Reid Kopald
Articles
One Big, Beautiful Bill – and what it means for your business taxes in 2025
A sweeping reform with lasting impact for small and medium-sized businesses The tax code just got a makeover, and small businesses are finally getting more than just the leftovers. In mid-2025, Congress passed the One Big, Beautiful Bill – a sweeping package of tax reforms that promises lasting ...
6 best ways to spend your tax refund (and avoid regret)
In 2024, the average IRS refund topped $3,151. Most Americans put their refunds toward essentials like savings, paying down d...
What do i need to file my taxes? Your ultimate tax documents checklist
Tax season can feel a bit like preparing for a surprise pop quiz – except this quiz involves your entire financial life, and there’s a deadline. The million-dollar question (or maybe just a few hundred or thousand): What documents do I need for taxes? Getting organized upfront means ...
Form 8621: A guide for shareholders of passive foreign investment companies
If you've ever felt like tax forms are written in a secret code, you're not alone. Form 8621, or "Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund," is no exception. This guide aims to translate this tax jargon into someth...
Form 5405 explained: How (and when) to repay the first-time homebuyer credit
Still making payments for a home you haven’t lived in for years If you bought your home in 2008 and claimed the First-Time Homebuyer Credit, the IRS might still be expecting a check. And if your living situation has changed – you might...
Tax deductions for charitable donations: A complete guide 2025
Making charitable donations not only helps worthy causes but can also provide significant tax benefits. Understanding how tax deductions work for charitable contributions can help you maximize your giving while reducing your tax burden. Key takeaways: charitable donations can provide valuable tax deduc...