
Deductibility of Business Meals after the OBBBA
The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, made changes to the allowable business meals deduction. Beginning

The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, made changes to the allowable business meals deduction. Beginning

In a recent News Release, the IRS announced that it will begin phasing out paper refund checks beginning on September

Schedule K-2 is an extension of Schedule K and is used to report items of international tax relevance from the operation of a

GYF has the privilege of serving clients across the country, giving our team a wealth of experience dealing with many

Taxpayers and tax preparers alike will agree that paying taxes is rough – at times, the whole process may seem

Early this year, the Internal Revenue Service rolled out a new program called Direct File, a free tax tool that

On October 22, 2024, The Internal Revenue Service announced inflation adjustments for the coming tax year of 2025. The adjustments

While the Employee Retention Credit (ERC) has helped many businesses, other companies, as well as the IRS, continue to experience

As the deadline approaches for filing informational tax returns, it is important to consider the updated filing requirements for these

The Inflation Reduction Act, effective August 16, 2022, included legislation that increases IRS funding by roughly $80 billion over the

A recent blog post provided an update on the development of IRS initiatives to help businesses that were victims of

After issuing a moratorium on new Employee Retention Credit (ERC) claims last month (see related post), the IRS announced on
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