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Categories for Tax and Financial News

  • Tax Considerations for Data Center Projects in the Age of AI

    Posted Date May 1, 2026 Posted Time 12:00 am Published in

    Artificial intelligence is driving an unprecedented surge in data center construction. Developers, private equity sponsors and their tax advisors are navigating a complicated web of questions that touch everything from ownership structure to site selection to power sourcing. Get the early decisions wrong and the tax consequences can follow a project for years. Why REITs Have Become the Structure of Choice Private equity has increasingly turned to real estate investment trusts when backing data center projects. Structure a REIT correctly, and you sidestep corporate-level taxation entirely. Foreign investors get an even better deal. Sovereign wealth funds and foreign pension funds... View Article

  • Filing Your 2026 Tax Return? The Stakes Just Got Higher

    Posted Date April 1, 2026 Posted Time 12:00 am Published in

    Picture two things happening at the same time. The agency responsible for reviewing your tax return is understaffed and buried under a backlog, and the software that the agency uses to catch filing errors just keeps getting better. That combination should give any taxpayer pause this season. Not because an audit is necessarily coming, but because if something does go wrong, the window for getting it resolved quickly has shrunk considerably. The IRS Is Running Lean, But It’s Technology Isn’t The agency lost more than a quarter of its workforce in 2025. The National Taxpayer Advocate’s most recent annual report... View Article

  • Filing Your 2025 Taxes? Why Accuracy Matters More Than Ever This Year

    Posted Date March 1, 2026 Posted Time 12:00 am Published in

    Tax season is here, and while the IRS opened its doors for 2025 returns on Jan. 26, with the familiar April 15 deadline intact, this year’s filing experience is shaping up to be anything but routine. A perfect storm of workforce cuts, rushed new tax breaks, and strained systems means that getting your return right the first time has never been more important. A Smaller IRS With a Bigger Job The numbers tell a sobering story. According to the Taxpayer Advocate, the IRS entered this filing season with 27 percent fewer employees than it had just a year ago. Congressional... View Article

  • What to Expect from U.S. Tax Policy in 2026

    Posted Date February 1, 2026 Posted Time 12:00 am Published in

    After a whirlwind 2025 that produced what may be the largest tax bill in American history, the coming year looks dramatically different. Tax policy experts are predicting a legislative standstill, a turbulent tax filing season, and lingering questions about how new provisions will work when put into practice. A Year of Legislative Gridlock The forecast for 2026 tax legislation is bleak. With Republicans clinging to an impossibly thin House majority of just 218 or 219 seats following recent resignations, passing any significant bills will be extraordinarily difficult. Every single Republican vote would be needed to advance legislation through reconciliation, and... View Article

  • What Families Need to Know About the New Trump Accounts

    Posted Date January 1, 2026 Posted Time 12:00 am Published in

    American parents now have access to a completely new savings tool designed to give children a financial foundation for the future. Established through The One Big Beautiful Bill Act, these accounts carry the name of the current president and come with a unique set of rules that the IRS has just begun to clarify. Who Can Open One? Any minor holding a Social Security number who has not yet turned 18 by Dec. 31 of the current year meets the eligibility criteria. Getting started requires an authorized adult, typically a parent or legal guardian, to submit an application to the... View Article

  • Seven Tax Moves to Make Before 2025 Ends – Year-End Tax Planning

    Posted Date December 1, 2025 Posted Time 12:00 am Published in

    Tax planning feels like homework nobody wants to do, but here’s the reality: real money is sitting on the table. The One Big Beautiful Bill Act changed the rules this year, and most people are still figuring out what matters for their wallets. Max Out Everything While You Can Here’s something many people miss. Every Dec. 31, workplace retirement accounts basically close their books for the year. That’s it, opportunity gone. The limit is $23,500 this year, or $31,000 for those over 50. Also, anyone between 60 and 63 can throw in an extra $11,250 with the new super catch-up... View Article

  • The Hidden Tax Trap Keeping America’s Housing Market Frozen

    Posted Date November 1, 2025 Posted Time 12:00 am Published in

    America’s housing crisis has reached a breaking point. With median home prices soaring past $400,000, the National Association of Home Builders reports that 60 percent of U.S. households can’t even afford a $300,000 home. The math has become impossible for most American families. While we often blame high mortgage rates, restrictive zoning laws and rising construction costs for the housing shortage, there’s another culprit hiding in plain sight: a decades-old tax rule that’s trapping millions of homeowners in houses they’d rather leave. The $500,000 Problem When Congress overhauled capital gains taxes on home sales in 1997, they created what seemed... View Article

  • Initial Look at the New Tax Form Schedule 1-A: Four Key Deductions for 2025

    Posted Date October 1, 2025 Posted Time 12:00 am Published in

    The IRS has released draft Schedule 1-A, introducing four new temporary deductions within the One Big Beautiful Bill Act. If you are wondering what the new form looks like and how the calculations work, read on as we explore each below. Modified Adjusted Gross Income (MAGI) It is important to note that all four deductions require calculating your MAGI first, which determines eligibility and phaseout amounts for each deduction. The Four New Deductions and How the Calculations Work These deductions are all referred to on the schedule by their colloquial names, for example: “No Tax on Tips,” “No Tax on... View Article

  • How to Reduce the Burden of IRA Required Minimum Distributions

    Posted Date September 1, 2025 Posted Time 12:00 am Published in

    Required minimum distributions (RMDs) from traditional IRAs and 401(k)s often become a significant tax burden during retirement. As the percentage of your IRA that must be distributed increases each year, many retirees face higher adjusted gross income and increased exposure to stealth taxes. However, with strategic planning, you can transform RMDs from burdens into opportunities. Timing Your First RMD The RMD starting age has changed recently: age 72 for those born before 1951, age 73 for those born 1951-1959, and age 75 for those born in 1960 or later. Your first RMD must be taken by April 1 of the... View Article

  • Restricted Stock Units: 5 Essential Tax and Financial Planning Strategies

    Posted Date August 1, 2025 Posted Time 12:00 am Published in

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