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If your business has ten or more W-2s and/or 1099s to process, you must file them electronically with the IRS.

Business owners are required to issue sub-contractors and/or non-corporations a 1099-NEC form.

Under the Corporate Transparency Act (CTA), certain limited liability companies (LLCs) and corporations are required to disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This law took effect on January 1, 2024.

Under the Corporate Transparency Act (CTA), certain limited liability companies (LLCs) and corporations are required to disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This law took effect on January 1, 2024.

For Single taxpayers and married individuals filing separately for the tax year 2025, the standard deduction rises to $15,000, an increase of $400 from 2024.

If you are self-employed or typically owe taxes when you file, consider prepaying each year's taxes through quarterly estimated payments. You can do this by sending 1040-ES payment vouchers or making electronic payments.

If you missed the tax filing deadline and owe money to the IRS, it is best to file your tax return as soon as possible. The IRS assesses multiple penalties and interest for each day that your tax return is late.

If you have damaged or lost property due to a federally declared disaster, you may be qualified to claim a casualty loss deduction and get a larger refund.

Find out the maximum contribution limit for all your IRAs in 2024.

A Coverdell Education Savings Account can be used to pay for qualified higher education expenses or qualified elementary and secondary education expenses.

Investing in solar panels not only helps the environment but also provides significant financial benefits through tax credits and lower energy costs. Stay informed about eligibility and the claims process to make the most of your transition to renewable energy. Embrace sustainability today for a brighter, more cost-effective future.

Find your tax refunds