Being subject to the alternative minimum tax (AMT) can "change the math" for some individuals hoping to minimize their federal income tax liability for the 2026 tax year. Recent tax law changes reset exemption phaseout thresholds and increased the phaseout rate, which may raise exposure. We discuss key risk factors.

Becoming a first-time parent brings new financial responsibilities — and new tax considerations. Learn about tax credits that may be available, how a new child can affect filing status and income tax withholding, and why reviewing these factors early can help new parents prepare for tax time.

Word of mouth remains one of the best, most efficient ways to attract customers. So if you don't already have one, create a structured referral program that helps your business identify referral sources, track leads, quantify new revenue and reward advocates.

The questions we answer in this article are:

1. Are employees taxed on their personal use of frequent flyer miles earned by business travel?
2. When are employer-provided cell phones a taxable fringe benefit?