Insights
The Tax Impact of Supporting Aging Parents: What Families Should Review
Supporting an aging parent often begins gradually. You may start by paying a few medical bills, helping with prescriptions, arranging in-home care, or contributing toward assisted living costs. Over time, those decisions can become part of a larger tax, financial, and...
The IRS Business Tax Account Is Expanding: What Business Owners Can Now Manage Online
The IRS continues to expand its Business Tax Account, giving more business owners secure online access to federal tax records that previously required mailed correspondence, telephone calls, or assistance from a tax professional. In April 2026, the IRS extended...
Has Your Startup Outgrown Its Transfer Pricing Policy?
A transfer pricing arrangement that worked when a company was a start-up may no longer fit once that team develops core technology, manages customer relationships, or makes decisions that affect the company’s commercial risk. Many emerging-growth companies establish...
California Conforms to Trump Accounts and Adds First-Time Electric Vehicle Rebates
Governor Gavin Newsom signed two California budget trailer bills on July 13, 2026, creating new planning opportunities for families, employers, growing businesses, and first-time electric vehicle buyers. Senate Bill 180 generally conforms California to the federal tax...
Selling California Real Estate? Avoid These Form 593 Withholding Mistakes Before Closing
California real estate withholding is not just a closing formality. For investors, nonresident owners, trusts, estates, LLCs, and sellers structuring installment sales or 1031 exchanges, California Form 593 can determine whether sale proceeds remain available to the...
California’s New Sales Tax Filing Tools: What Small Retailers Should Know
California has introduced two new online filing options intended to make sales and use tax reporting easier for eligible small retailers. On July 8, 2026, the California Department of Tax and Fee Administration (CDTFA) announced the launch of Quick File and the Return...
IRS Mileage Rates for 2026
The IRS has announced the 2026 standard mileage rates. These rates are for calculating the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. In Announcement 2026-11, the IRS increased the optional standard mileage rates...
IRS Automatic Penalty Relief: What AEP Means for Eligible Taxpayers
The IRS is changing how many taxpayers receive penalty relief. In IR-2026-83, released July 8, 2026, the IRS announced a new Automatic Exemption from Penalty, or AEP, that will replace the long-standing First Time Abatement process for eligible taxpayers. For years,...
IRS Digital Asset Tax Guidance: What Form 1099-DA Means for Crypto Reporting
The IRS has continued refining its digital asset tax guidance, with recent updates to its digital assets, Form 1099-DA, and digital asset FAQ pages. For taxpayers, the practical message is clear: digital asset reporting is moving into a more visible...