IRS Dirty Dozen Adds New Capital Gains Scheme for 2026
The IRS’s 2026 Dirty Dozen list is largely a mix of familiar schemes, from bad tax advice on social media...
New Schedule 1-A for Tips, OT, Car Loans, and Senior Deductions Published
Mar 12, 2026
The IRS published Schedule 1-A (Form 1040), Additional Deductions, along with updated instructions for Form 1040, U.S. Individual Income Tax Return, that explain how...
IRS Issues Higher 2026 Depreciation Limits for Passenger Automobiles
Mar 9, 2026
After issuing a decrease last year, the IRS on Tuesday posted slightly higher depreciation limitations for passenger automobiles. These limits...
Practical Tax Advice for Businesses as a Result of the OBBBA – 7
Feb 16, 2026
The QBI deduction lives on The highest federal corporate tax rate for 2025 is 21%, compared with the top federal...
Practical Tax Advice for Businesses as a Result of the OBBBA – 6
Feb 12, 2026
Qualified production property Finally, of note for maximizing depreciation, the act adds Sec. 168(n), which establishes a new category of property...
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