By month: December 2025

Form 1099-DA Is Here—How It Will Impact Your Crypto Taxes

The IRS’s new crypto reporting rules mean your transactions will soon be reported on Form 1099-DA—whether you’re ready or not. Starting in 2026, brokers must also report your cost basis, which directly affects how much tax you owe. Avoid surprises.

Only Seven Months Left to Secure Your EV Charger Credit

Unlock a generous federal tax credit that can help pay for your EV charger or alternative fuel refueling equipment—but act fast. A recent law wipes out this valuable benefit for anything placed in service after June 30, 2026, and strict location rules mean many taxpayers will miss out if they don’t plan ahead. Here’s what you need to know now to claim the credit while there’s still time.

IRC Section 1563: The Controlled Group Trap

Think forming multiple corporations multiplies your tax breaks? Think again. The IRS combines your businesses into what it calls a “controlled group” under IRC Section 1563. Your best deductions and credits, like Section 179 and R&D, must be shared across the whole group. What you thought looked like smart structuring can unexpectedly slash your tax benefits. Find out how these hidden rules connect your corporations—and how the right planning helps you sidestep this costly trap.

Do Pass-Through Entity Taxes Still Pay Off after OBBBA?

The One Big Beautiful Bill Act increases the deduction for state and local taxes to $40,000. Even so, owners of pass-through business entities, such as partnerships and multimember LLCs, still have the option of having their entity pay their business’s state income taxes instead of paying them personally. Electing to pay such state pass-through entity taxes is still worthwhile for many pass-through owners.

The Hidden Benefits of Filing a Gift Tax Return

Think gift tax returns are just tedious paperwork? Think again. Filing Form 709 can unlock powerful protections and long-term tax benefits you don’t want to miss.

Home Builder Alert: Seven Months Left for Tax Credit

A lucrative tax credit for energy efficient homes is about to disappear—and builders have only months left to act. Here’s what you need to know before the window closes.

Start-up and Acquisition Costs after a Deal Falls Apart

Thinking about buying a business? A failed deal can leave you with more than disappointment—it can create surprising tax consequences. Learn how to salvage deductions, preserve start-up costs, and turn a blown acquisition into valuable tax savings.

The Pitiful and Outdated Tax Code Business Gift Limit

Discover why the IRS still limits business gift deductions to just $25 per recipient—a rule untouched since 1962—and what smart business owners can do about it today.

IRS Moves Toward All-Electronic Refunds: What You Need to Know

The IRS has officially begun phasing out paper refund checks, and taxpayers will soon need to rely on electronic payment methods. Learn what this change means for your 2025 return and the simple steps you should take now to avoid delays.

 

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