The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

The IRS says pastors endorsing political candidates during services should not risk losing their tax-exempt status.

This update discusses a new and interesting development with respect to how certain non-US and US tax-exempt investors can ...

The IRS is allowing more partnerships and S corporations to take advantage of exemptions from requirements to file reports on their foreign income, which many tax preparers have complained are ...

The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

On July 4, 2025, the federal government enacted H.R. 1, “An Act to provide for reconciliation” which is popularly known as ...

Tax-exempt does not mean you don’t have to report the income on your tax return. However, it will not be added to your taxable income on your return.

The Bureau of Internal Revenue released Revenue Regulation  15-2025 on April 29, 2025, clarifying and updating the tax rules ...

Short-term rentals have become a lucrative investment opportunity, especially with the rise of platforms like Airbnb and VRBO ...

Range reports that Trump's "Big Beautiful Bill" offers significant tax changes for high earners, including increased estate ...

A policy change by the Trump administration could have large impacts on churches throughout Montana and the country. And in a ...