaimed tax returns (missing tax credits, lost or undelivered checks, not filed return when there is a refund, etc.). Remember that if a tax refund is not claimed within the three-year period,
Last night, President Trump officially ended the longest government shutdown in U.S. history. Federal employees are now returning to work — including national park staff and rangers, air traffic controllers, CBP officers, military personnel, and many others across agencies such as HHS, HUD, DOE, and EPA. Travelers can also breathe a sigh of relief: with
When the One Big, Beautiful Bill Act (OBBBA) was passed on July 4th, 2025, all the tax professionals focused on the new tax deductions (i.e. car interest deduction, no tax on overtime or tips, etc.), extension to some of the Tax Cuts and Job Act tax benefits, and other relevant items (i.e. new estate tax
The IRS has released the updated per diem rates for taxpayers who travel for business, effective October 1, 2025 through September 30, 2026. These rates apply to travel away from home for ordinary and necessary business purposes and are used to simplify expense reimbursements for lodging, meals, and incidental expenses. High-cost localities: Daily total allowance
As Halloween creeps up tomorrow, we’re reminded that not all the ghouls and goblins lurk in haunted houses—some hide behind nonprofit status. These organizations “trick” donors with good intentions while failing to “treat” the communities they claim to serve. In earlier posts, we’ve shared ways to protect yourself from these fundraising frights—like understanding the differences
A year ago, we indicated how the IRS and other government organizations were increasing regulations for digital assets and crypto brokers in our blog. Now we can confirm the specific reports, instructions and the due date for these tax forms. Beginning with transactions in calendar year 2025, brokers who facilitate digital asset transactions (such as
We told you already back in May 2025, but now it’s a reality. This shift is part of the government’s broader transition to electronic payments—a change we previously warned our readers about in our earlier blog post Federal Payments Are Going Fully Digital. The IRS and U.S. Treasury have officially announced that paper refund checks
As part of the government shutdown, now it is the time for the IRS to furlough more than half of its employees. The reason for this five business days delay is due to the IRS contingency plan to keep running for a few business days before broader furloughs kicked in, called "lapse appropriations contingency plan".
If you are a reader of our blog, you are familiar some of the high-profile tax breaks from the One, Big, Beautiful Bill Act (OBBBA) such as extensions of TCJA (Tax Cuts and Jobs Act) provisions, an expanded SALT (State And Local Taxes) deduction cap, and even new benefits for tips and overtime. However, one
In recent years, natural disasters have become more frequent and more severe—bringing not only emotional and physical challenges, but also financial and tax consequences. While recovery takes time, understanding the IRS rules for disaster relief and knowing how to respond financially can make a meaningful difference. From extended deadlines and potential deductions to making sure
