TaxPro Advisory Group

Here are key happenings and announcements from the IRS that you should understand.

IRS News You Should Know Here are recent changes as announced by the IRS that will impact most of us.

If you're an independent contractor, don't forget to plan for and pay your taxes. Here are some of the basic rules you need to understand.

Contractor Versus Employee - Knowing the difference is very important! Get this wrong and it could cost you and/or your employer. Are you a contractor or an employee?

Tax savings ideas still abound. Here are some to consider if you wish to retire early.

Tax Tips to Aid in Retiring Early - Don't forget to look at the retirement specials on the tax menu The federal government needs all its citizens to plan for a financially secure retirement. In an effort to assist in planning for retirement, there are a number of provisions in the tax code that benefit seniors. Are you aware of them and using them to your advantage?

Create a list of tax forms you expect to receive. Then check them off as you receive them to make sure none of them are missing.

Missing a Form? Not an Excuse. Every year you receive information tax forms, including W-2s, 1098s, and 1099s. If you fail to receive a form, you are still liable for the tax it creates. Here are some tips to avoid this possible audit risk.

Reminder: 3Q estimated taxes are due Tuesday, September 15th. Here are some things to consider.

Reminder: Third Quarter Estimated Taxes are Due - Now is the time to make your estimated tax payment If you have not already done so, please plan to make your third quarter estimated tax payment. The due date is Tuesday, September 15th.

Charitable deductions are frequently challenged or denied during an IRS review. Protect your deduction by understanding the documentation and requirements before making a donation.

Donating to Charities? Do it RIGHT! - Donation basics to ensure a proper tax deduction Too often a charitable tax deduction is disallowed upon review by the IRS. Don't let this happen to you. Here is what you need to know.

When an interest rate matters. This is what you need to know.

Understanding Tax Terms: AFRs The IRS often sees the transfer of funds as a loan, whether there is a loan agreement or not. This also means there is an implied term and interest payment. When the IRS says a transaction is a loan, what interest rate do they use? Enter AFRs. Here is what you need to know.

The amount of your tax bill is often dependent on your age and the age of your children. You need to plan accordingly. Here are the details.

The Tax Impact as Your Children Grow Up - Prepare now for potential income tax hits As your children age, you can easily be surprised by a larger tax bill. To help ease the possible burden, here are some possible tax hits to prepare for as your children grow older.

Time to plan for new contribution levels for your health savings account. Find the 2026 limits here.

2026 Health Savings Account Limits - Reminder to review your contributions Contribution limits for the ever-popular health savings account (HSA) are outlined for 2026. Now is a great time to review your situation and make adjustments as appropriate.

Before school gets going this fall, check out these school expenses that might help you decrease your tax bill.

Hidden Back to School Tax Deductions - Plus NEW mileage rates! Time to buy school supplies? Pay for field trips? Is any of this tax deductible? Here are some ideas to find a tax break in the back-to-school rush.