LynOak Tax Services, ltd

04/13/2026

With just one week left in the tax filing season, the IRS has finalized regulations for the new, temporary, $25,000 tip deduction, with more examples of who qualifies.

03/02/2026

OBBB had many new tax provisions for 2025. If you have questions and would like to schedule a consultation, call the office at 937-320-1040.
If you would like a copy of my tax update letter, you can request one via my website at lynoaktax.com or email me at [email protected].

A tax, bookkeeping, and payroll firm owned by an Enrolled Agent able to represent clients before the IRS and other tax authorities.

02/16/2026

The first week of the 2026 tax filing season shows a slower start for tax returns and IRS processing, but early filers are receiving larger refunds than a year ago.

02/14/2026

Tipped workers will be able to deduct up to $25,000 in tips beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

02/14/2026

Updated postmark rules are redefining what we think of as “on time.” This could have big implications for year-end givers and for taxpayers at tax time.

10/07/2025

The IRS is planning to significantly shrink the number of employees working if the government shutdown continues for longer than five business days, furloughing about 35,000 workers, according to a person familiar with the situation.

08/08/2025

The change comes just two months into the former Republican congressman’s tenure leading the tax agency.

08/08/2025

More than 25,000 IRS employees separated, accepted a deferred resignation program offer, or took some other incentive to leave between January and May of 2025.

12/23/2024

BOI injunction stayed and the filing requirement is back in force.

With days to go before the beneficial ownership information (BOI) reporting deadline, the U.S. Fifth Circuit has reversed the pause on Beneficial Ownership Information (BOI) reports.

08/08/2024

Our very own Geri Bowman will be presenting Thursday! Join us for grEAt education!

https://ossea.org/meetinginfo.php?id=320&ts=1723071787

02/01/2024

The House has passed a roughly $79 billion tax cut package expanding the child tax credit for millions of families and restoring three key tax breaks for businesses.