Learn how cryptocurrency traders may qualify as a Section 162 trade or business, how courts define trader status, what IRS guidance exists, and how taxpayers can build a defensible crypto trading business under current law.

A detailed examination of middle class tax benefits under the One Big Beautiful Bill, including expanded SALT deductions, Child Tax Credit updates, Schedule 1-A deductions, charitable rules, retirement and education changes, and key planning steps for 2025 and 2026.

A clear overview of the 2026 Medicare Part A, B, and D premium increases and IRMAA thresholds, with charts that show the key income levels that affect premiums and year end tax planning decisions for taxpayers.

An overview of the IRC §139L 25% interest exclusion for qualified rural and agricultural real estate loans, including qualification rules, property use standards, and planning considerations for lenders and borrowers.

A taxpayer focused explanation of the GENIUS Act, detailing the new federal rules for payment stablecoin issuers, reserve requirements, disclosures, and what individuals should know when using stablecoins.

Comprehensive overview of federal education tax benefits for 2025, including the AOTC, LLC, student loan interest deduction, §529 plans, Coverdell ESAs, scholarship rules, and OBBBA education changes. Learn how to coordinate benefits and maximize tax savings.

IRS Notice 2025-67 raises 2026 contribution limits for 401k plans, 403b plans, governmental 457 plans, SIMPLE and SEP IRAs, traditional IRAs, and Roth IRAs. Includes updated catch-ups for ages fifty and sixty through sixty three, new income phase outs, and expanded saver credit limits. Learn how these changes affect tax planning for 2026.

IRS Revenue Procedure 2025 31 confirms that properly structured investment and grantor trusts may stake digital assets without reclassification as business entities, preserving pass through tax treatment for staking rewards beginning with tax years ending on or after November 10, 2025.

Learn how Section 1231 gains and losses are taxed under 2025 law, why they matter for real-estate and business sales, and how to optimize timing.

A step-by-step guide for employers to create an IRS-compliant accountable plan so employee business and travel expenses are reimbursed tax-free, even after the permanent end of miscellaneous itemized deductions.

In T.C. Memo. 2025-82 the Tax Court disallowed $46,147 in unreimbursed travel expenses claimed by a W-2 employee under IRC §§62(a)(2) and 67(g). Learn the employee vs trade-or-business distinction, reimbursement plan requirements and deduction risk.

In Young v. Commissioner (T.C. Memo. 2025-95), the Tax Court denied deductions because the taxpayers failed to demonstrate a profit motive and lacked organized records. The ruling highlights that good intentions do not substitute for disciplined accounting and documentation.

A complete 2025 year-end tax planning checklist to reduce taxes and meet deadlines. Includes RMDs, Roth conversions, charitable giving, gifting, and more.

Congress has passed the Internal Revenue Service Math and Taxpayer Help Act (H.R. 998)—a bipartisan reform aimed at improving IRS communication with taxpayers. The bill requires the IRS to make math and clerical error notices clear, specific, and easy to understand. This legislation benefits taxpayers by reducing confusion, helping them respond accurately, and avoiding unnecessary penalties.

Mortgage points—sometimes called discount points—are fees paid to a lender at closing to obtain a lower interest rate. Each point equals 1% of the loan principal.

Points can represent either:

• Prepaid interest, which may be deductible, or

• Origination or service fees, which are not deductible.

The tax treatment depends on how the property is used and the purpose of the loan.

The One Big Beautiful Bill Act preserved many TCJA benefits, but charitable deduction limits will still tighten in 2026. Accelerating contributions this year can capture higher deduction value while the 60 percent AGI rule remains in effect.

The wash sale rule under Internal Revenue Code §1091 limits when capital losses can be deducted, but investors can still maintain market exposure through correlated securities. This article explains how to use substitution strategies to harvest losses responsibly, outlines the benefits and risks, and reviews current crypto exceptions and proposed legislation.

In Seddiqui (2024), a Bay Area couple faced a familiar problem: selling a longtime home without complete records of decades of improvements. The OTA’s precedential opinion explains when the Cohan rule allows credible estimates and when it does not.

The OTA’s Ajith (2024) decision involved only $5,924 of tax, but its lesson is far bigger: California residency turns on facts. A student’s claim of non-residency failed when the FTB showed his “closest connections” still pointed to California.

IRS 2026 inflation adjustments and One, Big, Beautiful Bill overview by a CPA