IRS rules determine who can claim many child-related federal income tax breaks after parents divorce or legally separate.
Continue readingNew: IRS Direct Pay for Businesses
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.
Continue readingEstate 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…
Continue reading2026 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…
Continue readingUnlock 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.
Continue readingCan 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.
Continue readingBusinesses: Act Soon to Take Advantage of Clean Energy Tax Incentives
While legislation signed into law in 2025 extends or enhances many tax breaks for businesses, it ends some clean energy tax incentives.
Continue readingMake Smart Choices With a Sudden Windfall
An unexpected influx of money (such as from an inheritance, bonus, legal settlement or lottery win) can feel exciting and full of possibility.
Continue reading2026 Tax Law Changes for Individuals
Here’s a sampling of some significant tax law changes going into effect this year…
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