1040 Pianos

01/15/2026

12/31/2025

This is your annual public service reminder to grab your year end/beginning mileage from your business use vehicle(s). The business use mileage rate for 2025 was 70¢/mile. The rate for 2026 will be 72.5¢/mile.https://www.irs.gov/newsroom/irs-sets-2026-business-standard-mileage-rate-at-725-cents-per-mile-up-25-cents

12/10/2025

Treasury and the today issued guidance on new tax benefits for Health Savings Account participants under the One, Big, Beautiful Bill. New changes expand HSA eligibility, which allows more people to save and to pay for healthcare costs through tax-free HSAs. https://ow.ly/ewPi50XGxOu

12/09/2025

I’m joining TaxDome's “Get Ready for Tax Season 2026” webinar — a live, end-to-end look at how to run tax season automatically using ready-made workflows.

Highly recommend it to anyone who wants less chaos and more clarity this season.

07/24/2025

Form 1099-NEC is used to report nonemployee compensation, such as vendor/supplier payments to a consultant, contractor, or freelancer.

The reporting threshold for the 1099-MISC and 1099-NEC is currently $600. For tax year 2026, it will increase to $2,000. For 2027 and subsequent years, the threshold for both forms will be adjusted for inflation.

07/05/2025

Behind on your tax filings, personal or business?
Getting notices from the IRS?
Wages garnished?
Liens on your property?
Levies threatened?
Passport revoked?
Losing sleep?
Don't know where to start?
These may not have happened to you,
but you may know someone that needs help.
Help them get the help they need.
Call, PM, or email to stop the bleeding
& start finding relief.

03/05/2025

FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines
February 27, 2025
WASHINGTON––Today, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines. No fines or penalties will be issued, and no enforcement actions will be taken, until a forthcoming interim final rule becomes effective and the new relevant due dates in the interim final rule have passed.

02/20/2025

ALERT [updated Feb. 19, 2025]: Beneficial ownership reporting requirements are back in effect, with a new deadline of March 21, 2025 for most companies

01/28/2025

https://www.irs.gov/newsroom/2025-tax-filing-season-starts-as-irs-begins-accepting-tax-returns-today-taxpayers-have-many-options-for-help?fbclid=IwY2xjawIGMixleHRuA2FlbQIxMQABHaE2NIZcOUJVdmEm5bxLusoSWkfdsNmQI24rJlx3dVOf09QBNIA-4k-GVQ_aem_Qwi5ArraR5Tvka3MO9v1Hg

IR-2025-18, Jan. 27, 2025 — The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns.

01/17/2025

https://www.irs.gov/newsroom/irs-california-wildfire-victims-qualify-for-tax-relief-various-deadlines-postponed-to-oct-15

IR-2025-10, Jan. 10, 2025 — The Internal Revenue Service announced today tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on Jan. 7, 2025.

12/31/2024

IRS mileage rate for business goes up to 70 cents a mile in 2025. That's a 3¢/mile increase from 2024. Remember to jot down your beginning/ending mileage for the year, and that, under audit, without a mileage log, the IRS could disallow all of your business milage for the year. In 2024, if you had 20,000 business miles, that's a $13,400 deduction that you may not want to lose.

12/03/2024

There are many businesses that unaware of their reporting requirements which began 01/01/2024. The penalty for not doing so, beginning in 2025, is $592/day up to $10K.

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