The IRS issued guidance on new deductions in the One Big Beautiful Bill Act for tipped and overtime pay for the 2025 tax year ...

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

Getting advice from a good tax pro is worth it. They can help you squeeze the most out of your LLC tax benefits and keep you ...

Buffalo Business First Publisher John Tebeau sat down with four Western New York financial minds to get a read on how to wrap-up the year and anticipate what is to come in 2026.

Examines the U.S. Tax Court case involving microcaptive in Patel v. CIR, 165 T.C. 10 (Nov. 12, 2025) where the 40% penalties were assessed.

While many people give because they want to do good, the tax rules around philanthropy have always been an added sweetener.

Selling something that has shot up in value — think appreciated stocks, bitcoin bought for pennies, a rental building, or a ...

Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for ...

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce debate among lawmakers in Washington. The focus on the write-off is now ...

High-income residents of Democratic-leaning states are poised to get unusually large tax refunds early next year, thanks to the relaxed cap on state and local tax deductions. There are moves people ...

The AICPA asked the IRS and Treasury to provide guidance on the reporting and substantiation requirements for deductions of qualified tips and overtime pay allowed under the sweeping new tax law, ...