Deadlines, new law, and money-saving moves for business owners, professionals, and NRIs — written in plain English by the licensed team that files the returns.
Every December we meet people who ran out of runway. This year the list changes — new charitable rules, permanent 100% bonus depreciation, and a 0.5% floor that flips the usual giving advice.
No tax on tips and no tax on overtime are real — up to $25,000 and $12,500 of deductions — but your paycheck won't change. Here's how the money actually arrives, and the phaseouts that catch high earners.
The 1099-NEC threshold jumps from $600 to $2,000 for 2026 payments, and the 1099-K threshold is back to $20,000. What business owners should change now — and the trap freelancers need to know about.
Extended S corp and partnership returns were due September 15. If yours didn't go out, the penalty meter is already on — here's how to stop it, and how first-time abatement can wipe it entirely.
Extended 2025 returns are due October 15 — and there is no second extension. Here is the three-week game plan, what missing it actually costs, and what to do if you can't pay.
"No tax on tips" oversells it — the fine print decides whether you get $25,000 or $0. The real rules for all five new deductions: who qualifies, the phase-outs, why payroll tax still applies, and what to document before your W-2 lets you down.
The 20% QBI deduction is permanent and the Social Security wage base hit $184,500 — the two numbers that decide whether an S election pays. The honest decision grid, including the case where staying a plain LLC wins.
The $7,500 EV credit died September 30, 2025; the 30% solar credit ended December 31. But 2025 projects still count on extended returns, state and utility money never left, and business owners can now expense energy equipment outright.
Extended 1120-S and 1065 returns are due September 15, 2026 — and the late-filing penalty is $255 per owner, per month, even at $0 tax. What it costs, how abatement works, and the same-day Q3 estimate everyone forgets.
The extension deadline is October 15, 2026 — and 2025 returns are the first under the new tax law. New deductions for tips, overtime, seniors, SALT, and car loans apply retroactively, and the late-filing penalty is 10x the late-payment one.
100% bonus depreciation is back permanently, Section 179 doubled to $2.5M, R&D expensing returned with a refund-generating catch-up for 2022–2024, and the 20% QBI deduction is permanent. The year-end moves that make each one count.
FinCEN's final rule, effective August 14, 2026, permanently exempts every U.S.-formed company from beneficial ownership reporting. What ended, who still files, and the BOI fee-letter scams to throw in the trash.
Avoid paying thousands of dollars by estimating your taxes quarterly and proactively planning your taxes.
How Employee Stock Ownership Plans (ESOPs) motivate staff and support succession, plus business continuity planning and key tax updates.
How to file a tax extension with IRS Form 4868, what extra time it gives you, and why an extension to file is not an extension to pay.
Tax avoidance is legal; tax evasion is not. How deductions, credits, and exemptions lower your tax bill while keeping you compliant.
A plain-English guide to Form 1040, the IRS form every individual files: what it reports and how it decides whether you owe or get a refund.
Unfiled prior-year returns bring penalties, interest, and IRS enforcement. How a tax professional gets you caught up and back in good standing.
IRS penalties can punish honest mistakes. The most common ones, like failure to file, and practical ways to avoid or reduce each one.
Archive: how high earners used solar sale-leaseback deals to cut taxes. The residential credit ended after 2025, so get current advice first.
Real estate or the S&P 500? The pros and cons of each, with both at all-time highs, to help you decide which investment fits you.
Year-end moves like maxing out your HSA can cut this year's tax bill, and compounding the savings for 25 years turns $100K into far more.
Our curated list of personal finance books, from A Random Walk Down Wall Street onward, to help you save, invest, and retire smarter.
Archive of the 2024 filing season changes, with an update for 2025–2026: new standard deduction, the $40,000 SALT cap, and new deductions.
Taxagon's Black Friday comparison cheat sheet: the best deals on tech and home essentials, so you save on everyday purchases as well as taxes.
Most businesses that are officially registered with their secretary of state will need to complete a BOI report.
Effective tax rate, lifetime tax rate, and return on hassle: three simple ideas that change how you think about saving on income taxes.
Purchasing solar projects offers significant benefits for individuals looking to reduce their taxes
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Owed a big tax bill? Understand why, check your refund, and join our live Q&A on tax optimization strategies for tech employees.
Business owners often put tax planning on the back burner, leaving money on the table. What tax planning is and why it pays to do it early.
What tax planning is, why it can lift investment returns, and how to legally reduce the tax on realized gains and ordinary income.
