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The One Big Beautiful Bill Act (OBBBA) establishes Trump Accounts, which are basically traditional IRAs with some twists for under-age-18...

Charity Scams After Disaster Disasters can happen anytime and anywhere, and while many step up to help survivors, scammers often exploit...

Roth Catch-Up Contributions On Sept. 15, 2025, the IRS and Treasury issued final regulations under SECURE 2.0 that require certain...

U.S. Tax Obligations for Individuals Abroad The United States is one of the few countries that taxes its citizens and residents on...

Tax Obligations of U.S. Individuals Living and Working Abroad This session gathered senior IRS specialists and counsel to address...

OBBBA Every major tax bill creates both opportunities and challenges for taxpayers. The One Big Beautiful Bill Act (OBBBA) is no...

California Sourcing Income Starting in 2026, the California Franchise Tax Board (FTB) will apply new rules for determining how much of a...

Online account for individuals Consolidating Tax Records in One Place In the spring of 2025, the IRS began adding information return...

OBBBA’s New 1099 Filing Rules The IRS requires that information returns on Form 1099-NEC be filed when payments above a certain threshold...

Taxpayer Penalties Failure to File Penalty : 5% of the unpaid tax per month (or part thereof), up to a maximum of 25% of the tax due. If...

Installment sales When you sell property and get paid over time instead of all at once, the IRS requires you to report it using Form...

Tax Rules Every Player Must Know NATP - Ann Campbell, CPA and CIA, delivered a comprehensive overview of the taxation and reporting of...

Internal Revenue Bulletins By: National Association of Tax Professionals The IRS just announced the quarterly interest rates (unchanged...

Small Business Stock The One Big Beautiful Bill Act (OBBBA) gives tax-favored qualified small business stock (QSBS) its biggest upgrade...

Treasury Announces Federal Government Will Phase Out Paper Checks on September 30th The U.S. Department of the Treasury has announced...

MFS (Married Filing Separately) When it comes to taxes, the default advice for married couples is simple: filing jointly usually produces...

September isn’t just the start of cooler weather—it’s also the deadline for third-quarter estimated tax payments . The IRS requires these...

Don’t scroll past—this matters : What part of your overtime pay just became tax-deductible? Starting January 1, 2025 , a portion of your...

Tips Deduction On September 3, 2025 , the U.S. Treasury Department released its proposed list of 68 occupations that may qualify for the...

By: National Association of Tax Professionals · Form K-1 Interpreting partnership reporting often requires navigating code references...