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A Tax Shake-Up Hits Poker Pros Just as Trump Signs the “One Big Beautiful Bill” on July 4
President Trump is set to sign the sweeping One Big Beautiful Bill Act during a special Independence Day ceremony at the White House. While the event celebrates his second-term triumph, one provision in the bill could severely hit poker players and other gamblers. What’s changing? Under current tax rules, gambling losses can be fully deducted
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Tax Resolution Program Spotlight: First Time Penalty Abatement (FTA)
What Is First Time Penalty Abatement?The First Time Penalty Abatement is a one-time administrative waiver offered by the IRS. It allows qualifying taxpayers to remove certain penalties for: Who Might Qualify for FTA? You may be eligible for FTA if: FTA is available for both individual and business taxpayers and applies only to a single
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What Happens When You Have Multiple Years of Unfiled Returns?
If you’ve fallen behind on filing your taxes for multiple years, you’re not alone—and you’re not beyond help. Every year, thousands of Americans find themselves in the same situation. Whether it’s due to personal hardship, disorganization, or simply being overwhelmed, the consequences of unfiled returns can quickly snowball. But the good news? You have
