Tax News Blogs

2026 Tax Changes on Tax Cuts and Jobs Act (TCJA) provisions for individuals and Businesses will be significant

Roth IRA basis offer varying tax implications for IRA contributions, ranging from full tax deduction to partial or no tax deduction

severe flooding and landslides resulting from natural disasters, the IRS has taken the initiative on extended tax deadline

Trump administration plans to discontinue the IRS DirectFile Tax Program, which offers free tax filing services. 

Form W-2, Wage, and Tax Statement, is a crucial document that reports an employee’s annual wages and the amount of taxes withheld from their paychecks. It is essential for filing income tax returns. Over time, individuals may lose or misplace their past year W-2 tax forms prior years. Understanding how to obtain these past-year copies […]

Take advantage of eFile your 2021 taxes smoothly in the upcoming tax season through PriorTax. If you fail to meet the deadline and neglect

Preventing a tax audit and knowing how to respond if you are selected for one are crucial aspects of responsible tax planning. While the Internal Revenue Service (IRS) uses sophisticated methods to select returns for audit, understanding common triggers and maintaining meticulous records can significantly reduce risk. Should an audit occur, a calm, organized, and […]

potential tax on tips exemption represent a major shift in how the IRS treats tip income and reshape the economics of service nationwide

The 2025 Personal Tax Planning Guide highlights several key areas that could significantly impact your investment tax strategies and tax obligations

New guidelines setting $5,000 reporting threshold for 2024 payments processed via third-party payment networks in Tax Form 1099-K in 2025