IRS Operations Impacted by Government Shutdown
Written by Ken Rosenfield, CPA, Founder & Partner The ongoing government shutdown has already begun to affect the level of service provided by the Internal Revenue Service (IRS). Just a few weeks ago, prior to the shutdown, the IRS reported a staff of approximately 78,000 employees. Two years earlier, that number exceeded 120,000, and even […]
OBBBA is Here: What the One Big Beautiful Bill Act Means for You
Written by Ken Rosenfield, CPA, Founder & Partner On July 3rd, Congress passed the OBBBA (One Big Beautiful Bill Act), and it was signed by the President on July 4th, 2025. Some of the most important items in the new act are: Many provisions of the TCJA (Tax Cuts and Job Act of 2017) are […]
IRS Extends Tax Relief Once More: Helene and Milton Victims Now Covered
The IRS is offering tax relief to individuals and businesses affected by recent hurricanes across Florida, the Southeast, and other designated disaster areas. This relief includes extended deadlines, retirement plan relief, and potential tax benefits for disaster-related losses. Extended Deadlines Residents and businesses in affected areas, including all of Florida, Alabama, Georgia, North Carolina, South […]
IRS Extends Tax Deadlines for Hurricane Debby: What You Need to Know
The IRS has announced tax relief for individuals and businesses impacted by Hurricane Debby in several states. If you’re in South Carolina, North Carolina, Florida, Georgia, or Vermont, you now have until February 3, 2025, to file federal tax returns and make payments. *Other states may be added as FEMA assesses more areas. This article […]