Video Tips: Timing Capital Gains for QOFs
Taxpayers should remember that certain capital gains realized in 2026 can be deferred into Qualified Opportunity Funds (QOFs) under the 180-day rule. This applies to gains realized on or after July 5, 2026, as well as gains realized anytime during 2026 through pass-through entities. Consequently, it may be beneficial to delay transactions or QOF investments […]
Mid-Year Tax Planning Is Not a Luxury. It’s Where Real Planning Happens.
There is a familiar habit among business owners that makes perfect sense until you look at the cost of it: “I’ll worry about taxes in December.” By then, of course, the year is mostly over. The numbers are more or less locked in. The equipment is already ordered. The expansion decision has been made. Payroll […]
What Taxpayers Need to Know About Tokenized Securities and 2026 Tax Reporting
A tokenized security is a digital token that represents an ownership interest in a traditional security (for example, shares in a company, a fund unit, debt, or a similar interest). Tax rules follow the economic substance of the interest (equity→dividends/capital gain; debt→interest; partnership interest→partnership rules), even when the interest is tokenized. Expect information reporting on […]
Trump Accounts Scam Alerts: How to Protect Your Child’s Savings
Trump Accounts are a new type of tax-advantaged savings account designed for children under 18, with a government seed contribution available for certain children born between January 1, 2025, and December 31, 2028. Starting January 1, 2026, parents have been able to open these accounts for eligible children, though contributions aren’t permitted until July 4, […]
Weddings, Childcare, Children’s Summer Employment, and Travel: Navigating Summer’s Tax Minefield
Summer brings weddings, camps, teen paychecks, weekend trips and sometimes the chance to rent your home for a short-term event. Those warm-weather plans make memories — and they can also change the way you file your taxes. This guide explains, the most common summer activities that affect an individual tax return: getting married, summer childcare […]
From Side Hustles to Wealth: Gen Z’s Guide to Smarter Finances
If you’re part of Gen Z, there’s a good chance your money life doesn’t fit neatly into one paycheck. Maybe you’ve got a full-time job, a TikTok Shop side gig, a weekend photography hustle, and a few NIL opportunities on top of it. The income is real, the momentum is real, and the freedom can […]
Could Your Dog Qualify for a Tax Break? A New Proposal Says ‘Yes!’
Americans spend billions of dollars each year caring for their pets. Food, veterinary visits, medications, grooming, boarding, toys, insurance, and emergency medical care can quickly add up. In fact, some estimates put the lifetime cost of owning a dog at nearly $30,000 nationwide, with costs in some states climbing even higher. Now, New Jersey lawmakers […]
Why an IRS Online Account Matters — And How to Create One
For many taxpayers, dealing with the IRS can feel slow, confusing, and paper-heavy. An IRS online account offers a faster, more convenient way to manage many tax tasks from your computer or phone — from checking your refund to viewing tax transcripts to setting up payments — without a trip to a post office or […]