For decades, the IRS has provided taxpayers with an important form of penalty relief known as First Time Abatement (FTA)

The One Big Beautiful Bill Act (OBBBA) has introduced some of the most significant tax and planning changes in years—bringing a mix of permanent rules, temporary opportunities, and deadlines that directly impact year-end decisions. As we approach December 31, now is the time to evaluate which provisions can benefit you, what adjustments should wait, and what opportunities will disappear if not acted upon this year. At our firm, we’re helping clients navigate these changes wi

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2026 Tax update