Category: Blog Archive

As the IRS recently reminded taxpayers through its national tax-security outreach, tax scams continue to evolve — and they remain a year-round concern for individuals, businesses, and tax professionals. While the IRS’s annual awareness campaigns highlight seasonal risks, the larger message is ongoing: cybercriminals are refining their methods, targeting financial credentials, and exploiting confusion about

Intuit, the maker of TurboTax, QuickBooks, Credit Karma, and Mailchimp, has entered a $100 million multiyear partnership with OpenAI to integrate generative AI into its suite of financial tools. The collaboration, announced November 18, 2025, aims to deliver more personalized, AI-driven financial experiences for both individuals and businesses. For business owners, this partnership represents more

Signed into law by President Donald J. Trump on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) ushers in a new era of federal tax policy with wide-ranging consequences for businesses of every size. The legislation consolidates numerous corporate, pass-through, and international tax provisions into a single reform package—changing how companies calculate taxable income,

The familiar paper tax refund check—long a staple of filing season for millions of Americans—is about to be phased out. The Internal Revenue Service has confirmed that beginning September 30, 2025, paper checks for individual tax refunds will start disappearing, as the agency moves to a fully digital refund system. This change is not just

The IRS has long classified cryptocurrency and NFTs (non-fungible tokens) as property, taxed under capital gains rules—but recent enforcement steps suggest its appetite for digital asset oversight is intensifying. Here’s a deep dive into how the IRS treats crypto and digital assets, what’s shifting in 2025, and what taxpayers should know. Digital Assets Are Property

In an age when social media is becoming more of a source of financial and legal advice for millions of Americans, the IRS is issuing an unambiguous warning: TikTok is not your tax advisor. From viral refund “hacks” to misleading deductions promoted by self-styled influencers, the IRS says bad tax advice circulating on platforms like

The short answer? It’s not finalized yet — and even when it happens, it probably won’t be in the way most people assume. While federal proposals have advanced in both the House and Senate to change how tip income is taxed, these bills are still in negotiation, and the details vary dramatically. The bigger story:

In April 2025, President Donald Trump announced sweeping new tariffs on foreign imports, marking a major shift in U.S. trade policy. A 10% universal tariff on all imported goods began on April 5, with additional “reciprocal tariffs” targeting specific countries, starting April 9. These tariffs are aimed at countering what Trump described as decades of