Lisa Marie Brugman, EAIRS penalties can add up fast — but many are avoidable or removable. This post breaks down the most common IRS penalties and explains when penalty abatement, including First Time Penalty Abatement, may apply.
Lisa Marie Brugman, EAThinking about a Roth conversion? This guide explains how Roth conversions work, when they make sense, and when they can create unnecessary tax bills — so you can decide whether converting now or later is the smarter move.
Lisa Marie Brugman, EACurious which education expenses are tax-deductible? This guide breaks down what qualifies for the AOC and LLC, what doesn’t count, and when education can be deducted as a business expense — all in simple, easy-to-understand terms.
Lisa Marie Brugman, EAWondering if you can deduct client gifts on your 2025 taxes? Learn what the IRS allows, what counts toward the $25 limit, which costs you can deduct fully, and how to stay audit-ready while still showing clients appreciation.