Tax Updates

IRS Notice 2026-11 expands bonus depreciation to qualified sound recordings. Learn what the new guidance means for artists, producers, record labels, and others investing in music production.

New California FTB guidance may affect out-of-state trusts with California beneficiaries. Learn what FTB Ruling 2026-01 means and when a trust review may be appropriate.

The IRS has introduced Automatic Penalty Relief (AEP), a new initiative that automatically removes certain tax penalties for eligible taxpayers with a strong compliance history. Learn who qualifies, when the new rules take effect, and what they mean for you.

Taxpayers who paid IRS penalties or interest during the COVID-19 disaster period may have an opportunity to preserve potential refund rights. Learn how protective refund claims, IRS Form 843, and the Kwong decision could impact key July 2026 filing considerations.

The One Big Beautiful Bill Act preserves valuable solar tax credits while establishing new deadlines for qualifying projects. Learn how New Jersey taxpayers and businesses can take advantage of available federal and state incentives before key opportunities expire.

Update: The IRS is ending this conservation easement settlement initiative and creating a new internal office for these cases. Pending cases may still request settlement through examination or chief counsel.

The One Big Beautiful Bill Act created Trump Accounts, including a potential $1,000 government contribution for eligible children born between 2025 and 2028. Learn who qualifies, contribution limits, investment rules, and key considerations for families.