IRS Business Tax Account Now Open to Partnerships

Byadmin 04/11/202604/11/2026

Can my partnership or nonprofit now access the IRS Business Tax Account? Yes — the IRS Business Tax Account has expanded in 2026 to include partnerships, government entities, and tax-exempt organizations, giving millions more entities digital access to their federal tax information without relying on paper or phone. For years, small business owners, CPAs, and…

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Business Tax

How to Reverse Your 163(j) Election: Claiming Your Lost Bonus Depreciation

Byadmin 03/27/202603/27/2026

Rev. Proc. 2026-17 Explained: How to Reverse Your § 163(j) Election! Are you feeling stuck with a past tax election that no longer serves your business? Discover how the new IRS guidance lets you undo your real property or farming business interest elections and reclaim massive depreciation benefits. Let’s be completely honest—navigating the…