Robert P. Russo CPA

Choosing the right business structure is a million-dollar question. With the passage of the One Big Beautiful Bill (OBBBA), many core tax provisions that were set to expire have been made permanent or expanded. Whether you are an LLC, a sole proprietorship, or an employee looking to launch a startup, understanding the S Corp structure is essential for maximiz...

With summer vacations and school breaks around the corner, many parents are turning to day camps to keep their children active and supervised. Under the updated 2026 tax laws—specifically the provisions from the One Big Beautiful Bill (OBBBA)—those camp expenses could lead to a significantly higher tax credit than in previous years.

The ...

Surprised by a small or non-existent 2026 tax refund? You’re not alone. While the media often focuses on last-minute savings, the real headlines this year are about the One Big Beautiful Bill (OBBBA). This massive piece of legislation has fundamentally shifted how deductions work, leaving many taxpayers wondering where their expected “windfall” went.

Under the Fixing America’s Surface Transportation (FAST) Act, the IRS has the authority to certify individuals with “seriously delinquent tax debts” to the State Department. This certification can lead to the denial of a passport application or renewal and, in some cases, the revocation of an existing passport.

If you live or work outside the United States, your tax obligations remain largely the same as those of U.S. citizens, including for dual citizens. However, the IRS recognizes the unique challenges of filing from overseas by granting an automatic two-month extension. For the 2026 tax season, your federal income tax return and any tax due must be submitted by June 15, ...