Trump’s 2025 Tax Proposals: Key Changes That Could Transform U.S. Tax Policy
Trump's 2025 Tax Proposals: The 2024 election cycle has concluded with a strong Republican victory, positioning President-elect Donald Trump to advance his tax reform...
401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
The IRS has announced updated contribution limits for retirement plans in 2025, allowing individuals to save more for their futures. The 401(k) contribution limit...
Form 8990: Limitation on deduction for Business Interest Expense
Form 8990 is a crucial IRS form that helps businesses to calculate their interest expense deductions under the Tax Cuts and Jobs Act (TCJA)....
LLC Pass-Through Taxation: Key Lessons from a Recent Tax Court Case
LLC pass-through taxation allows business owners to simplify their tax filing process by reporting the income of the business directly on their personal tax...
IRS Tax Tips: Emergencies, Disaster Relief, and Protecting Your Financial Records
IRS Tax Tips for Emergency: Disasters can happen suddenly, causing a lot of chaos and problems. For businesses, being ready for emergencies is super...