Category Archives: IRS

Personal Tax Return Filings to Begin on January 27th

Posted on January 10, 2025 by Russ

The IRS announced today that, as expected, efiling of tax returns will begin on Monday, January 27th.  Individual tax returns are due on Tuesday, April 15th. We strongly advise efiling your tax returns (if possible), and we also strongly advise … Continue reading →

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The 2024 Tax Offender of the Year

Posted on December 30, 2024 by Russ

One year, perhaps, there won’t be so many nominees for my annual Tax Offender of the Year award…but this isn’t the year.  We even have a repeat nominee (and I strongly considered giving that nominee the award).  As a reminder, … Continue reading →

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IRS Announces 2025 Standard Mileage Rates

Posted on December 19, 2024 by Russ

The IRS announced the 2025 standard mileage rates today.  The new rates are: $0.70/mile for business use (up from $0.67/mile in 2024); $0.21/mile for medical purposes; $0.21/mile for moving for members of the Armed Forces; and $0.14/mile for charitable mileage. … Continue reading →

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A Miss by Trump: Billy Long as IRS Commissioner

Posted on December 5, 2024 by Russ

Yesterday, President-Elect Trump announced that he would nominate former Missouri Congressman Billy Long as IRS Commissioner.  This is a nomination that should not happen, and if does occur I hope that the Senate does not “Advise and Consent” to Mr. … Continue reading →

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IRS Now Offers Direct Pay for Businesses

Posted on October 23, 2024 by Russ

I criticize the IRS regarding paperwork often.  Indeed, the IRS has a major problem dealing with correspondence. Yet many businesses must make numerous payments by check (because that’s the only way to do so) or EFTPS.  This morning, I sent … Continue reading →

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Hurricane Milton Relief: Florida Now Has Until May 1, 2025 to File

Posted on October 11, 2024 by Russ

With much of the state of Florida declared a federal disaster area, the IRS this morning announced that all residents of Florida have until May 1, 2025 to file their tax returns that are on extension. This impacts not only … Continue reading →

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Disaster Relief Extension Impacts Millions in Illinois; Expect IRS to Give Relief to North Carolina Shortly

Posted on October 1, 2024 by Russ

The IRS announced this morning that tax deadlines have been postponed in several counties in Illinois due to recent severe weather in the Chicagoland area: The IRS is offering relief to any area designated by the Federal Emergency Management Agency … Continue reading →

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Don’t Touch the Duct Tape!

Posted on September 19, 2024 by Russ

Yesterday, I had to call the IRS to obtain an address to mail a return to (it had to go to a special address), and discuss collection activities for another client. Unfortunately, the IRS computer system crashed.  (It came back … Continue reading →

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Creative Math, IRS Style

Posted on September 4, 2024 by Russ

One of our clients made a mistake on his payroll tax deposits: He shorted the IRS $4,590. He realized his mistake, and immediately made a correcting payroll tax deposit (albeit late). There’s a penalty for this, and it’s 10% (based … Continue reading →

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The Case of the Missing $632,825.18

Posted on August 22, 2024 by Russ

The story you’re about to read is true. The names (and dollar amounts) have been changed to protect the innocent. John and Mary Smith, long-time clients, filed an amended return for the 2017 tax year years ago. It took some … Continue reading →

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