Latest Tax News

Moassessi-Latest Tax News-Reno, NV

LATEST  TAX  NEWS

When the new tax law passed, many people started banging their heads to the wall or started pulling their teeth. They found the pain more tolerable than reading more than 1,000 pages of verbiage or regulations they could not understand.

So in order to make the new tax law more simple to understand and comprehend (non-accountant or lawyer speak of course), every Friday we will touch on different subject. I will post a short Vlog or a simple Blog about what the new tax law means to you personally, and how it may affect your business.

Year End 2025 Tax News

Frequently Asked Questions:
https://www.irs.gov/newsroom/one-big-beautiful-bill-provisions

One Big Beautiful Act Summary:
https://www.schwab.com/learn/story/one-big-beautiful-bill-act-tax-cuts?cmp=em-XCU

Year-End Check-Up:
https://www.schwab.com/learn/story/year-end-portfolio-checkup-5-tax-smart-tips?cmp=em-XCU

2025-Key-Facts-and-Figures

View PDF Document

Stay up to date with these important tax links! 

    • IRS News Releases for the Current Month – available in English, Spanish and Chinese [Click Here]
    • State of California Franchise Tax Board News Releases -newsroom and you can sign-up to receive updates [Click Here]
    • Journal of Accountancy – get your accounting geek on here with detailed articles and news for you and  your accountant [Click Here]

Important dates to remember:

    • January 31st – Form 1099
    • March 15th – Corporate (S-Corp) and Partnership Tax Returns (Extension September 15th)
    • April 15th – Personal Tax Return (Extension October 15th)
    • April 15th – Corporate (C-Corp) Tax Return Extension October 15th)
    • April 15th – Fiduciary Tax Return – (Extension September 30th)
    • April 15th – Form 709 Gift Tax Return (Extension October 15th)
    • July 31st – Form 5500 Report of Employee Benefit Plan (Extension October 15th)

Form 706 Estate Tax Return – Nine (9) months after date of death, note six (6) months extension can be filed.

Some of my favorite quotes

“Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.”
~Rumi
``Make no friendship with an elephant keeper If you have no room to entertain an elephant``
~ Saadi
“There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”
~ Albert Einstein
“I have not failed. I've just found 10,000 ways that won't work.”
~ Thomas A. Edison
“The greatest glory in living lies not in never falling, but in rising every time we fall.”
~ Nelson Mandela
“In the end, it's not the years in your life that count. It's the life in your years.”
~ Abraham Lincoln
“You always have two choices — your commitment versus your fear.”
~ Sammy Davis Jr.
“Life is a balance of holding on and letting go.”
~ Rumi
“If you are insulted, if you are accused, if they gossip about you, don't say anything bad. Don't be the one who sees the shame, be the one who corrects it.”
~ Shams
“The inspiration you seek is already within you. Be silent and listen.”
~ Rumi
“Peaceful is the one who’s not concerned with having more or less.
Unbound by name and fame, he is free from sorrow from the world and mostly from himself.”
~ Rumi