Tax news, expert insights, and practical guides from Precise Accounting.
The IRS has launched a new official mobile app replacing IRS2Go, offering taxpayers a secure and expanded way to manage their account, check refund status, view balances, make payments, and retrieve an IP PIN.
An overview of major tax changes affecting individuals, families, employees, and business owners, including higher standard deductions, senior deductions, tip and overtime rules, car loan interest, and Trump accounts.
Failing to file your tax return is far more costly than not having money to pay the tax. Learn how the Failure-to-File penalty compares to Failure-to-Pay, and explore IRS payment plans and penalty relief options.
Updated for 2026: lifetime gift and estate exemption is $15 million, annual exclusion is $19,000, and non-U.S.-citizen spouse limit is $194,000. Learn who pays the tax, when Form 709 is required, and foreign gift rules.
A step-by-step practical guide covering Schedule A deductions (7.5% AGI threshold), self-employed health insurance deductions, S-Corporation shareholder 2% rules, HSA "pay today, reimburse later" strategy, FSAs, and HRAs.