The IRS has issued new guidance on Section 530 relief, an important protection for businesses that treat workers as independent contractors. Rev. Proc. 2025-10 replaces older IRS procedures and gives more detail on when a business may avoid federal employment tax liability if the IRS later challenges its worker classifications. For businesses that use...
Abeles and Hoffman, P.C. is pleased to share that Ronald Abeles, Founder, and Stuart Z. Hoffman, Founder have been named to the Forbes Best-In-State CPAs list. This recognition highlights professionals who demonstrate excellence in their field and a strong commitment to client service. Their leadership, experience, and dedication have played a significant role in shaping...
A new opportunity is now available for businesses that may be eligible to recover certain U.S. tariffs. Phase 1 of the tariff refund process officially opened on April 20 through the ACE portal. This initial phase allows importers of record and customs brokers to begin filing refund claims for tariffs imposed under the International Emergency Economic...
Dear Clients and Friends, We want to make you aware of a recent change by the United States Postal Service (USPS) that could affect mailed tax returns, payments, and other time-sensitive documents. What Changed? Effective December 24, 2025, USPS updated its postmarking procedures. In most cases, machine-applied postmarks will now reflect the date mail is...
Dear Clients and Friends, The IRS is encouraging taxpayers to create an IRS Individual Online Account for added security and convenience. It is a secure way to access your tax information and can help protect against identity theft. The online account will allow you to view adjusted gross income, check refund status, verify estimated...
The One Big Beautiful Bill Act (OBBBA) made important updates to the tax treatment of business meals and certain employer-provided food and beverages. The biggest practical impact for many employers: starting January 1, 2026, many workplace meals and food programs that were historically deductible (or partially deductible) may now be fully nondeductible unless a specific...
Andrew Dorn joined Abeles and Hoffman P.C. in 2017 and serves as a Tax Supervisor. In his role, Andrew prepares and reviews a wide range of tax returns, including individual, entity, gift, and non-profit filings. He also supports clients in industries such as real estate, construction, and medical services, offering tax preparation and compliance assistance...
To Our Clients and Friends: As we head towards the end of 2025, under the newly enacted One Big Beautiful Bill (OB3), a number of key provisions and extensions create significant opportunities for both individuals and businesses to reduce taxes and strengthen their financial positions. This letter provides an overview of important planning strategies,...
Authored By: Brad Indelicato, CPA, ABV, CVA This guide explains how to enroll a trust in EFTPS. EFTPS requires trusts to enroll under the Business category. NOTE: The Electronic Federal Tax Payment System (EFTPS) is provided free by the U.S. Department of the Treasury. After you have enrolled and received your credentials, you can...
Michele Duvall, CPA, joined Abeles and Hoffman P.C. in 2012 and serves as a Tax Senior Manager. In her role, Michele supervises staff, prepares and reviews tax returns, manages client relationships, and assists with audit engagements, compilations, and financial statement reviews. She also provides specialized expertise in foreign asset reporting, including FACTA compliance and other...