by Taxing Subjects | Aug 27, 2025 | Tax Tips and News
Two of the most widely used credits — the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) — may offer significant opportunities to reduce a client’s federal income tax liability. This article provides an overview of these credits,...
by Taxing Subjects | Aug 26, 2025 | Tax Tips and News
Recently, one of our valued customers reported receiving a suspicious call from an unfamiliar number offering a “discounted” version of Drake Software. We want to make it absolutely clear: this offer was not legitimate. Here is how to stay informed and...
by Taxing Subjects | Aug 5, 2025 | Tax Tips and News
As tax professionals prepare for the 2025 filing season, staying up to date on changes to the Earned Income Credit (EIC) is essential—not just for compliance, but for maximizing client refunds and minimizing audit risk. The IRS has issued several adjustments for tax...
by Taxing Subjects | Aug 1, 2025 | Tax Tips and News
Secure Act 2.0 Retirement, Tax Reform, and OB3 For tax professionals, these provisions are more than legislative footnotes—they directly impact how you advise clients, calculate retirement-related taxes, and practice compliance with IRS requirements. Let’s break down...
by Taxing Subjects | Jul 25, 2025 | Tax Tips and News
The One Big Beautiful Bill Act (OBBBA) introduces sweeping updates to the tax code set to take effect for the 2025 tax year. These changes are crucial for tax professionals who must adapt planning strategies, educate clients, and ensure their software is fully...
