Tax Tips & More
Late Filing Costs Estate $1.5M-Will Yours Be Next?
With today’s $15 million federal estate and gift tax exemption ($30 million for married couples), it’s easy to believe estate tax planning is no longer a concern. But a recent Tax Court case proves otherwise—an estate lost $1.5 million simply because a portability election was not properly and timely filed.
SE Rules for Converting a Personal Vehicle to Personal Use
If you are a sole proprietor and considering converting a business vehicle to personal use, it’s important to understand the tax consequences before making the switch.
How One-Owner Businesses Win the New 50% Childcare Credit
Beginning in 2026, the One Big Beautiful Bill Act increases the employer childcare credit for small businesses to 50 percent of qualified expenses, up to $600,000 per year. Even one-owner businesses can benefit—and the savings are substantial.
Brutal IRS Trap Wipes Out Goodwill Clothing Deductions
If you donate clothing or household goods to charity, there’s an IRS trap you need to know about.
When Family Ties Cause Tax Trouble
Family relationships and overlapping ownership can quietly sabotage well-intentioned tax planning. Internal Revenue Code Section 267 often causes the damage.
OBBBA Drives Final Nail into Bicycle Commuting Deduction
Congress has officially pulled the plug on the federal tax break for bicycle commuting.
Best Practices When E-Filing Returns
Avoid future problems by following these best practices for e-filing.
Common Mistakes in Tax Preparation
Avoid errors that can occur when preparing tax returns by learning these common mistakes.
What Are Your Chances of Being Audited?
These red flags could increase your chances of the IRS selecting your return for audit.
April 2026 Tax Due Dates
April 1: First required minimum distribution (RMD) by individuals who turned 73 in 2025
April 10: Tips for March 2026 reported to employer
April 15: 2025 tax return and pay tax due
April 15: File Form 4868 to request six-month income tax return filing extension (payment of tax not extended)
April 15: File Schedule H (1040) and pay employment taxes for household employees (file separately if Form 1040 is not filed)
April 15: Estimated tax payment for first quarter of 2026
April 15: Contribute to individual retirement account (IRA) for 2025
April 15: Withdraw excess IRA contributions in 2025 to avoid penalty if filing of form 1040 was not extended
April 15: Contribute to health savings account (HSA) for 2025
April 15: Contribute to solo 401(k) plan or simplified employee pension (SEP) plan for 2025 by self-employed if filing of form 1040 was not extended
April 15: File 2022 tax return (Form 1040) to request unclaimed tax refund for the 2022 tax year
May 2026 Tax Due Dates
May 11: Tips for April 2026 reported to employer (Form 4070)
May 15: Deadline for certain tax-exempt organizations on a calendar-year basis to file Form 990 series
June 2026 Tax Due Dates
June 10: Tips for May 2026 reported to employer
June 15: Estimated tax payment for 2nd quarter of 2026
June 15: U.S. taxpayers living and working abroad file 2025 tax return
June 15: U.S. taxpayers living and working abroad file Form 4868 to request four-month income tax return filing extension (payment of tax not extended)
June 15: Military personnel on duty outside the U.S. file 2025 tax return
June 15: Military personnel on duty outside the U.S. file Form 4868 to request four-month income tax return filing extension (payment of tax not extended)