Tax

2025 IRS Tax Brackets and Standard Deductions

The Internal Revenue Service (IRS) has released the tax brackets and standard deductions for the year 2025. These…

What is Currently Not Collectible Status?

**IRS Temporarily Halts Collection Efforts with CNC Status for Struggling Taxpayers** The Internal Revenue Service (IRS) has a…

What Surprising Tax Strategies Are Often Overlooked Before The Year Concludes?

Tax season can often feel overwhelming, but there are several strategies you might be overlooking that can significantly…

The Latest on the Global Tax Agreement

Key Takeaways: Global Minimum Tax Rate: The agreement establishes a global minimum corporate tax rate of 15%, aiming…

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How Do Import Tariffs Affect Exports?

Just as countries impose import tariffs to protect local industries, these tariffs can significantly influence export volumes and…

The Corporate Tax Rate Tug-of-War

Q: What is the corporate tax rate tug-of-war? A: The corporate tax rate tug-of-war refers to the ongoing…