Tax LAB Strategies

Received an IRS CP53E notice? Learn why taxpayers who choose paper refund checks may wait more than two months and what you can do to avoid delays.

IRS CP53E Refund Delays: Why Paper Checks May Take 2+ Months

Family members funding a child's Trump account? New IRS guidance explains when contributions qualify for the annual gift tax exclusion and when a gift tax return may still be be required.

Trump Accounts and Gift Tax Rules Explained IRS guidance clarifies when Trump account contributions qualify for the gift tax annual exclusion and when a gift tax return may still be required.

Reasonable compensation should evolve as your business grows. Learn why S corporation owners should review salary, distributions, and tax planning regularly.

Reasonable Compensation for S Corporation Owners

The economy is uneven, and your 2026 tax strategy should reflect your reality. Learn how growing and slowing businesses can adjust tax planning, cash flow, and expenses.

Booming or Slowing Down? Why Your 2026 Tax Strategy May Need The economy is uneven. Learn tax planning strategies for growing and slowing businesses, including cash flow, expenses, and 2026 tax-saving opportunities

Learn how the IRS 10-year collection statute works, what can extend it, and why waiting out tax debt is often riskier than it sounds

IRS Tax Debt: Understanding the 10-Year Collection Rule Learn how the IRS 10-year collection statute works, what can extend it, and why waiting out tax debt is often riskier than it sounds.

Choosing between an S corporation and C corporation involves more than tax rates. Learn the key factors that can impact growth and profits.

S Corp vs. C Corp: Choosing the Right Business Structure

The IRS has announced that it will begin automatically forgiving certain penalties for taxpayers who have not had a similar penalty in the past three years, rather than requiring them or their tax preparer to request relief for them.

IRS to Automatically Forgive Certain Tax Penalties The IRS will automatically waive certain penalties for eligible taxpayers with a strong compliance history. Learn who qualifies.

The IRS increased business, medical, and moving mileage rates effective July 1, 2026. Learn the new rates and how they affect your deductions.

IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase The IRS recently announced a 4-cent increase in the optional mileage rate, effective for the last half of 2022.