APRIL 2026
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs.  Please contact us if you have questions about any of the issues discussed.

Previous Issue

 

IRS notices are common and don't necessarily indicate a problem. This article explains why the IRS sends notices, highlights the most common types and outlines practical steps to take if one arrives. With the right information and guidance, most IRS notices can be addressed quickly and easily.


If you earn income from a side activity, the IRS will consider it to be either a hobby or a business. The tax treatment can differ significantly. All income must be reported, but only businesses can deduct related expenses. Learn what factors the IRS considers when making the hobby vs. business determination.


Growth can strengthen a small business, but without careful planning, it can create operational and financial strain. This article explores common growth mistakes and offers practical guidance for sustainable expansion.


Scholarships can significantly reduce the cost of higher education, but not all scholarship funds are tax-free. Understanding the rules can help families avoid unexpected tax liabilities.


This calendar notes important tax deadlines for the second quarter of 2026.





Important Information: The information contained in this newsletter was not intended or written to be used and cannot be used for the purpose of (1) avoiding tax—related penalties prescribed by the Internal Revenue Code or (2) promoting or marketing any tax—related matter addressed herein.

The Tax and Business Alert is designed to provide accurate information regarding the subject matter covered. However, before completing any significant transactions based on the information contained herein, please contact us for advice on how the information applies in your specific situation. Tax and Business Alert is a trademark used herein under license. © Copyright 2026.