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A Cautionary Tax Court Decision
A Cautionary Tax Court Decision: Why Late Estate Tax Filings Can Cost Millions A recent Tax Court decision highlights a mistake we continue to see far too often: assuming estate tax filings can be handled later, fixed retroactively, or cleaned up with a request to the IRS. They often cannot. In Estate of Rowland v. Commissioner,[1] the Tax Court held [...]
IRS Tax Deadlines for 2026: When Does the IRS Filing Season Start?
IRS Tax Deadlines for 2026: When Does the IRS Filing Season Start? The IRS tax deadlines for 2026 are becoming increasingly relevant as taxpayers, business owners, and financial professionals plan ahead for the upcoming year. While April 15 is widely recognized as the federal income tax filing deadline, the reality is that the 2026 tax filing season begins weeks [...]
The SALT Deduction Cap Is Quadrupling to $40,000 — Here’s What It Means for High-Earners, Homeowners, and Anyone Looking to Lower Their Taxes
The new tax legislation signed in July dramatically raises the State and Local Tax (SALT) deduction cap—from $10,000 to $40,000 through 2029. This change reopens the door for millions of taxpayers to consider itemizing their deductions again, especially high-income earners in high-tax states and homeowners with significant property taxes. The new rules come with income phaseouts, limitations for married [...]
When Are Taxes Due in 2026? A Month-by-Month Guide to Federal Tax Deadlines
Staying ahead of all your tax deadlines in 2026 is essential if you want to avoid unnecessary penalties, fees, and IRS hassles. With shifting tax rules, administrative turnover, and ongoing legislative changes, many taxpayers are asking a simple question: Are taxes still due in 2026? The short answer: Absolutely. Even though the tax landscape has been turbulent—marked by rapid [...]
IRS Electronic Payment
The IRS confirmed it began its transition to electronic payments on September 30, starting with individual tax refunds. While some are concerned, others welcome the development. (IR 2025-94, 9/23/2025) Treasury Secretary Scott Bessent elaborated on the move and addressed transition challenges during a Financial Literacy and Education Commission meeting on September 24, 2025. The announcement came after Executive Order 14247, Modernizing Payments To [...]
