Legacy Professionals News
Recent Updates
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Making Form 1040 payments through EFTPS is anticipated to cease permanently in 2026, possibly sometime in September, for all individual account access. If you currently
- Individual Tax Alerts, News, News Flashes
A higher education is expensive, and many parents spend years saving up. Others haven’t had the financial bandwidth to save or have hit unexpected financial
- Individual Tax Alerts
The IRS has made a midyear increase in the standard mileage rate for business vehicle use, including for cars, SUVs, vans, pickup trucks and panel
- Emerging Tax and Regulations Alert, Individual Tax Alerts, News Flashes
It’s easy to focus on the excitement of a big win. But federal tax law generally treats lottery prizes, gambling winnings and other awards as
- Individual Tax Alerts
The business mileage reimbursement rate increased effective 7/1/26. The 2026 IRS business mileage rate is now 76 cents per mile for eligible travel beginning July
- News Flashes
Last year, the new tax deduction for taxpayers 65 and older was sometimes referred to as “no tax on Social Security.” In actuality, this up-to-$6,000-per-individual
- Individual Tax Alerts
Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains when they sell.
- Individual Tax Alerts
Legacy Partners Eileen Brassil and Michael Tiberi and Manager Katherine Johnson are speaking at the International Foundation of Employee Benefit Plan’s Accounting and Auditing Institute
- Employee Benefit Plan News, Out and About
The U.S. Department of Labor’s Office of Labor-Management Standards (OLMS) released a final rule effective July 1, 2026 that introduces a brand new Form LM-2
- Labor News, News Flashes
On Friday, May 29, 2026, the U.S. Department of Labor’s Office of Labor-Management Standards announced a new combined final rule which was published on Monday,
- Labor News, News Flashes
Effective June 1, 2026, we are pleased to announce the following individuals have been promoted to Manager at the Firm: John Slomba and Katelyn Crose
- Legacy Firm News, Press Releases
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time students
- Individual Tax Alerts
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