Misclassifying workers can lead to payroll tax penalties—and now, eligible workers could also miss out on the new deduction for qualified overtime compensation. Learn why proper worker classification is more important than ever. Read “Employee or Independent Contractor? Why Worker Classification Matters More Than Ever” at StephanoSlack.com.
The IRS has updated its guidance on the new deduction for qualified overtime compensation. If you earned overtime pay—or have employees who did—you may benefit from this tax break. Read “Can Working Overtime Lower Your Tax Bill?” at Stephanoslack.com.
The Treasury Department and Internal Revenue Service (IRS) have issued new guidance that removes a significant administrative hurdle for families contributing to Trump Accounts. Revenue Procedure 2026-25 establishes a safe harbor that allows many taxpayers to make qualifying contributions without filing a federal gift tax return.
the IRS is introducing a new Automatic Exemption from Penalty (AEP) program that will automatically grant penalty relief to eligible taxpayers with a strong history of compliance. The goal is simple: reduce paperwork, eliminate unnecessary requests and reward taxpayers who consistently meet their tax obligations.
The IRS is continuing to expand its digital tools, making it easier for taxpayers and their accountants to manage authorizations, access records and resolve tax issues more efficiently. Understanding how IRS Online Accounts and Tax Pro Accounts work can help taxpayers avoid delays and streamline communication with the IRS.
Read my blog, “IRS Tax Pro Accounts Are Changing How Taxpayers Work With Their Accountants,” at StephanoSlack.com.
The IRS introduced a new process that may give certain businesses additional time to resolve Employee Retention Credit disputes. Read Robert Radzinski, CPA,’s blog, “IRS Introduces New ERC Extension Option for Certain Taxpayers,” at StephanoSlack.com.
Tariff refunds are finally beginning, with billions potentially returning to U.S. importers. The opportunity is significant, but the filing process may be complex and phased in over time. Read $166 billion in tariff refunds: What importers need to know now at StephanoSlack.com.
Tax season may be over, but the most valuable planning happens now. In this blog, “Tax Season is Over—Now What? 5 Moves to Make Right Now to Improve Next Year’s Outcome,” we outline key actions to help you stay ahead and make more informed decisions throughout the year. Read my blog at StephanoSlack.com.
IRS Raises Passenger Vehicle Depreciation Limits for 2026. If your business purchases or leases vehicles, the IRS has updated the depreciation limits for passenger automobiles placed in service in 2026. These annual adjustments affect how much you can deduct each year for business-use vehicles. Read my blog, “IRS Raises Passenger Vehicle Depreciation Limits for 2026,” at StephanoSlack.com.