Important June 2026 Individual & Tax Due Dates

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June 2026 Individual Due Dates June 1 - Final Due Date for IRA Trustees to Issue Form 5498 Final due date for IRA trustees to issue Form 5498, providing IRA owners with the fair market value (FMV) of their IRA accounts as of December 31,…

Did You Repay Money You Paid Taxes on in a Prior Year?

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There is a Solution to Provide Tax Relief. Article Highlights: Repaid Income that Was Taxed in a Prior Year Claim of Right Doctrine Common Situations for Repayment Relief Mechanisms: Deduction or Credit Determining the Best…

The IRS Is Cracking Down on “Creative” Tax Strategies—What It Means for You

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A recent wave of IRS court victories is sending a clear message: If a tax strategy exists mainly to reduce taxes—and not for a real business purpose—it may not hold up. This isn’t a new idea. In fact, the foundation goes all the way…

The IRS Is Paying Attention Again: Why More Taxpayers Are Getting Notices

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For a period of time, IRS activity felt quieter. Response times were longer. Enforcement felt less visible. Fewer taxpayers were hearing from the IRS directly. Many people got used to that environment. Now things are shifting. Not all at…

Tax Filing Deadlines Are Rapidly Approaching

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Article Highlights: Filing due date Balance due payments Contributions to a Roth or traditional IRA Individual refund claims for tax year 2022 Filing extension Foreign Bank and Financial Accounts Report (FBAR) Estimated…

Important April 2026 Due Dates

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April 2026 Individual Due Dates April 10 -  Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during March, you are required to report them to your employer no later than April 10. You can…

Estimated Tax Payments Are Not Just for the Self-Employed

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Article Highlights: Employees Self-Employed Individuals Periodic Payments Underpayment Penalty Safe Harbor Payments Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed…

Checking Your Federal Refund Status Is Easy

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Article Highlights 24/7 Access Quick Posting Direct Deposit Necessary Information As you are no doubt aware, the IRS has made a significant shift in its approach to issuing tax refunds by discontinuing the practice of sending…

Avoid the Postal Service Drop Boxes, Your Tax Return Might Not Get Postmarked by April 15th

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Article Highlights: The "Mailbox Rule" Has Changed The New 2025 USPS Postmark Rule How to Secure Proof of Mailing Obtaining a Manual Postmark (Hand-Cancel) Best Practices for Time-Sensitive Mailings For decades, taxpayers…

Unlock Tax Savings with the New Auto Loan Interest Deduction, A Must-Read for Savvy Taxpayers!

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Article Highlights: Taxpayer Eligibility and Deduction Limits Personal Use Requirement Deduction on Mixed-Use Vehicles Types of Eligible Expenses Qualified Vehicles What Interest Qualifies Lender Reporting Requirements The…