Individual taxes, Tax Rates
What the 2025 IRS Inflation Adjustments Mean for Your Tax Bracket, Deductions, and Credits Every year, the IRS updates federal tax brackets, standard deductions, and contribution limits to account for inflation. These adjustments help taxpayers avoid “bracket creep,”...
Estimated Payments, Individual taxes
Estimated Tax Payments for High-Income Individuals: What You Need to Know in 2025 The estimated tax payment rules for high-income individuals can feel complicated, but understanding them is crucial to avoid penalties and interest. In this post, we’ll explain how...
Business taxes, Individual taxes
IRS Enforcement 2025: 4 Steps High-Income Taxpayers Must Take Now IRS Enforcement 2025: 4 Steps High-Income Taxpayers Must Take Now The IRS enforcement 2025 campaign is underway, and high-income individuals, entrepreneurs, and owners of complex partnerships are...
Business taxes, Individual taxes, Interest and Penalties, Liens and Levies, Tax Debts and Collections
Tax season comes around every year whether you are ready or not. Most people prepare and file their returns on time every year. Maybe you are one of those people who, for any number of reasons, never got around to filing your return. Once you missed one return, the...
Business taxes, Individual taxes, Tax Debts and Collections
The IRS has announced that it is currently experimenting with expanded criteria for streamlined processing of taxpayer requests for installment agreements. Among the expanded criteria for streamlined processing are individual taxpayers with an outstanding tax balance...
