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Tax Articles

Understanding taxes doesn't have to be complicated. On this page, we offer easy-to-understand guides, practical tips, and expert advice to help individuals, business owners, and organizations navigate tax regulations with confidence. Whether you're preparing for tax season, exploring deductions, or staying updated on legislative changes, you'll find valuable information to support your financial success every step of the way.

One-Time Pay: 1099, Kiddie Tax, IRA—Get it Right, Now

Jun 30, 2026

CPS Informational: One-Time Pay: 1099, Kiddie Tax, IRA—Get It Right, Now

A one-time payment to a family member or individual can have important tax implications. Whether it involves issuing a Form 1099, understanding the Kiddie Tax rules, or making an IRA contribution, proper reporting and planning are essential to avoid costly mistakes and maximize available tax benefits.

Before making or reporting a one-time payment, it’s important to understand the applicable tax rules and filing requirements.

👉 Consult a tax professional to determine the best approach for your specific situation and ensure compliance with IRS regulations.

Credits: Copyright © 2026 Bradford Tax Institute

For questions or clarifications, please feel free to contact us using the details below.

Bookkeeping Manager

Jun 23, 2026

🎉 We’re growing, and we want you to grow with us!

CPS is looking for a talented and experienced Bookkeeping Manager to join our team.

If you’re passionate about numbers, have strong leadership skills, and thrive in a fast-paced environment, this could be the perfect opportunity for you.

📩 Apply today and become part of our team.

A Little-Known Way to Pay Family and Save on Taxes

Jun 12, 2026

CPS Informational: A Little-Known Way to Pay Family and Save on Taxes

Did you know that, under certain circumstances, paying family members through your business may provide legitimate tax-saving opportunities while keeping income within the family?

Proper planning and compliance with tax regulations are essential to ensure these strategies are implemented correctly and effectively.

👉 Consult a tax professional to determine whether this approach may be suitable for your specific situation.

Credits: Copyright © 2026 Bradford Tax Institute

For questions or clarifications, please feel free to contact us using the details below.

Potential Refund Opportunity for Penalties and Interest Paid to IRS

Jun 2, 2026

CPS Informational: Potential Refund Opportunity for Penalties and Interest Paid to IRS

Certain taxpayers may be eligible for a refund of penalties and interest assessed by the IRS, depending on the circumstances of their filing and payment periods.

👉 Don’t miss the opportunity to review your account for possible refunds.

Credits: Copyright © 2026 Abbott, Stringham & Lynch, All rights reserved.

For any questions and clarifications, please feel free to contact us through the given details below.

This One Mistake Can Make Your QCD Fully Taxable

Mar 4, 2026

CPS Informational: This One Mistake Could Make Your QCD Fully Taxable!

Don’t risk losing your tax advantage! One small error may turn your qualified charitable distribution into a taxable event.

👉 Know the rule before you file.

Stay smart. Stay protected.

Credits: Bradford Tax Institute
For any questions and clarifications, please feel free to contact us through the given details below.

OBBBA Supercharges The Employer Childcare Credit For 2026

Feb 24, 2026

CPS Informational: OBBBA Supercharges the Employer Childcare Credit for 2026

🚨Supporting working parents just became more rewarding.

OBBBA expands the Employer Childcare Credit for 2026 — potentially increasing the tax benefits available to your business.

Now’s the time to start planning. ✅

Credits: Bradford Tax Institute
For any questions and clarifications, please feel free to contact us through the given details below.

Husband-And-Wife LLC

Feb 17, 2026

CPS Informational: Husband-and-Wife LLC—Do They Have to File a Partnership Return?

Running a business with your spouse?
Learn how the IRS treats husband-and-wife businesses before you file. 😊

Credits: Bradford Tax Institute
For any questions and clarifications, please feel free to contact us through the given details below.

5 Types of Gifts the IRS Won't Tax

Feb 4, 2026

CPS Informational: 5 Types of Gifts the IRS Won't Tax Even If They're Big

💡 Not all big gifts trigger taxes! The IRS allows certain large gifts to stay completely tax-free — if you know the rules.

Credits: Kiplinger, Kelley R. Taylor
For any questions and clarifications, please feel free to contact us through the given details below.

When Work Clothing is Deductible

Jan 27, 2026

CPS Informational: When Work Clothing is Deductible

Can You Deduct Your Work Clothes?
Most everyday clothes don’t count—but some do.
Learn what qualifies before you file. 😊

Credits: Bradford Tax Institute
For any questions and clarifications, please feel free to contact us through the given details below.

Should You Skip Home-Office Depreciation to Dodge Recapture?

Jan 20, 2026

CPS Informational: Should You Skip Home-Office Depreciation to Dodge Recapture?

Not sure what the right move is?
You don’t have to guess—good info leads to better decisions. 😊

Credits: Bradford Tax Institute

For any questions and clarifications, please feel free to contact us through the given details below.

New California Employer Notice Requirements Under Senate Bill 294

Jan 9, 2026

CPS PC Informational: Important HR Update – California Employer Notice Requirements

📢 Attention California Employers!
We’re sharing an important HR update provided by LevelUp Pros on Senate Bill 294. Make sure your business stays compliant with the new employer notice requirements.

Credits: LevelUp Pros, LLC

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