A little-known federal tax case, Kwong v. United States, has suddenly become one of the most-discussed issues among tax professionals in 2026. While the case itself started as a dispute involving one … [Read more...] about The Kwong Case: A Tax Court Ruling That Could Impact Millions of Taxpayers
Lawmakers Punish Employers: Break-Room Coffee Not Deductible
Congress has quietly turned a long-standing, commonsense business practice into a tax trap: starting in 2026, employers will lose the deduction for ordinary break-room coffee and snacks—even though … [Read more...] about Lawmakers Punish Employers: Break-Room Coffee Not Deductible
Don’t Take Tax Advice from Social Media: A Warning from the IRS Dirty Dozen
Each year, the IRS releases its “Dirty Dozen” list—a warning to taxpayers about the most common scams, schemes, and pitfalls that can lead to mistakes, penalties, or even audits. One of the key items … [Read more...] about Don’t Take Tax Advice from Social Media: A Warning from the IRS Dirty Dozen
What is a Government Shutdown — and Why It Matters
When Congress fails to pass appropriations or a continuing resolution to fund federal agencies beyond September 30, non-essential (“discretionary”) operations must pause. Essential services—such … [Read more...] about What is a Government Shutdown — and Why It Matters
OBBBA Expands Tax Benefits of Qualified Small Business Stock
Do you own stock in a high-growth small business? Or are you a founder, investor, or employee of one? If so, you should know about major tax changes in the One Big Beautiful Bill Act (OBBBA) that … [Read more...] about OBBBA Expands Tax Benefits of Qualified Small Business Stock
Big Changes to 1099 Filing Requirements Under the OBBBA
Filing tax forms is never fun—but staying ahead of changes can reduce your reporting burden and help you avoid unnecessary penalties. If your business pays independent contractors (non-employees) … [Read more...] about Big Changes to 1099 Filing Requirements Under the OBBBA
