Divorce is not only an emotional process but also a financial one, with significant tax implications. From dividing assets to handling...

Real estate can provide excellent opportunities for cash flow and tax savings, but not all rental properties are treated the same under...

FBAR Reporting Requirements: What You Need to Know For U.S. taxpayers with foreign financial accounts, compliance with the Foreign Bank...

When it comes to saving money on your taxes, education tax credits can be an incredible benefit for families and students. These credits...

Key Takeaways: Early Start – Qualifying children born between 2025 and 2028 will automatically receive $1,000 in their Trump Account from...

If you own your own business and have children, there’s a legitimate and often overlooked tax strategy that can help you lower your...

Section 1202 of the Internal Revenue Code provides one of the most powerful tax incentives available to entrepreneurs, investors, and...

Choosing the right business entity is one of the first—and most important—decisions for any business owner or real estate investor....

Don’t Miss This Valuable Tax Write-Off During Renovations: What to Know About Partial Dispositions When it comes to real estate...

What High-Income Taxpayers and Property Owners Need to Know With the signing of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025,...

On July 4th, the One Big Beautiful Bill  was officially signed into law, ushering in one of the most substantial overhauls to the tax...

What the “One Big Beautiful Bill Act” Means for Your Taxes - An In-Depth Summary for Clients of Shifflett & Philips CPA – July 2025  ...