Bonus depreciation and Section 179 both allow immediate write offs, but the tax results are very different. Learn which works better after OBBBA and how California taxes change the answer.

Form 1099-DA reports crypto proceeds only. Taxpayers must still provide cost basis, dates, and wallet activity to report gains correctly. Learn what is required and why.

Qualified Production Property under the One Big Beautiful Bill Act allows manufacturers to deduct production building costs immediately. Learn how businesses can benefit from 2025 through 2030.

Which vehicles qualify for the new auto loan interest deduction under OBBBA? Learn the required vehicle type, weight limits, new vehicle rules, and United States manufacturing requirement.

New 529 plan rules expand eligible education expenses beyond college to include professional licenses, trade certifications, and vocational programs. Learn how these tax changes affect education planning.

The new federal tip income exclusion applies only to workers outside Specified Service Trades or Businesses. Learn who qualifies, common edge cases, and why SSTB employees are excluded.

Covered California premiums are rising in 2026 after Premium Tax Credit changes. See real monthly increases by ZIP code for Bronze Silver and Gold plans across California.

Aggressive charitable deductions are easy for the IRS to challenge and disallow. Learn why taxpayers routinely lose noncash donation cases and how stricter 2026 rules increase audit risk.

Specified service businesses face income based limits under Section 199A. Learn how SSTB rules apply after the One Big Beautiful Bill Act made the deduction permanent.

Section 199A is now permanent under the One Big Beautiful Bill Act. Learn how the qualified business income deduction applies to sole proprietors, S corporations, partnerships, and specified service businesses after 2025.

When a foreign person sells real estate located in the United States, special tax withholding rules apply at both the federal and state levels. These rules often surprise sellers and buyers alike because the tax is withheld at closing based on the gross sales price rather than the actual gain. Understanding how these rules work in advance can prevent cash flow surprises and compliance issues during escrow.

Congress has created a brand new tax deduction for personal car loan interest as part of the One Big Beautiful Bill Act, signed into law on July 4, 2025. This deduction did not previously exist under federal tax law. The IRS proposed regulations known as REG 113515 25 explain how the new law passed by Congress will be administered and enforced.

In Estate of Spenlinhauer v. Commissioner, T.C. Memo. 2025-134, the United States Tax Court upheld a multimillion dollar estate tax deficiency and penalties against both an estate and its executor personally. The case illustrates how delayed filings, unsupported valuations, and improper asset transfers can expose executors and beneficiaries to severe financial consequences long after a death occurs.

The California Franchise Tax Board has released proposed amendments to California Code of Regulations Title 18 section 17951-7 addressing how gains and losses from real property are sourced for nonresidents.

Although described in part as clarifications and technical revisions, the proposed amendments are significant and substantive. They materially reshape how California sources both deferred and recognized gain involving California real property, including transactions arising from like kind exchanges under Internal Revenue Code section 1031 and involuntary conversions under Internal Revenue Code section 1033.

Federal law allows new deductions for overtime and tip income starting in 2025, but California does not conform. Learn why California workers must add these amounts back on their state return.

Selling on Amazon FBA can create California tax nexus even if you live out of state. Learn how inventory stored in California can trigger the $800 annual LLC tax.

A recent Tax Court case shows why real estate professional status depends on documentation, qualifying work, and proper planning before rental losses are claimed.

IRS Notice 2026-5 explains how the One Big Beautiful Bill Act expands HSA eligibility through telehealth relief, ACA bronze and catastrophic plans, and direct primary care arrangements.

Learn how Trump Accounts work under IRS Notice 2025-68, including the $1,000 federal seed money, state and charitable contributions, employer funding, growth period limits, and how Draft Form 4547 will be used for the election.

A detailed overview of the new charitable giving rules under OBBBA, including the non itemizer deduction, new AGI floors, high income limitations, and strategies for timing charitable gifts in 2025 versus 2026.