In the past, the IRS only required electronic filing of 1099s if filing over 250 returns. They have reduced this amount to 10 returns and are combining all tax forms to get this number, including W-2's. Our office has obtained the Transmitter Control Code (TCC) and we are ready to assist all of our clients with this process.

The most common argument against starting Sec. 529 college savings programs (529 plans) for young children is the uncertainty surrounding whether the child will even attend college and, if they do, whether they will need the funds in the event of qualifying for scholarships or other financial aid.

IRS Commissioner Danny Werfel has announced that the IRS is going after 1,600 millionaires who owe at least $250,000 each and collectively owe hundreds of millions of dollars, as part of an expanded push to make sure that wealthy taxpayers pay what they owe.

Time to start thinking about optimizing Roth conversions, RMDs, capital gains, Medicare premiums and charitable giving before year's end. The things you do before Dec. 31 are typically what save you the bigger dollars. And saving bigger dollars is fun for everyone. Here are five things retirees should consider before Dec. 31:

Last year, millions of taxpayers never responded to letters from the Internal Revenue Service requesting that they authenticate their identity before the IRS can release their federal income tax refunds, according to a new blog by the National Taxpayer Advocate.

Tax tips on TikTok and other social media can be helpful. But when a tax strategy sounds too good to be true, it should give you pause even if—or perhaps especially if—a post, reel, or clip is circulated widely. Going viral doesn't mean it's any more valuable. In some instances, those numbers may be artificially bumped as they’re shared by tax professionals to point out the flaws—as happened recently on X, formerly known as Twitter, in a thread discussing the infamous Augusta Rule.