by Lori Bowden | Mar 2, 2026 | Individuals, Newsletter, Tax
If you buy, sell or trade digital assets, such as cryptocurrency or certain non-fungible tokens (NFTs), new reporting requirements will likely affect how your transactions are reported to and reviewed by the IRS. While these rules don’t change how digital assets are...
by Lori Bowden | Mar 1, 2026 | Individuals, Newsletter, Tax
If you or someone you know plans to mail a tax return this season, there is an important deadline you need to meet before April 15. Effective December 24, 2025, the U.S. Postal Service updated the method for determining postmark dates. The change is technical, but the...
by Lori Bowden | Feb 4, 2026 | Business, Newsletter
Many rental property owners are surprised to learn that federal tax law often restricts their ability to deduct losses, treating most rental activities as passive unless specific requirements are met. But if you can qualify for the real estate professional exception,...
by Lori Bowden | Feb 3, 2026 | Individuals, Newsletter
Until recently, much tax uncertainty surrounded estate planning. The Tax Cuts and Jobs Act doubled the federal gift and estate tax exemption to an inflation-adjusted $10 million, but only for 2018 through 2025. Fortunately for those with larger estates, in 2025,...
by Lori Bowden | Feb 2, 2026 | Individuals, Newsletter
You have until April 15, 2026, the tax filing deadline, to make 2025 contributions to an IRA. If you’re seeking more than the traditional mix of stocks, bonds and mutual funds, a self-directed IRA offers greater autonomy and diversification. But it also introduces...
by Lori Bowden | Feb 1, 2026 | Business, Newsletter
Closing a business can be overwhelming. But it’s important not to let tax duties fall through the cracks. File a federal income tax return for your business’s final year and, if you have employees, make final federal tax deposits and report employment taxes. If you...
