Nov 11, 2025 | Blog Posts, Tax Talk Tuesdays
The One Big Beautiful Bill Act (OBBBA) made a permanent change to Section 163(j) of the Internal Revenue Code, restoring a more favorable way for businesses to calculate and deduct interest expense. The return of the EBITDA approach—earnings before interest, taxes,...
Nov 3, 2025 | Blog Posts, Tax Talk Tuesdays
Investing in a growing company can be rewarding, and under federal law, it can also bring major tax advantages. Two provisions—Sections 1202 and 1045 of the Internal Revenue Code—were designed to encourage investment in early-stage U.S. C corporations. Section 1202...
Oct 28, 2025 | Blog Posts, Tax Talk Tuesdays
The Social Security Administration’s 2.8% cost-of-living adjustment for 2026 may sound like good news for retirees, but rising costs could quickly diminish that gain. Medicare trustees project a 12% increase in standard Part B premiums to $206.50 next year, with...
Oct 20, 2025 | Blog Posts, Tax Talk Tuesdays
The IRS has issued its 2026 inflation adjustments, which usher in changes to more than 60 tax provisions affecting a broad range of taxpayers. Among the most significant updates are higher standard deduction amounts, revised tax bracket thresholds, and other key...
Oct 10, 2025 | Blog Posts, Tax Talk Tuesdays
An Interest Charge Domestic International Sales Corporation (IC-DISC) is a federal export tax incentive authorized by Section 992 of the Internal Revenue Code. IC-DISC status allows U.S. exporters to defer tax on a portion of export income and treat distributions as...
Oct 7, 2025 | Blog Posts, Tax Talk Tuesdays
Non-fungible tokens (NFTs) are unique digital assets recorded on a blockchain. Each token carries distinct identifiers and metadata that verify ownership and authenticity. NFTs can represent digital art, music, collectibles, in-game items, or access passes. Owning an...
Sep 30, 2025 | Blog Posts, Tax Talk Tuesdays
On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, bringing major revisions to international tax rules. Among the most consequential changes for multinational enterprises are the redefinitions of Global Intangible Low-Taxed Income (GILTI) and...
Sep 22, 2025 | Blog Posts, Tax Talk Tuesdays
Small Business Investment Companies (SBICs) are a vital source of capital for small businesses in the United States. Licensed and regulated by the U.S. Small Business Administration (SBA), SBICs are privately owned firms that invest in small businesses using a mix of...
Sep 16, 2025 | Blog Posts, Tax Talk Tuesdays
The Fuel Tax Credit provides a refundable credit for fuel used in specific, qualifying work-related activities. It is not available to most taxpayers, and eligibility is limited to certain businesses and uses. Eligibility Requirements To claim the credit, you must...
Sep 9, 2025 | Blog Posts, Tax Talk Tuesdays
The One Big Beautiful Bill Act (OBBBA) eliminated most individual credits for clean energy, including the clean vehicle credits for cars and the energy-efficient home improvement credit. The following is a summary of the credits that will expire soon. IRS Code Section...
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