Understanding the Implications of TCJA Income Tax Provisions Set to Expire
Evaluate your individual income tax plan for effects of TCJA provisions expiring in 2026.
Tax Relief and Deadline Extensions for Hurricane Debby
Taxpayers impacted by Hurricane Debby in South Carolina, North Carolina, Florida, and Georgia now have until February 3, 2025 to make certain tax payments and file various tax returns, including 2023 individual and business tax returns currently on extension.
IRS Provides Tax Relief & Deadline Extensions to 67 Texas Counties Affected by Hurricane Beryl
The IRS has announced tax relief measures for individuals and businesses in 67 Texas counties affected by Hurricane Beryl. Taxpayers in these counties now have an extended deadline until February 3, 2025, to file various federal individual and business tax returns and to make any necessary tax payments.
Death and Taxes: Critical Opportunities for Nonprofits
With the American population aging, postmortem contributions are critical opportunities for nonprofits to receive charitable contributions
U.S. Income Tax Treaties: Tax Relief for Individuals
The U.S has more than 60 tax treaties with foreign countries who are trading partners. Tax treaties can benefit individuals by clarifying their tax obligations, reducing tax burdens, and simplifying cross-border economic activities.
IRS Flags Phishing and Smishing in 2024 Tax Scams Alert
The IRS warns of phishing and smishing as top threats in its 2024 “Dirty Dozen” tax scams list. These tactics use fraudulent emails or texts posing as the IRS to extract personal and financial data. IRS Commissioner Danny Werfel urges caution, emphasizing the IRS does not initiate contact via email or text for such information.
IRS Releases Plan to Triple Its Audit Rates on Large Corporations
Audit rates on large corporations to increase threefold, per newly released IRS roadmap for spending Inflation Reduction Act funds.
The Journey to 2025 Tax Reform Begins
House Ways & Means Committee Chairman Jason Smith (R-MO) and House Tax Subcommittee Chairman Mike Kelly (R-PA) recently announced the formation of 10 "Committee Tax Teams". Each team will address key tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) that are set to expire in 2025 and identify legislative solutions.
Podcast | “Greatest of All Time” Internal Revenue Code Sections
In this podcast, PBMares Partner, Sean O'Connell, summarizes IRS Code Sections that could include financial savings for individuals and businesses.
PBMares LLP Named a Leader in Tax by Accounting Today
In its 2024 ranking of the Top 100 Firms, Accounting Today has named PBMares to its Leaders in Tax specialty category.