Jay Kurani CPA LLC

Filing Your 2025 Taxes? Why Accuracy Matters More Than Ever This Year - jaykuranicpa 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 ...

What to Expect from U.S. Tax Policy in 2026 - jaykuranicpa 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...

What Families Need to Know About the New Trump Accounts - jaykuranicpa 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 begu...

Seven Tax Moves to Make Before 2025 Ends - Year-End Tax Planning - jaykuranicpa 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 ma...

Financing Via Off-Balance Sheet Options - jaykuranicpa When it comes to business needs, securing financing is a top priority, particularly when starting out or for ongoing needs such as making payroll or paying for inventory. This financing could include a loan or securing an ongoing credit line, and businesses can do that through Off-Balance Sheet Fina...

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

How to Reduce the Burden of IRA Required Minimum Distributions - jaykuranicpa 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. Howeve...

Restricted Stock Units: 5 Essential Tax and Financial Planning Strategies - jaykuranicpa Receiving restricted stock units (RSUs) may seem straightforward, but the tax and financial planning complexities can catch many employees off guard. Understanding these key strategies might help you avoid costly mistakes and optimize your financial outcomes. 1. Manage Tax Withholding at Vesting The...