On March 25, 2025, President Donald Trump issued Executive Order 14247 which was issued to help prevent theft of tax refunds and to reduce the cost and infrastructure needed to continue processing paper checks.

Originally, the EBL was set to expire in 2028; however, the bill has made the limitation permanent.

The ongoing government shutdown, which began October 1, 2025, has paused many IRS functions and could impact certain tax-related processes. HHM CPAs is here to help you stay compliant and informed during this period.

With recent updates to IRS Publication 3891, taxpayers in certain states must now mail payments and filings for 1040-ES, 1040-V, and Form 941 to a new mailing address. 

The Reconciliation Bill -H.R. 1 - has introduced transformative changes to Section 1202 of the Internal Revenue Code which covers the exclusion of gain from the sale or exchange of Qualified Small Business Stock (QSBS). These updates significantly broaden eligibility, raise cap limits, and introduce a tiered gain exclusion, providing more flexibility and tax-saving opportunities for investors.

Join the Chattanooga Bar Association and HHM's Will Clegg and Amber Mueller, CVA for a practical overview of the new Reconciliation Bill and its far-reaching tax implications.

On July 4th, 2025, President Donald Trump signed and enacted the Reconciliation Bill H.R. 1. This new bill introduced many changes to existing individual tax provisions, including tax rates, deductions, credits, and alternative minimum tax rules.

Welcome to the second installment of HHM CPAs’ webinar series exploring key changes in tax law stemming from the Reconciliation Bill.

The Reconciliation Bill, which was signed into law on July 4, 2025, introduced many tax changes, among them is an increase to the State and Local Tax (SALT) deduction that is claimed on Schedule A of Form 1040.