MBailey Financial

A recent federal court decision could open the door for refunds of certain IRS penalties and interest assessed during the pandemic. Learn who may qualify and why July 10, 2026 matters.

COVID-Era IRS Refunds: July 10, 2026 Deadline Some taxpayers may qualify for COVID-era IRS penalty refunds. Learn why July 10, 2026 matters.

The U.S. penny is being phased out. Learn how rounding, pricing strategy, and payment trends could impact your business—and what to do now.

What the End of the Penny Means for Businesses and Consumers

If you invested in a Qualified Opportunity Fund (QOF) using deferred capital gains, pay attention: the law requires that deferred gains be included in income no later than December 31, 2026. That deadline is real, unavoidable unless Congress or the IRS provides relief, and it can mean a large, unexpected tax bill even if your fund hasn’t paid you a dime.

Final Countdown for Qualified Opportunity Fund Investors Deferred gains invested in Qualified Opportunity Funds generally become taxable by December 31, 2026. Learn what investors should do now to prepare.

The Real Estate Professional designation is coveted among property owners due to its potential to significantly reduce how passive activity losses are taxed.

Real Estate Professional Tax Benefits