December 2024
IRS, Security Summit Partners Urge People to Watch Out for Bad Tax Advice on Social Media
The Internal Revenue Service and the Security Summit partners issued a consumer alert about the growing threat of bad tax advice on social media that continues to dupe people into filing inaccurate tax returns. The [...]
Get Tax Breaks for Energy-Saving Purchases This Year Because They May DisappearÂ
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too late. On the campaign trail, President-Elect Donald Trump [...]
How Inflation Will Affect Your 2024 and 2025 Tax Bills
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. The IRS recently announced next year’s [...]
Nationwide Injunction Halts Beneficial Ownership Information Reporting Requirements
A federal district court in Texas has issued a nationwide preliminary injunction blocking the enforcement of the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA). This decision, made in the case Texas Top Cop [...]
Giving Back: Linkenheimer LLP Volunteers with Redwood Gospel Mission
At Linkenheimer LLP, community is at the heart of everything we do. Last week, our team had the privilege of volunteering with the Redwood Gospel Mission at the Sonoma County Fairgrounds, an event focused on [...]
Tax Relief for California Wildfire Victims Moves Closer to Reality
After years of frustrating delays, wildfire victims in California are on the brink of receiving long-awaited tax relief. The U.S. Senate has unanimously passed the Federal Disaster Tax Relief Act, which exempts settlement payments for victims [...]