Many taxpayers are surprised to learn this: if you never filed a tax return, the IRS can legally go back forever. There is no statute of limitations on unfiled returns. The clock only starts once a return is filed. So why does the IRS talk about a 6-year rule? Because while the IRS can  demand every unfiled year, they generally don’t. The 6-year rule is an IRS administrative policy, not a legal limit—but it matters when you’re trying to get back into compliance. No Statute of

Getting a big tax refund isn’t a win—it’s a sign you gave the IRS an interest-free loan all year. Learn why refunds drain your cash flow and how smarter withholding keeps more money in your pocket.

If you’ve ever received money from abroad — whether it’s from freelance work, consulting, or royalties — the IRS wants to know. U.S. taxpayers may need to report those payments using Form 1099 (for U.S. payees) or Form 1042-S (for foreign payees).

The year’s winding down — but before you celebrate, make sure your fourth-quarter estimated tax strategy is solid. Planning now can help you avoid penalties, reduce surprises in April, and keep more of your hard-earned money where it belongs. Know Your Final Payment Deadline The last estimated tax payment for 2025 is due January 15, 2026. You can pay using EFTPS, IRS Direct Pay, or your state’s online payment system (like CA WebPay for California residents). If you file your

When Congress fails to pass a budget or temporary funding bill, the federal government enters what’s known as a shutdown.

As the year winds down, one of the best ways to save on taxes and strengthen your financial future is by maximizing retirement contributions before December 31st.

Most business owners know the big-ticket deductions — rent, payroll, and office supplies — but some of the best deductions are hiding in plain sight.

In today’s world, digital app payments have become the new norm. Whether you’re sending money to a friend through Venmo, collecting rent via Zelle, or accepting business payments on PayPal or Cash App, these platforms make transactions faster and more convenient.

Congress has officially passed H.R. 1 – the “One Big Beautiful Bill”, and it’s now law. This sweeping tax legislation makes many of the...

Nobody loves doing their taxes twice — but sometimes it’s necessary.

Common Tax Traps for U.S. Expats—and How to Avoid Them