An IRS chief counsel recently issued advice (CCA-2025-11015) that describes five situations in which taxpayers were victimized by scammers.

As the tax deadline looms, the scramble to gather receipts, calculate expenses, and fill out forms can be incredibly stressful. But what if you could simplify this process, save money, and even get expert help—all at the last minute? Enter QuickBooks, the ultimate solution for your tax preparation needs.

Why QuickBooks for Last-Minute Tax Prep?

Despite the news about all those new IRS agents, the truth is that the IRS has audited significantly less than 1% of all individual returns in recent years.  Hiowever, if you file a Schedule C to report profit or loss from a business, your odds of drawing additional scrutiny goes up significantly.

Property tax rates are on the rise nationwide, creating challenges for many homeowners, including retirees. Data shows that last year’s property tax bills increased up to 30% in some places. 

If you own a home, you can't avoid property taxes altogether without risking penalties. However, some strategies and programs, an lower your property tax bills and help your budget.

According to the Financial Crimes Enforcement Network (FinCEN), small businesses do not need to file beneficial ownership reports despite a recent U.S. Supreme Court ruling lifting a lower court injunction blocking the reporting requirement, according to a federal agency.

There has been a lot of political talk lately about no longer taxing Social Security payments. (Like they promised when it was created back in the Roosevelt administration.)

Last week, a dozen GOP lawmakers introduced the Fair Tax Act of 2025. The bill proposes to abolish the IRS and repeal all personal and corporate income taxes, the death tax, gift tax, and payroll tax.

The IRS has set its sites on millions of people who enjoy gambling: the huge gap between tax collections and people reporting them on their tax returns. Those unreported winnings ad up to a whopping  $13.2 billion.   

January 1, 2025 Filing Deadline Has Been Reinstated

In a pivotal development for businesses nationwide, the 5th Circuit Court of Appeals has stayed the Texas District Court’s preliminary injunction, which had temporarily paused the enforcement of the Corporate Transparency Act (CTA). This decision reinstates the January 1, 2025, filing deadline for companies to comply with the CTA’s Beneficial Ownership Information (BOI) reporting mandate.

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction temporarily halting the enforcement of certain reporting requirements under the Corporate Transparency Act (CTA).

When the tax laws changed in 2018, most people no longer had to use the itemized deductions (Schedule A), but found it easier and more beneficial to just use the standard deduction.  Generally, I find that there is a small minority that still itemize.  They usually have a lot of property taxes, large amounts mortgage interest and give a generous amount to charities (such as tithing 10% to their church).

One of the biggest tax pains in the last two decades in the tax preparation world has been when two separated or divorced parents both try to claim the same child - regardless of who had the right to.  You see, the IRS doesn't care what a separation or divorce decree says.  They got tired of reading them to make determinations.   So they came us with the custodial parent rules.