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The One, Big, Beautiful Bill had a significant effect on federal taxes, credits and deductions. Millions of taxpayers reported earning tips and overtime on their tax returns, many of them are veterans and people working in lower wage jobs. This relief is intended to... Read More

The Employee Retention Credit (ERC), also sometimes called the Employee Retention Tax Credit or ERTC, is a refundable tax credit for certain eligible businesses and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic. The requirements to qualify for... Read More

The One Big Beautiful Bill Act (“OBBBA”) provided three new rules with respect to reporting and claiming itemized deductions resulting from charitable donation contributions. 1. The New 2/37ths Limitation Rule: Applying to ALL Itemized Deductions OBBA made changes to IRC section 68... Read More

The Sixth Circuit reversed the Tax Court’s dismissal of a petition that was filed more than 90 days after the IRS mailed the notice of deficiency, joined the Second and Third Circuits in holding that the deadline in section 6213(a) is not jurisdictional and remanded the... Read More

The IRS has provided taxpayers with a fact sheet (FS-2025-7) that answers frequently asked questions (FAQs) on the limitation on credits and refunds for employee retention credits claimed by taxpayers for the third and fourth quarters of 2021 and filed after January... Read More

When you file a joint income tax return, the law makes both you and your spouse responsible for the entire tax liability, which is called joint and several liability. The IRS provides innocent spouses equitable relief if appropriate. Joint and several liability... Read More