Maybe you remember (I certainly do because it was a pain for accounting purposes) that for 2022, there were two rates for the business mileage allowance. Pre 7/1/2022 it was 58.5 cents per mile, and post 7/1/2022 it was 62.5 cents per mile. I was so happy that they went back to one-rate-per-year since then. Well, here we go again...with little fanfare, the IRS has "announced" that we have two rates again for 2026. Before 7/1 it was 72.5 cents per mile, and after 7/1 it is

Take this for what it's worth, but Consumer Affairs reported on which states that it found had the highest tax-related identity theft problems. Unfortunately, North Carolina was number seven ! (To my New Jersey folks: NJ was not in the top ten, but NJ was not the bottom ten either). Note that we are talking about "tax-related", which typically means that a bad actor obtains a social security number and proceeds to use it to file a return and claim false tax refunds. Be very

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