TaxPro World

TAXPROWORLD is an online communication solution designed to help tax professionals, - such as CPAs, EAs, and Tax Attorneys, - and their clients to keep track

[TaxPro World @TaxproWorld]

TaxPro World https://t.co/u0G1zMaxwf Please, join our Facebook community, if you'd like, a ton of news, updates on us tax and accounting-related updates, news, and articles. like our Facebook page TaxPro World #TaxTwitter #taxpros

[TaxPro World @TaxproWorld]

October is Cybersecurity Awareness Month! 🔒 Use VPNs, train staff on phishing, require MFA, and update software regularly.

#TaxProWorld #Cybersecurity #IRS

MinutesCrypto: sync wallets, upload data, CPA-ready reports. Start now: https://t.co/kt7F8dT23t

[TaxPro World @TaxproWorld]

Sec. 179 boost: 2025 limit $2.5M with $4M phaseout; 2026 indexed to $2.56M and $4.09M. Time purchases, confirm placed-in-service, and coordinate with bonus.

MinutesCrypto: sync wallets, upload, CPA-ready reports. Start now: https://t.co/kt7F8dT23t
#Section179 #Tax

[TaxPro World @TaxproWorld]

Tax Court cancels all trials for weeks of Oct 20–27. Clerk’s office open; special hearings 10/22 & 10/29 proceed. Updates weekly.

Subscribe to our newsletter: 📬 https://t.co/DBxFCqySxS
MinutesCrypto: sync, upload, CPA-ready. https://t.co/kt7F8dT23t

#USTaxCourt #Tax

[TaxPro World @TaxproWorld]

IRS 2026 updates: 37% over $640,600 (single) / $768,700 (MFJ) / $384,350 (MFS).

Standard deduction: $16,100 (single/MFS), $32,200 (MFJ), $24,150 (HoH).

Seniors: +$2,050 single / +$1,650 married. AMT & adoption credit up.

📬 https://t.co/0lZyAXDu3M

#Tax2026 #IRS #TaxBrackets

[TaxPro World @TaxproWorld]

AICPA urges full IRS staffing during the shutdown and calls to: pause automated collections, keep online systems live, and offer targeted penalty relief.

📬 https://t.co/DBxFCqySxS | MinutesCrypto: https://t.co/kt7F8dT23t
#IRS #AICPA #TaxPros

[TaxPro World @TaxproWorld]

TFRP bites hard: willful failure to remit payroll taxes can trigger a 100% personal penalty. Recent staffing case: $1.3M unpaid, restitution agreed, up to 5 years possible.

MinutesCrypto: sync wallets, CPA-ready reports. Start now: https://t.co/kt7F8dT23t

#TFRP #IRS #PayrollTax

[TaxPro World @TaxproWorld]

2025–26: gift exclusion $19k per donee ($38k split). Noncitizen-spouse cap: $190k (’25), $194k (’26). • Use direct-pay tuition/medical • File Form 709 for split gifts •

📬 https://t.co/DBxFCqySxS | MinutesCrypto: https://t.co/kt7F8dT23t

#TaxTwitter #GiftTax

[TaxPro World @TaxproWorld]

🎁 Holiday gifts & taxes:
🦃 De minimis (turkey) = tax-free
🎁 Tangible “achievement awards” = deductible & tax-free
💵 Cash/gift cards = taxable

MinutesCrypto: sync wallets, upload data, CPA-ready reports. Start now: https://t.co/kt7F8dT23t

#TaxProWorld #IRS

[TaxPro World @TaxproWorld]

🧾 Penalty relief Q1–Q3 2026 for 1% remittance tax deposits.

- ✅ Providers collect 1% & file quarterly
- 📅 Start Jan 1; 1st dep Jan 29
- 💵 Applies to cash/money order/cashier’s check

📬 https://t.co/DBxFCqySxS • MinutesCrypto: https://t.co/kt7F8dT23t

#IRS #Tax

[TaxPro World @TaxproWorld]

Donated to a charity that later lost IRS status? 🧾

✅ Gifts made before the effective revocation date are deductible
Pro tip: verify status in IRS search + keep dated receipts.

MinutesCrypto: sync wallets, CPA-ready reports: https://t.co/kt7F8dT23t

#CharitableGiving

[TaxPro World @TaxproWorld]

Senate panel eyes clearer crypto tax rules ⚖️—talk of a de minimis exemption for small payments and guidance on staking/mining income.

📬 https://t.co/DBxFCqySxS | MinutesCrypto: sync wallets, upload data, CPA-ready reports. Start now: https://t.co/kt7F8dT23t #CryptoTax #IRS

[TaxPro World @TaxproWorld]

Oct 15 (Wed) is the 2024 1040 extension deadline. Gather SSNs, W-2/1099, crypto records. File & pay to limit penalties/interest.

📬 https://t.co/DBxFCqySxS

MinutesCrypto: sync wallets, upload data, CPA-ready reports. Start now: https://t.co/kt7F8dT23t

#TaxPros

[TaxPro World @TaxproWorld]

Tax Court (T.C. Memo 2025-98): IA denied, taxpayer wasn’t current on estimates + couldn’t support expenses.
Pros: Get clients current, file Form 433, document “necessary” costs before proposing terms.

#IRS #TaxCourt #TaxPros

[TaxPro World @TaxproWorld]

CDP flagged ⚖️
55 unlawful levies. Appeals missed.

- ✅ Verify
- 🛑 Refund
- 📝 12153—30d

📬 Subscribe to our newsletter for daily tax updates: https://t.co/DBxFCqySxS

MinutesCrypto: sync wallets, upload data, CPA-ready reports. Start now: https://t.co/kt7F8dT23t #IRS

[TaxPro World @TaxproWorld]

Full expensing is permanent + §179 up to $2.5M (phase-out at $4.0M).

✅ Faster paybacks - ⚙️ 2025 40%/60% option - 📊 Mind state rules
📬 Full article: https://t.co/NJVkkaZAay

MinutesCrypto: sync wallets, upload data, CPA-ready reports. Start now: https://t.co/kt7F8dT23t

[TaxPro World @TaxproWorld]

Tariff scam alert 🛡️ Fake “relief” sign-ups & “held package” fees are harvesting data. Don’t click ad/DM links • verify sender/site • report to FTC.

Subscribe: https://t.co/DBxFCqySxS
MinutesCrypto: sync wallets, CPA-ready: https://t.co/kt7F8dT23t

#TaxScams #Tariffs

[TaxPro World @TaxproWorld]

IRS 2025–2026 per diem rates ✈️

- ✅ $319/$225 high–low (meals $86/$74)
- ✅ Transport M&IE: $80/$86
- ✅ Incidental-only: $5

MinutesCrypto: sync wallets, upload data, CPA-ready reports. Start now: https://t.co/kt7F8dT23t
#IRS #PerDiem #TaxPros

[TaxPro World @TaxproWorld]

Tax Court: Ranch losses denied under §183; penalties upheld. Nonbusinesslike ops (commingled funds, no GL, plan post-audit) + residence/venue use doomed profit motive. Prep-reliance didn’t avoid §6662. Act like a business—or it’s a hobby.

#TaxCourt #HobbyLoss #Section183

[TaxPro World @TaxproWorld]

Full expensing is permanent 🔧
100% bonus depreciation + higher §179 = faster ROI, fewer cliff dates.

- �� Cash now
- 🧭 Used/long-production may qualify
- 🧮 2025 40%/60% option

Subscribe: 📬 https://t.co/DBxFCqySxS
#Tax #Manufacturing

[TaxPro World @TaxproWorld]

IRS extends drought relief: more time to replace livestock ⏳🐄

4-yr window to replace drought-forced sales (draft/dairy/breeding), with further extension until the first drought-free year’s tax year end. Verify county designations (9/1/24–8/31/25).