Author Archives: Russ

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

Posted on September 5, 2025 by Russ

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 →

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IRS Closes Cincinnati Lockboxes; New Addresses In Effect Immediately

Posted on August 24, 2025 by Russ

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 →

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I’m Tipsy on Overtime

Posted on August 8, 2025 by Russ

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 →

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A February 17th Start to Tax Filing Next Year?

Posted on August 3, 2025 by Russ

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 →

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New Portal Delayed Until Next Week

Posted on August 1, 2025 by Russ

Our newsletter (which has gone out) notes that you should have received an announcement on our new web portal.  You haven’t.  The current (old) portal is still active; the new portal will be released next week as there was a … Continue reading →

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The Real Winners of the 2025 World Series of Poker: Zero Is the Best Number

Posted on July 17, 2025 by Russ

This year’s main event of the World Series of Poker (WSOP) attracted 9,735 entrants each of whom paid $10,000 attempting to become the World Champion. This wasn’t a record (last year’s field had 10,112), but it was still the third … Continue reading →

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Did the W-2G Threshold for Slots Get Increased in the One Big Beautiful Bill?

Posted on July 15, 2025 by Russ

I’ve seen reports online that the threshold for issuance of W-2Gs was increased in the One Big Beautiful Bill (OBBB) to $2,000 from $600.  Is that true? First, the threshold for issuance of many 1099s was increased by the OBBB to $2,000 … Continue reading →

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Senate Version of Big, Beautiful Bill Is Bigly Ugly Towards Gambling

Posted on July 1, 2025 by Russ

The extension to the Tax Cuts and Jobs Act (TCJA) is now in the Senate as the “Big, Beautiful Bill.”  The Senate version will likely receive a final vote today (and pass); however, it is quite different in certain areas … Continue reading →

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Missouri Joins New Jersey in the Hall of Shame for Encouraging Identity Theft

Posted on June 6, 2025 by Russ

Earlier this year the New Jersey Division of Taxation asked one of my clients to email documentation–including his social security number.  We refused.  As New Jersey’s own advice notes, emailing personally confidential information like a social security number is a … Continue reading →

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WSOP and Taxes: 2025 Update

Posted on May 27, 2025 by Russ

The 2025 World Series of Poker (WSOP) begins later today here in Las Vegas at the Paris and Horseshoe hotels (the hotels are linked). There are also several other tournament series that have either begun or will soon begin at … Continue reading →

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