Just Starting a New Business? Don’t Overlook Start-Up and Organizational Costs Deductions

Just Starting a New Business? Don’t Overlook Start-Up and Organizational Costs Deductions

Starting a new business can be expensive, but the tax rules offer relief: certain start‑up and organizational expenses like market research, advertising, training, professional fees and filing costs to form a company may be deductible.

Sports Betting Isn’t Just Entertainment Anymore — It’s Tax Policy

States are using sports betting to generate revenue and offset taxes. Here’s how the strategy is growing nationwide.

Portland’s “Most Hated Tax” Might Be Changing. Here’s What That Actually Means

Portland plans to raise its arts tax while exempting thousands. Here’s what the proposal means for taxpayers.

Did You Repay Money You Paid Taxes on in a Prior Year? There is a Solution to Provide Tax Relief.

If you've found yourself in a situation where you've repaid income that you initially reported as taxable in a prior year, you might be eligible for tax relief through the Claim of Right doctrine.

Why December 31,2026 is a Make-or-Break Date for Original QOF Investors

If you invested in a Qualified Opportunity Fund (QOF) using deferred capital gains, pay attention: the law requires that deferred gains be included in income no later than December 31, 2026. That deadline is real, unavoidable unless Congress or the IRS provides relief, and it can mean a large, unexpected tax bill even if your fund hasn’t paid you a dime.