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IRS Enhances Taxpayer Rights In March 2025, the House passed H.R. 998 , also known as the Internal Revenue Service Math and Taxpayer Help Act . The Senate has since followed, and the bipartisan bill now awaits the president’s signature. This legislation directly addresses long-standing taxpayer frustrations with how the IRS issues and manages “math error” notices —automated corrections to tax returns that can result in unexpected balance due notices or refund changes without

California Expands Retirement Contribution Deductions California has taken a major step toward federal tax conformity with the passage of SB 711 , updating the state’s conformity date from January 1, 2015, to January 1, 2025 . This long-awaited change brings California in line with several Secure Act and Secure 2.0 Act provisions that expand deductions for retirement contributions. Key Conformity Changes Starting in 2025 "California Expands Retirement Contribution Deduction

General Business Income Tax Deductions The purpose of this article is to get the IRS to owe you money. Of course, the IRS will not likely cut you a check for this money—although, in the right circumstances, that will happen. But in most cases, you’ll probably realize the cash when you pay less in taxes. This article gives you six powerful business tax deduction strategies you can easily understand and implement before the end of 2025. 1. Prepay Expenses Using the IRS Safe Har

California Updates CPA Licensing Rules We’re covering two major professional regulation changes — new CPA licensing requirements and expanded exemptions from California Tax Education Council ( CTEC ) registration. Both measures were enacted through AB 1175 and SB 788 , and they mark significant shifts for accounting and tax professionals across the state. Easier Path to CPA Licensure Under AB 1175 Beginning January 1, 2027 , new CPA applicants in California will have the opt