Articles and News
Estate Planning: Trusts, Taxes and Basis Step-Ups
Article on how trusts affect estate taxes and basis step-up. Explanation of the trade-offs between estate tax and capital gains taxes.
Summary of the One Big Beautiful Bill’s Tax Provisions
A summary of the One Big Beautiful Bill Act that Trump signed into law on July 4, 2025. This Act includes significant tax provisions impacting individuals and businesses. This bill prevents tax increases on 62% of taxpayers due to the expiration of 2017 tax provisions and provides new tax benefits available to most Americans.
President Trump’s Current Tax Plan
Outline and summary of President Trump’s Current Tax Plan
Tax Preparer Due Diligence Penalties—Part II
How Tax Preparers can avoid IRS penalties and How Tax Preparers can oppose the imposition of penalties.
Tax Preparer Due Diligence Penalties-Part 1
Tax Preparer penalties that can be imposed by the Internal Revenue Service.
Online sellers--IRS Delays Reporting Requirement
IRS delays $600 Form 1099-K reporting rule on Venmo, PayPal
Alabama Tax Audit Targets
How does the Alabama Department of Revenue choose taxpayers for audit.
IRS Expat Filing Program--Amnesty
IRS Streamlined Filing Program for Expat non-filers seeking amnesty on income tax filings and FBAR.
Changes in Alabama Corporate Income Tax
Alabama passes changes to its taxation of corporations, including apportionment of multi-state income.
More IRS Audits
IRS audits have increased in recent months, especially for higher-income taxpayers, corporations, and partnerships.
IRS--Back to the Office, Appeals and Tax Court
IRS employees are going back to their offices and backlogged Tax Court cases are being assigned to Appeals.
Implications of New Build Back Better Plan
Summary of the latest Build Back Better Act Tax Provisions and Impact.
IRS Funding, Audits and Bank Accounts
Spending Proposals IRS budget increase will result in more audits and more information reporting requirements for banks.
Second Round of PPP
The Second Round of Paycheck Protection Program loans is available to help individuals and businesses affected by COVID.
SBA PPP Loans-Funding and The Self-Employed
COVID-19 SBA Paycheck Protection Loans for the Self-Employed
IRS COVID-19 People First Initiative
IRS COVID-19 Tax Relief and the People First Initiative
IRS Extends Tax Due Dates
Internal Revenue Service extends due dates for filing and paying