by MCCITStaff | Apr 20, 2026 | Tax Planning
With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention to other things. But before you do, it’s in your best interest to tie up a few tax-related loose ends. IRS Statute of Limitations Generally, the IRS’s statute of...
by MCCITStaff | Mar 24, 2026 | Tax Planning
A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful Bill Act (OBBBA). It’s available for certain manufacturing-related real property placed in service after July 4, 2025, and before...
by MCCITStaff | Mar 17, 2026 | Tax Planning
Did you know that you can claim tax deductions for animals that serve a bona fide business purpose? This benefit extends beyond agricultural operations. Working animals in many sectors may qualify. Here are the details. Working Animals vs. Personal Pets A working...
by MCCITStaff | Mar 10, 2026 | News, Tax Planning
The many tax-related provisions that went into effect last year after the One Big Beautiful Bill Act (OBBBA) was signed into law are affecting 2025 federal income tax returns being filed now. However, some OBBBA provisions aren’t taking effect until this year. Plus,...
