US Taxation

Alternative Minimum Tax (AMT) Updates: Avoiding Surprises in 2025 & 2026

The Alternative Minimum Tax (AMT) runs alongside the regular income tax system, ensuring that certain taxpayers pay a minimum amount…

2 weeks ago

Alternative Minimum Tax (AMT) in 2025: Increased Exemption Levels and Planning Considerations

The Alternative Minimum Tax (AMT) was originally designed to ensure that high-income earners who benefit from various deductions and credits…

2 weeks ago

2025 Tax Planning Guide: Key Form 1040 Updates Every Family Should Know

As families prepare for the 2025 tax season, it's crucial to understand the latest changes to IRS Form 1040 and…

2 weeks ago

2025 Health FSA Contribution Limits Increased: What Employees Should Know

As health care costs continue to climb, the IRS has increased the annual contribution limit for Health Flexible Spending Accounts…

2 weeks ago

IRS Form 1040-NR for 2025: No Structural Updates, but Tax Deadline Confirmed as June 16, 2025

IRS Form 1040-NR is the tax return used by nonresident aliens of the United States to report income earned within…

2 weeks ago

Year-End Tax Planning for 1040, 1120S, and 1065 Filers

As the end of the year approaches, tax planning becomes a critical task for businesses and individuals alike. Proper year-end…

1 month ago

Why You Should Hire a Tax Professional Instead of DIYing Form 1065

Filing taxes can be a daunting task for business owners, especially when it comes to complex forms like Form 1065,…

1 month ago

Why U.S. CPAs Are Outsourcing Sales & Use Tax Compliance to India

Sales and use tax compliance can be a daunting and time-consuming process for U.S. CPAs. With constantly changing regulations, varying…

1 month ago

Why U.S. CPA Firms Trust PEAK Business Consultancy Services for Tax Outsourcing

In the fast-paced world of tax preparation, efficiency, accuracy, and reliability are paramount. As U.S. CPA firms face increasing demands…

1 month ago

Why More U.S. CPAs Are Outsourcing 1120, 1120S, and 1065 Prep to India

As U.S. businesses and their CPAs face increasing pressure to streamline operations, reduce costs, and meet growing client demands, many…

1 month ago

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