My daughter and I enjoy the long-running show "Survivor", which I have watched on and off (but mostly on) since 2001 before she was even born (yikes!). I did NOT see the first season, which had its winner (who I won't name) consumed with tax problems ever since he won the million dollars, The crux of the issue, I believe, is that he claimed ignorance on needing to pay taxes on his winnings. I guess he went crazy and spent it all before his annual tax return was due. The c

Hello, I hope you're all doing well ! I know 99.9 % of my clients e-file their tax returns, so the USPS postmark date isn't relevant in this case. However, every so often we do need to mail something that can't be e-filed. In this case, it is important to note that there has been a change at the post office that we need to be careful about. If you "drop off" your mail at the post office, this does not necessarily ensure that your postmark will be on this same day. The "ma

Dear and clients and friends, For most, tax season for 2025 is behind us. Many were affected positively by various new rules. For example (not all-inclusive): some clients itemized deductions again on Schedule A, after not having done so since 2018. This was primarily due to the removal of the $10,000 state tax max some clients took advantage of tax-free overtime pay some clients took advantage of tax-free tips some clients took advantage of an up to $6,000 per person seni

I hope your 2026 has started off nicely ! In case you are unaware and find it useful, the new 2026 mileage rates have been announced. As a reminder, the 2025 standard rate was 70 cents per mile. Starting 1/1/2026, the new rate is 72.5 cents per mile. The rate for charitable miles stays the same at 14 cents, and the rate for medical/moving has been slightly reduced from 21 cents to 20.5 cents per mile, for some strange reason. The rate attributable to depreciation is going up