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Strengthen Your Practice’s Security: IRS Urges Tax Professionals to Update Data Protection Plans
Tax pros, secure your practice! Update your security plan, use multi-factor authentication, and ensure data protection for your clients.
Rio Bayani
Jan 233 min read
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IRS Disaster Relief: Key Filing Dates for Affected Taxpayers in 2025
IRS disaster relief extends filing deadlines for affected taxpayers to Feb. 3 or May 1, 2025. Payments due by original deadlines.
Rio Bayani
Jan 213 min read
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Business Tax Account Now Available for Corporate Designated Officials: Key Updates for Taxpayers
The IRS expands Business Tax Account access to Designated Officials, offering tax management tools for corporations & sole proprietors.
Rio Bayani
Jan 164 min read
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Prepare for Tax Season 2025: Steps to Take Now for a Smoother Filing Process
Prepare for tax season 2025 by setting up your IRS Online Account, organizing tax docs, and understanding key filing changes.
Rio Bayani
Jan 144 min read
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IRS Free File: A Taxpayer's Guide to Filing Your Taxes for Free in 2024
File your taxes for FREE with IRS Free File! Open now for taxpayers with an AGI of $84,000 or less. Start today at IRS.gov/freefile!
Rio Bayani
Jan 104 min read
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IRS Announces 2025 Standard Mileage Rate Increases for Business Use
IRS increases 2025 standard mileage rate for business use to 70¢ per mile. Medical, moving, and charitable rates remain unchanged.
Rio Bayani
Jan 93 min read
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Business Owners: Don’t Miss the BOIR Filing Deadline!
Business owners: Ensure compliance with BOIR filing requirements by January 13, 2025, to avoid penalties.
Rio Bayani
Jan 72 min read
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IRS Reminder: Maximize Your 2025 Healthcare FSA Contributions for Tax-Free Savings
Maximize your 2025 FSA savings! Contribute up to $3,300 for tax-free medical expenses. Don’t forget to elect during open enrollment!
Rio Bayani
Dec 23, 20244 min read
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IRS Announces 2025 Retirement Savings Contribution Limits – What You Need to Know
The IRS 2025 retirement limits include a $23,500 401(k) cap, higher catch-up contributions, and changes to IRA eligibility and credits.
Rio Bayani
Dec 20, 20244 min read
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Understanding the Energy Efficient Home Improvement Credit: What You Need to Know
Learn about the Energy Efficient Home Improvement Credit and how to save on upgrades while enhancing your home's efficiency!
Rio Bayani
Dec 16, 20243 min read
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IRS Grants Filing Exception for Tax-Exempt Organizations: What You Need to Know
Tax-exempt organizations are exempt from filing Form 4626 for 2023! Learn what this means for your tax obligations.
Rio Bayani
Dec 13, 20242 min read
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IRS Launches Pass-Through Compliance Unit: What Taxpayers Need to Know
The IRS launched a new Pass-Through Compliance Unit to enhance audits of partnerships, S-corporations, and trusts. Stay informed!
Rio Bayani
Dec 9, 20243 min read
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Understanding the Sustainable Aviation Fuel Credit: A Guide for Taxpayers
The IRS issued guidance on the Sustainable Aviation Fuel Credit, offering $1.25 to $1.75 per gallon for fuels reducing emissions by 50%.
Rio Bayani
Dec 6, 20243 min read
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IRS Announces Tax Inflation Adjustments for 2025: What You Need to Know
The IRS announced 2025 tax inflation adjustments, including higher standard deductions and EITC. Get ready for tax season 2026!
Rio Bayani
Dec 2, 20243 min read
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Understanding the Advanced Manufacturing Investment Credit: A Guide for Taxpayers
Discover the Advanced Manufacturing Investment Credit! Invest in U.S. semiconductor facilities and claim 25% of qualified expenses.
Rio Bayani
Nov 29, 20243 min read
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IRS Reminder for Educators: Deduct Up to $300 in Classroom Expenses for 2024
Teachers can deduct up to $300 for classroom expenses in 2024. Keep those receipts handy for this valuable tax relief!
Rio Bayani
Nov 25, 20242 min read
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Inflation Reduction Act: IRS Two-Year Report Card
The IRS has made major strides in service and technology, helping taxpayers interact digitally and claim benefits more easily.
Rio Bayani
Nov 22, 20242 min read
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Understanding Tax Guidelines for Crowdfunding Contributions and Distributions
Understanding crowdfunding tax implications is crucial. Know how to report income and keep accurate records to avoid surprises!
Rio Bayani
Nov 19, 20242 min read
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SECURE 2.0 Act Changes: What Businesses and Employees Need to Know About Forms W-2
The SECURE 2.0 Act brings key changes to Forms W-2, impacting how businesses report retirement contributions. Stay informed!
Rio Bayani
Nov 15, 20243 min read
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Enhancing Taxpayer Service: How the Inflation Reduction Act is Making a Difference
Discover how the Inflation Reduction Act is modernizing IRS services, making it easier for taxpayers to access clean energy credits!
Rio Bayani
Nov 12, 20242 min read
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