What You Need to Know About the Qualified Tip Income Final Regulations
Tipping has long been a key part of income for many workers, but until now, it hasn’t come with much in the way of tax relief. However, the IRS’s newly finalized rules on qualified tip income offer the possibility of change. Under the 2025 tax law, this new provision...
Received an IRS CP53E Notice? Read This Before You Act
Recently, there has been a significant increase in clients receiving IRS Notice CP53E, which states that their 2025 Form 1040 refund could not be deposited into their bank account. However, in many cases, a refund was not due to the taxpayer receiving the notice. It...
Still Waiting on Your ERC Claim? Time Is Running Out—Take Action Now
If you filed a claim for the Employee Retention Credit (ERC) and still haven’t been paid, you are not alone. The ERC was designed to help businesses survive the financial impact of COVID‑19, but for many taxpayers, it has fallen short. The IRS was overwhelmed by...