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Treasury and the share guidance on the permanent 100% additional first-year depreciation deduction for eligible depreciable property acquired after Jan. 19, 2025, provided by the One, Big, Beautiful Bill. Read more here: https://ow.ly/UfJF50XXpLT

The announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. You will have until Wednesday, April 15, 2026, to file your 2025 tax returns and pay any tax due. Don’t forget that IRS.gov has online tools and resources you can use before, during and after filing your federal tax return. For a list of filing season tools, reminders and resources, read: https://ow.ly/1yqq50XTweL

Happy new year to all my friends and family. Wish you all abundance of blessings and health. That’s all we need !!! Muchas felicidades a todos mis familiares y amigos. Que el nuevo año les traiga abundancia de bendiciones y salud que es lo único que hace falta !!!

Welcoming a new member of your family will come with new benefits under the Working Families Tax Cuts. The and Treasury have issued guidance that overviews how Trump Accounts work and answers questions on creating the account, the $1,000 pilot program contribution and more. Taking advantage of this individual retirement account (IRA) for your child starts them off with a leg up. These funds cannot be withdrawn from the accounts until January 1 of the year the child turns 18. After that point, the account is treated like a traditional IRA.

Learn more about Trump Accounts at https://ow.ly/nYLo50XBrVx.

It’s announced 20,000 threshold for 1099K

has issued FAQs on the Form 1099-K dollar threshold under the One, Big, Beautiful Bill. Third party settlement organizations are not required to file Forms 1099-K unless the gross amount of reportable payment transactions to a payee exceeds $20,000 and the number of transactions exceeds 200. https://ow.ly/W1yf50XgXb9

The has assessed more than $162 million in penalties over false tax credit claims linked to fraudulent tax advice promoted on social media.

Read the agency’s alert: https://ow.ly/kbSS50WTrjw

The One Big Beautiful Bill Act will be law.

I can only speak to the tax provisions, but there is something in this legislation that affects everyone, not just the wealthy.

This goes well beyond the Trump Tax Cuts and Jobs Act of 2017... and this is the opposite of tax simplification.

For taxpayers: If you think you are impacted by these provisions (and you probably are), find a qualified tax professional (they should have a license: EA, CPA, or attorney, or state license