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Latest articles, insights, and updates from our team.
Tax Deductions for DJs and Tip-Based Workers: Understanding the Proposed $25,000 Tip Deduction
Recent legislative proposals associated with the "One Big Beautiful Bill Act" have suggested allowing certain workers who receive tips to deduct up to $25,000 in qualified tips. DJs, entertainers, and event professionals should understand how tips are taxed and how potential deductions may affect their tax planning.
Mar 11, 2026
What is the Trump Account and who can receive the $1,000?
In 2025, the federal government created the Trump Account under Section 530A of the Internal Revenue Code. Many families have heard about the $1,000 government deposit for children, but there is confusion about how it works, who qualifies, and whether opening one makes sense. This guide explains what the IRS officially states.
Feb 12, 2026
Do you have an international company? What Is Transfer Pricing and Why Does It Matter?
Learn what transfer pricing is, why it matters for your business, and how it's regulated in the U.S., Chile, Mexico, and Venezuela. Stay compliant and audit-ready with PROFIT MA’S expert guidance
May 5, 2025
Haven't Received Your Forms to File? Learn How to Find Them Safely on the IRS Portal
If you haven't received your tax forms to file, don't worry. We show you how to safely find and download them from the IRS portal so you can meet your tax obligations.
Apr 11, 2025
What Is the Taxpayer PIN and Why You Need It to Protect Your Tax Return
Protect your tax return with an IRS PIN. While not mandatory, a Taxpayer PIN can help you prevent fraud and add an extra layer of security. Learn how to get one, the benefits, and what to do if you lose it.
Apr 11, 2025
How to Create an IRS Account: Step-by-Step Guide
Learn how to create your IRS account step by step and easily access your tax information. A clear, updated guide by Profit MAS.
Apr 11, 2025
Complete Guide: What Is the Health Insurance Marketplace and How Can It Impact Your Taxes?
If you are considering getting health coverage through the Marketplace, it's essential to understand how this system works and how it can impact your taxes. Below is a detailed guide to help you make informed decisions and avoid tax-related surprises.
Apr 10, 2025
What is Temporary Protected Status (TPS)?
Learn what TPS is, who qualifies, how to apply, and what benefits it offers to immigrants in the United States.
Apr 5, 2025
What to Do If the IRS sends you a Letter?!
Receiving a letter from the IRS can be alarming, but it doesn’t always mean something is wrong. Learn what steps to take if you get a letter from the IRS, including verifying its authenticity, responding within the given time, and consulting a tax professional for help. Don’t panic – we’ve got you covered!
Apr 2, 2025
Common Tax Filing Mistakes and How to Avoid Them
DON'T OVERPAY ON YOUR TAXES! 9 out of 10 people make mistakes that cost them money on their tax return.
Apr 2, 2025
Make your studies work for you! $$$, What you should know before starting your studies
If your goal is to learn English, gain expertise in a professional area, or enhance your résumé, it’s crucial to understand the difference between for-credit and non-credit courses. That difference can impact not only your education but also your finances. In this article, you'll learn 💡 What types of studies may qualify for tax benefits What questions to ask before enrolling How to make sure your educational investment also benefits you during tax season
Mar 30, 2025
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