Author Archives: Russ

Shocking: State Taxes Matter to Hockey Players

I grew up in Chicago, and have been a lifelong fan of the Chicago Blackhawks.  They’ve been, to put it kindly, lousy over the past few years (after winning three Stanley Cups from 2010-2015); however, there are now signs that … Continue reading

Posted in Florida, Nevada, Tennessee, Texas, Washington State | Tagged | Leave a comment

New Jersey: We Delayed Processing Your Extension Payment So We’re Going to Penalize You for Our Error

Two clients of ours timely filed their federal and New Jersey extensions on April 15th, paying by electronic debit.  (One filed at 7am and the other at 12 noon, well before the midnight deadline.)  Both clients were waiting on K-1s, … Continue reading

Posted in New Jersey | Tagged | Leave a comment

Kalshi Preliminary Injunction in Nevada Dissolved; Kalshi Likely Soon Gone from State

This morning, a judge here in Nevada dissolved Kalshi’s preliminary injunction against the Nevada Gaming Control Board.  That injunction (now gone) prohibited Nevada from stopping Kalshi’s sports betting–excuse me–sports contracts from being offered in the state.  While I expect Kalshi to … Continue reading

Posted in Gambling, Nevada | Tagged | Leave a comment

Are Prediction Markets Sports Betting Products Doomed in the Long-Term?

Prediction markets are another new phenomenon. Kalshi, PolyMarket, and others offer predictions on things like, “Will the Epstein Files be released by the end of 2025?”  They also offer sports predictions which I believe are clearly sports betting by any … Continue reading

Posted in Gambling | Tagged | Leave a comment

The Shutdown

Once again there’s a government shutdown. What does it mean for taxes? First, deadlines and responsibilities don’t change just because there’s a government shutdown. You still owe tax, and if you’re on extension your taxes are still due (generally) on … Continue reading

Posted in IRS | Tagged | Comments Off on The Shutdown

Pittsburgh Sacked

Jock taxes impact nonresident athletes (and others) who perform in out of state venues.  Let’s say you’re in the National Hockey League (NHL), playing for the Vegas Golden Knights.  You play a game in Pittsburgh.  You now owe tax to … Continue reading

Posted in Pennsylvania | Tagged , | Comments Off on Pittsburgh Sacked

About That List of Occupations Eligible for “No Tax on Tips…”

You may have seen a list of occupations that are eligible for the One Big Beautiful Bill’s “No Tax on Tips” provision.  And perhaps your occupation is on that list, and you’re thinking, “Wonderful! My taxable income is going down!”  … Continue reading

Posted in Legislation | Tagged | Comments Off on About That List of Occupations Eligible for “No Tax on Tips…”

IRS Closes Cincinnati Lockboxes; New Addresses In Effect Immediately

Last week, the IRS released Publication 3891.  This publication lists out where to mail paper-filed returns and payments for the 2026 tax year.  Currently, Nevadans mail many IRS payments to addresses in Cincinnati, but not anymore.  Spidell reports that the … Continue reading

Posted in IRS | Tagged , | Comments Off on IRS Closes Cincinnati Lockboxes; New Addresses In Effect Immediately

I’m Tipsy on Overtime

The IRS issued a press release yesterday: The Internal Revenue Service today announced that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for … Continue reading

Posted in Tax Preparation | Tagged , | Comments Off on I’m Tipsy on Overtime

A February 17th Start to Tax Filing Next Year?

Yes, we’re looking at a late start to Tax Season next year.  New IRS Commissioner Billy Long said at the recent National Association of Enrolled Agents (NAEA) annual meeting (per a friend’s email–I did not attend) that the IRS expects … Continue reading

Posted in IRS, Tax Preparation | Tagged | Comments Off on A February 17th Start to Tax Filing Next Year?