Taking Control with Self-Directed IRAs
You have until April 15, 2026, the tax filing deadline, to make 2025 contributions to an IRA.
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If You’re Closing Your Business, Don’t Forget These Tax Steps
Closing a business can be overwhelming. But it’s important not to let tax duties fall through the cracks.
Which Parent Gets the Tax Breaks After Divorce?
IRS rules determine who can claim many child-related federal income tax breaks after parents divorce or legally separate.
New: IRS Direct Pay for Businesses
The IRS has expanded its Direct Pay system to allow businesses to make certain federal tax payments online directly from
Kim Cabanayan’s New Role: Controller
We are pleased to announce that Kim Cabanayan has moved to the position of Controller for Wheeler! Congratulations to Kim.
Estate Planning for 2026 and Beyond
Until recently, much tax uncertainty surrounded estate planning. The Tax Cuts and Jobs Act doubled the federal gift and estate tax exemption...
2026 Tax Law Changes for Businesses
Here’s a sampling of some significant tax law changes going into effect this year: Increase of the Section 179 expensing limit...
Unlock Bigger Deductions on Rental Real Estate
Many rental property owners are surprised to learn that federal tax law often restricts their ability to deduct losses, treating most rental activities as passive unless specific requirements are met.
Can You Claim a Tax Deduction for Tips or Overtime Income?
If you received tips or overtime pay in 2025, you may be eligible for a new deduction when you file your income tax return.