The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. This landmark legislation permanently extends many tax provisions originally introduced by the […]
2025 One Big Beautiful Bill Act OBBBA Tax Changes for Individuals
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Latest tax law updates and IRS changes explained by a Fredericksburg CPA. Stay compliant and discover how new rules affect your taxes.
Tax Tips for Real Estate Agents: What You Need to Know About 1099 Income
As a real estate agent, you’re likely receiving a Form 1099-NEC instead of a W-2. That makes you self-employed in the eyes of the IRS — and […]
IRS Opens Address Change Portal for Advance CTC Payments – Did You Know?
IRS Opens Address Change Portal for Advance CTC Payments – Did You Know? The IRS has launched a new address change feature in the Child Tax Credit [...]
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Earned Income Tax Credit: Changes for 2020 Tax Year
The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. In 2019, the average amount of this credit was $2,476. It not only […]
What To Expect From IRS Cryptocurrency Audit
What To Expect From an IRS Cryptocurrency Audit — And How to Avoid One Cryptocurrency Audits are becoming a growing priority for the IRS as digital assets [...]
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Advanced Child Tax Credit CTC Non-filer Sign-Up Tool
The IRS has released a tool designed to help eligible families who don’t normally file tax returns to register for the monthly advance child tax credit (CTC) […]
Economic impact payments: What you need to know
The IRS and Treasury launched Economic Impact Payments (EIPs) in 2020 to provide relief during the pandemic. While these stimulus payments have ended, taxpayers who never received [...]
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