Are you worried about past-due taxes or unfiled international forms? The IRS just announced a major update to its Voluntary Disclosure Practice (VDP) that could streamline your path back to compliance and provide peace of mind. We’ve all been there—sorting through a stack of mail or old digital files and realizing with a sinking…
Navigating California’s 2025 Tax Changes? We’ve broken down the essential updates from the CDTFA, including new rates for cannabis, sales tax, and fuel, plus important new fees and program deadlines. Keeping up with tax changes can feel like a full-time job, right? Just when you think you’ve got everything figured out, new rules and…
Trump’s Tax Plan 2025: A Deep Dive into the New ‘Build Back Better’ Proposals The 2025 tax landscape is shaping up to be a topic of intense discussion, and a significant new set of proposals under the ‘Build Back Better’ banner, associated with Donald Trump’s platform, is drawing considerable attention. These proposals suggest some…
Navigating the Top California Tax Changes for 2025: An Essential Guide The 2025 tax year is shaping up to be one of the most pivotal and complex periods for California taxpayers in recent memory. A perfect storm of expiring federal provisions, significant state-level legislative proposals, and crucial inflation adjustments creates a landscape of uncertainty…
The IRS audit risk is a growing concern for many taxpayers, especially with the significant funding boost from the Inflation Reduction Act. The IRS is now enhancing its enforcement capabilities, and a key part of this strategy involves leveraging artificial intelligence to identify non-compliance. This means the audit risk for certain groups is expected to…
The Internal Revenue Service (IRS) is heading into 2025 on a contradictory path. On one hand, it’s empowered by significant funding from the Inflation Reduction Act (IRA) to enhance services and enforcement. On the other, it faces potential budget cuts, workforce reductions, and shifting priorities due to political pressures. For U.S. taxpayers and businesses, this…
