Tax Torpedoes: How the Tax Man Can Getcha
Welcome to the launch of my new series on hidden tax traps—what many call “tax torpedoes.” Stealthy, often unexpected tax consequences that can suddenly, and significantly, inflate your tax bill. They’re especially common for retirees, but they can hit workers and business owners too.
One, Big Beautiful Bill: A Reprise
Coming in at around 1100 pages, the sweeping new tax and spending bill—nicknamed, “One Big Beautiful Bill” was signed into law on July 4, 2025. While it’s already stirring up headlines and heated debates, here’s a brief summary of what it actually means for taxpayers and small business owners like you.
One, Big Beautiful Bill
It’s not law yet, but the current administration’s “Big Beautiful Bill” promises major changes in the tax code. Read about where it stands now.
New Hampshire Repeals Interest and Dividends Tax: What It Means for Taxpayers
The one hundred year-old Dividend & Interest Tax in New Hampshire has been repealed ahead of schedule. Read this brief summary to learn how it may affect you.
How Long Should You Keep Your Tax Records?
This article summarizes the recommendations IRS has for keeping your tax documents. Following these standards may keep you out of hot water with the IRS.