Rusk & Company » Tax news https://www.ruskcpa.com Sat, 15 Aug 2026 23:56:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.2.38 IRS Transitions to Electronic Payments https://www.ruskcpa.com/irs-transitions-to-electronic-payments/ https://www.ruskcpa.com/irs-transitions-to-electronic-payments/#comments Sat, 17 Jan 2026 01:45:37 +0000 http://www.ruskcpa.com/?p=752 Rusk & Company is glad to provide this important notice concerning the requirement to use electronic payment systems for most payments to the IRS. Download and read the notice, HERE.

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]]> Rusk & Company is glad to provide this important notice concerning the requirement to use electronic payment systems for most payments to the IRS.

Download and read the notice, HERE.

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]]> https://www.ruskcpa.com/irs-transitions-to-electronic-payments/feed/ 0 Client Line Newsletter January 2026 https://www.ruskcpa.com/client-line-newsletter-january-2026/ https://www.ruskcpa.com/client-line-newsletter-january-2026/#comments Fri, 26 Dec 2025 16:39:16 +0000 http://www.ruskcpa.com/?p=746 In this month’s Client Line Newsletter, several pertinent topics are covered: Overview of “Trump accounts” — government-funded investment accounts designed to help children build wealth from birth Ways to trim tax on investments Changes to the Child Tax Credit and the Child … Read More

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In this month’s Client Line Newsletter, several pertinent topics are covered:

  • Overview of “Trump accounts” — government-funded investment accounts designed to help children build wealth from birth
  • Ways to trim tax on investments
  • Changes to the Child Tax Credit and the Child and Dependent Care Tax Credit
  • “Earnings Before Interest, Taxes, Depreciation, and Amortization” (EBITBA)
  • Which states; taxpayers will get the biggest breaks from OBBBA?

Click HERE to download and view the newsletter.

Reminder, Rusk CPA recently published a concise breakdown of tax-related provisions in the OBBBA;
click HERE to download and view.

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]]> https://www.ruskcpa.com/client-line-newsletter-january-2026/feed/ 0 How the Cost of Your Medicare Premium is Determined https://www.ruskcpa.com/how-the-cost-of-your-medicare-premium-is-determined/ https://www.ruskcpa.com/how-the-cost-of-your-medicare-premium-is-determined/#comments Wed, 10 Dec 2025 19:25:39 +0000 http://www.ruskcpa.com/?p=741 Please enjoy this white paper by Michael Rusk, CPA: Click HERE to download and view the helpful document.

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]]> Please enjoy this white paper by Michael Rusk, CPA:

Click HERE to download and view the helpful document.

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]]> https://www.ruskcpa.com/how-the-cost-of-your-medicare-premium-is-determined/feed/ 0 Understanding tax-related provisions in the One Big Beautiful Bill Act https://www.ruskcpa.com/understanding-tax-related-provisions-in-the-one-big-beautiful-bill-act/ https://www.ruskcpa.com/understanding-tax-related-provisions-in-the-one-big-beautiful-bill-act/#comments Thu, 11 Sep 2025 02:20:36 +0000 http://www.ruskcpa.com/?p=731 We’ve put together a concise breakdown of the tax-related provisions in the One Big Beautiful Bill Act (often nicknamed the “Big Beautiful Bill”), signed into law on July 4, 2025. These measures include both permanent reforms and temporary reliefs set … Read More

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]]> We’ve put together a concise breakdown of the tax-related provisions in the One Big Beautiful Bill Act (often
nicknamed the “Big Beautiful Bill”), signed into law on July 4, 2025. These measures include both
permanent reforms and temporary reliefs set to expire around 2028, with broader tax policy changes
stretching into the future.

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Click HERE to download the 2-page paper.

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]]> https://www.ruskcpa.com/understanding-tax-related-provisions-in-the-one-big-beautiful-bill-act/feed/ 0 9 Things that SECURE 2.0 Changes https://www.ruskcpa.com/9-things-that-secure-2-0-changes/ https://www.ruskcpa.com/9-things-that-secure-2-0-changes/#comments Sat, 30 Dec 2023 01:03:41 +0000 http://www.ruskcpa.com/?p=676 The legislation enacted in the SECURE Act 2.0 provides a slate of changes that could help strengthen the retirement system—and Americans’ financial readiness for retirement. Read our analysis of the 9 things that SECURE 2.0 changes, HERE.

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The legislation enacted in the SECURE Act 2.0 provides a slate of changes that could help strengthen the retirement system—and Americans’ financial readiness for retirement.

Read our analysis of the 9 things that SECURE 2.0 changes, HERE.

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]]> https://www.ruskcpa.com/9-things-that-secure-2-0-changes/feed/ 0 BUSINESS OWNERS: WHO IS AN EMPLOYEE VS. WHO IS AN INDEPENDENT CONTRACTOR? https://www.ruskcpa.com/business-owners-who-is-an-employee-vs-who-is-an-independent-contractor/ https://www.ruskcpa.com/business-owners-who-is-an-employee-vs-who-is-an-independent-contractor/#comments Mon, 30 Oct 2023 00:50:29 +0000 http://www.ruskcpa.com/?p=666 The question of whether a worker is an independent contractor or employee for federal income and employment tax purposes is a complex one. It is based on individual facts and circumstances, and the stakes can be very high.   To learn much … Read More

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]]> The question of whether a worker is an independent contractor or employee for federal income and employment tax purposes is a complex one. It is based on individual facts and circumstances, and the stakes can be very high.

 

To learn much more about this crucial topic,
click HERE to download and view a PDF authored by Michael Rusk, CPA.

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]]> https://www.ruskcpa.com/business-owners-who-is-an-employee-vs-who-is-an-independent-contractor/feed/ 0 Filing Requirements for Forms 1099, 1098, and Other Reporting Situations https://www.ruskcpa.com/filing-requirements-for-forms-1099-1098-and-other-reporting-situations/ https://www.ruskcpa.com/filing-requirements-for-forms-1099-1098-and-other-reporting-situations/#comments Wed, 04 Jan 2023 22:32:39 +0000 http://www.ruskcpa.com/?p=632 We have entered January 2023 and want to provide you with some reminders regarding Form 1099 filing requirements for 2022. You can download and view the 3-page advisory HERE.

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]]> 1099-R2022-2372bb9e77514c4a8af4bcc393b6cd36.jpegWe have entered January 2023 and want to provide you with some reminders regarding Form 1099 filing requirements for 2022.

You can download and view the 3-page advisory HERE.

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]]> https://www.ruskcpa.com/filing-requirements-for-forms-1099-1098-and-other-reporting-situations/feed/ 0 2022 Year-End Income Tax Planning for Individuals https://www.ruskcpa.com/2022-year-end-income-tax-planning-for-individuals/ https://www.ruskcpa.com/2022-year-end-income-tax-planning-for-individuals/#comments Fri, 16 Dec 2022 15:41:34 +0000 http://www.ruskcpa.com/?p=618     With the year-end approaching, this is the time of year we suggest possible year-end tax strategies for our clients. You may download this 4-page guide HERE.

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With the year-end approaching, this is the time of year we suggest possible year-end tax strategies
for our clients.

You may download this 4-page guide HERE.

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]]> https://www.ruskcpa.com/2022-year-end-income-tax-planning-for-individuals/feed/ 0 Regulators Clear Way for Certain Loan Modifications Amid Coronavirus Pandemic https://www.ruskcpa.com/regulators-clear-way-for-certain-loan-modifications-amid-coronavirus-pandemic/ https://www.ruskcpa.com/regulators-clear-way-for-certain-loan-modifications-amid-coronavirus-pandemic/#comments Tue, 24 Mar 2020 17:12:26 +0000 http://www.ruskcpa.com/?p=492 Borrowers concerned about meeting loan obligations amid the Coronavirus pandemic may receive some relief from regulators who pledged to clear the way for critical loan modifications. The regulators from the FDIC, National Credit Union Administration, and Consumer Financial Protection Bureau … Read More

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]]> Borrowers concerned about meeting loan obligations amid the Coronavirus pandemic may receive some relief from regulators who pledged to clear the way for critical loan modifications. The regulators from the FDIC, National Credit Union Administration, and Consumer Financial Protection Bureau said that institutions working with borrowers related to the COVID-19 pandemic will receive leeway by treating the loan modification as “Troubled Debt Restructurings” (TDRs) and will not automatically adversely affect the credit risk rating of the institution.

Borrowers requiring assistance need to act fast and reach out the to their lenders to ensure any COVID-19 relief is provided prior to falling out of good standing with the institution.

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