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Category Archives: IRS
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
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 2025.Tax.Season, 2026.Tax.Season
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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 2026.Tax.Season
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Bozo Tax Tip #1: Not Remitting Payroll Taxes
A couple of years ago, I received a visit from a member of the IRS’s Criminal Investigation unit. It turns out a client, call him Larry, had worked for a company that decided to not remit payroll taxes. The loss … Continue reading
Posted in IRS, Payroll Taxes
Tagged BozoTaxTips
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Bozo Tax Tip #2: The Eternal Hobby Loss
The goal of must businesses is to make money. There aren’t many businesses that can lose on each sale and make it up in volume. In fact, I don’t know of any. But I digress…. So let’s take Sam and … Continue reading
Bozo Tax Tip #3: Foreign Trusts
By far the worst tax schemes in the view of the IRS are offshore (foreign) trusts. In fact, trusts of all sorts—domestic and foreign—are regularly abused. First, not all trusts are bad. Many trusts serve a legitimate purpose, such as … Continue reading
Bozo Tax Tip #5: Procrastinate!
Today is April 7th. The tax deadline is just eight days away. What happens if you wake up and it’s April 15, 2025, and you can’t file your tax? File an extension. Download Form 4868, make an estimate of what … Continue reading
Bozo Tax Tip #6: Declare More Income Than You Earned!
Why in the world would anyone of sound mind and body declare more income than they actually earned? He or she would owe more tax, so there’s no reason to do this, right? No, there are actually two reasons people … Continue reading
Posted in IRS
Tagged BozoTaxTips
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Bozo Tax Tip #7: Honey, You Don’t Exist!
Last week, I finished the tax return of a long-time client (call him John Smith). We were on the phone reviewing his return and he mentioned his wife. He was filing his 2024 tax return as “Single.” After I congratulated … Continue reading
Bozo Tax Tip #10: Email You Social Security Number, ITIN, or EIN!
It’s time for our annual rundown of Bozo Tax Tips, strategies that you really, really, really shouldn’t try. But somewhere, somehow, someone will try these. Don’t say I didn’t warn you! This is a repeat for the twelfth year in … Continue reading
Posted in IRS
Tagged BozoTaxTips
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