insights
IRS Yearly Average Currency Exchange Rates Now Published
The IRS has released the yearly average currency exchange rates for 2025. These are the IRS-approved rates, country-by-country, to be used for certain foreign currency translations required in the...
Treasury Releases 31 December 2025 Exchange Rates While IRS Annual Rates Still Pending
Taxpayers waiting for the IRS’s official Yearly Average Exchange Rates will need to hold on a little longer. As of now, the IRS has not yet published its annual table for the 2025 tax year. However,...
The 2025 SALT Deduction Increase: What the New $40,000 Cap Means for Taxpayers and U.S. Expats
The State and Local Tax (SALT) deduction has long been one of the most debated features of the U.S. tax code. For tax years commencing in 2025, the deduction has seen the most significant increase...
Changes to U.S. Retirement Plan Catch‑Up Contributions for Taxpayers Age 50+ Effective January 1, 2026
The U.S. tax system has a highly complex structure of retirement plans. One of these includes the Roth retirement account, where contributions to the account are made out of after-tax income....
IRS Issuing a Wave of Erroneous Notices: What Taxpayers Need to Know
The start of 2026 has brought an unsettling trend for taxpayers and tax professionals alike: a raft of incorrect notices being issued by the IRS. These include penalties related to Form 3520 and,...
IRS Recovers $10 Billion as Agency Intensifies Criminal Enforcement Efforts
The Internal Revenue Service has reported the recovery of approximately $10 billion tied to tax‑related crimes, marking a significant milestone as the agency sharpens its focus on criminal...
IRS Issues Notice 2025‑68 on New Accounts Under Section 530(A) of the Internal Revenue Code
On December 4, 2025, the IRS and the Treasury Department issued Notice 2025-68 Notice of Intent to Issue Regulations with Respect to section 530A Trump accounts (‘Notice’). The Notice: * provides an...
IRS Will Automatically Issue First‑Time Penalty Relief Starting in 2026
IRS Will Automatically Issue First‑Time Penalty Relief Starting in 2026 For decades, many taxpayers have been penalized by the IRS for simple one‑time mistakes—filing a return late, paying after the...
IRS and AI: A Year of Transformation
In 2025, the IRS significantly expanded its use of artificial intelligence (AI), shifting from pilot projects to operational tools in audits, compliance, and taxpayer services. This evolution was...
Also plus point , she follows you up again . I would say very help full person . Recommend to go with her , no second thoughts .
Gina is always prompt in responding to my email and phone conversation questions and her professionalism has inspired my confidence in her many times over.
She has guided me through my annual tax return filing with integrity and honesty and I fully trust her to get the job done well each year.
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