When most house flippers evaluate a project, they focus on purchase price, renovation costs, holding expenses, and projected resale value. While these factors are critical, one of the most significant drivers of profitability often receives far less attention: tax classification. For real estate professionals, the distinction between being classified as a real estate dealer or a real estate investor can have a substantial impact on taxes owed and overall returns. The IRS ap

IRS Tax Tip 2026-64 Highlights New Opportunities for Businesses Employers that provide paid family and medical leave (PFML) benefits to their employees may now have even greater tax-saving opportunities available to them. Recent changes under the Working Families Tax Cuts legislation have expanded and enhanced the federal Paid Family and Medical Leave Tax Credit, making it more accessible and valuable for many businesses, including small employers. If your organization of

Receiving a tax refund is usually welcome news. But what happens if the IRS sends you money by mistake? A recent Tax Court case serves as an important reminder: an erroneous tax refund isn't yours to keep. The Case: When the IRS Got It Wrong A landscape architecture firm received a refund of payroll taxes along with interest from the IRS. The refund resulted from an IRS processing error that incorrectly reduced the company's employment tax liability to zero after mistakenly