Pat Rhodes Accounting, Inc.

05/15/2026

Alert to all Business owners and Individuals:
You may be entitled to an IRS penalty/interest refund due to a recent federal court case. Kwong v. United States court decision. This case challenged how IRS applied certain filing and payment deadlines during the COVID emergency period.

If your tax return, payment deadline, or penalties fell between January 20, 2020 and July 10, 2023, you may have overpaid certain IRS penalties and interest.
Tens of Millions of taxpayers may be entitled to refunds or abatements of COVID-19 period penalties and interest. Relief is not automatic - most taxpayers must file refund claims by 7/10/2026. Complex legal developments and a lack of information create a risk that many taxpayers will miss out entirely on this relief.
WITHOUT IRS or CONGRESSIONAL ACTION, many taxpayers will not receive the relief they deserve. Taxpayers should be allowed more time to become aware and take action to claim refunds they deserve.

This impacts:
• 2019–2022 Individual and Business tax returns, with deadlines in that period
• Failure-to-file penalties
• Failure-to-pay penalties
• Estimated tax penalties

Important: July 10, 2026 is the deadline to file to preserve refund rights. We encourage eveyone to contact their local Congressional representatives to ask for more time to truly correct this error. Penalties and interest charged during the pandemic deserve more time for people to get these refunds. Form 843 must be completed and mailed in to IRS... the form cannot be efiled.

If you believe you were assessed penalties or interest during this timeframe, check your records. If possible, pull your IRS account transcripts to see if penalties or interest were charged during that time. As awareness of this issue grows, there may be increased processing delays for Forms 2848 and 8821, which are commonly used for transcript access.

Not everyone will qualify, but it is worth reviewing before the potential window closes. Civic action is needed to allow more time to file.

03/31/2026

The deadline to file a return or an extension is closer. Please call our office so we can get that done. 904-781-1040.

Deadline to file extensions or tax returns is April 15! We are open Mon-Fri: 9am-5pm, Sat: 9am-2pm. We stay late for appointments so please call to schedule yours: 904-781-1040.

03/16/2026

Beautiful sunrise as we prepare for todays filing deadline.
All S Corporations and Partnerships with year ending December 31st, must file a return, or an extension by this evening.
If not filed, late filing penalties per shareholder will be assessed.
Hope to see you soon.

02/24/2026

Refunds on 2025 tax returns filed with refundable credits like Earned Income Credit, Additional Child Tax Credit, and American Opportunity Tax Credit rolled out earlier than expected. Returns filed before February 15th with those credits began getting refunds from IRS Friday 2/20/2026. Looks like a great tax season.
If you haven't yet filed, call 904-781-1040 for an appointment to file your return. Be sure to bring the last paystub of 2025 for each W2 job you received payment of overtime or tips from, so we can calculate your deductions. If you purchased a new car with final assembly in U.S. that was financed, bring us your total interest paid in 2025, and the VIN to get that deduction. See you soon.

01/23/2026

If you received the $1776 bonus for military.
The "BAH bonus" refers to the recent, one-time "$1,776 Warrior Dividend" payment, not a permanent bonus. Payment was announced by President Trump 12/17/2025, funded partly from extra Congressional funds for Basic Allowance for Housing (BAH) to help with service member quality of life.
The payment is not taxable.
Eligible recipients are active-duty (O-6 and below) and some Guard/Reserve members, receiving funds outside regular pay.
BAH is a standard, tax-free monthly allowance for housing costs in the civilian market, based on rank, location, and dependents, not a bonus.
The payment of "BAH Bonus" also called Warrior Dividend, is a one-time payment of $1,776 for eligible service members. This was funded from supplemental funds approved by Congress for BAH. Paid 12/20/2025, outside the normal pay cycle.
Eligibility: Active duty (O-1 to O-6) and Reserve/National Guard on orders for 31+ days as of 11/30/2025.
Standard BAH (Basic Allowance for Housing)
purpose is to help service members pay for housing (rent/mortgage) and utilities in the civilian market when government housing isn't available. It's based on pay grade, duty station location, dependency status, and local housing/utility costs. While it is referred to as a dividend, it is not taxable, it is tax-free. Congress approved this supplement for troops not getting BAH, or as an ADDITION to their existing allowance.
If you have questions or are ready to have your tax return prepared, please call us at 904-781-1040 to schedule an appointment. Current tax season hours:
Weekdays 9am-5pm, Saturdays 9am-2pm. After April 15th we are open Mon-Fri 9am-4pm. Look forward to seeing you soon.

01/20/2026

We've had a lot of people ask:
If I apply for my child to get the $1,000 federal grant to a Trump Account, will my child get the $250 Dell money too?
This is what we know:
Trump Accounts $1,000:
For a child born between 1/1/25 to 12/31/28, who is a U.S. citizen with valid social security number. We can file form 4547 with your return requesting the grant go straight to your childs account, or you can apply online later this year when their website opens. The account is in the childs name with you as sole custodian till they turn 18. Additional contributions aren't required, but you can deposit up to $5,000/yr to increase growth. Any contribution to the childs account will require filing a Gift Tax Return-Form 709 (even if contribution is only $25). The funds will be invested in stocks so you and your child can watch and learn the stock market. Funds cannot be accessed until the child turns 18, when they can withdraw funds tax free for their education, or to buy a home, like a traditional IRA. After electing to get an account, information will be sent in May, to the person filing the election for the account, showing how to complete an authentication process to open the initial Trump Account.
The $250 "Dell Money For Kids":
For children ages 10 and under, born before 1/1/25, living in a zip code with median household income of $150,000 or less. Dell accounts can be requested by filing form 4547 with your return, or on their website which is in progress. The Dells have stated that if they have money leftover they may expand age range for children under age 18.
No matter which of the above you open, there may be additional funds deposited to these accounts from wealthy individuals over the years.
We hope this helps, and we look forward to seeing you soon.
We are currently open 9am-4pm, with extended hours beginning this Saturday 1/24: Mon-Fri 9am-5pm, Sat 9am-2pm.
After hour appointments available. IRS start accepting returns 1/26/26.
Get your forms together and schedule an appointment soon.

01/09/2026

IRS begins accepting individual tax returns 1/26/2026!
We are accepting appointments now, call 904-781-1040 as soon as you get your tax forms together. Please save a copy of your last pay stub from each job you were paid tips and/or overtime from since it may not be shown on your W2 and there are deductions for both.
We have already had come clients drop information off for corporate returns to be completed and look forward to seeing you soon.

11/27/2025

Happy Thanksgiving from the Pat Rhodes Accounting family! From our hearts to yours... Thank you. Hope you enjoy the day.
We open Monday at 9am.

11/19/2025

The Holidays are near, and our office is closed the following dates:
Thanksgiving: Closed Noon 11/26, reopen 9am on 12/1.
Christmas: Closed Noon 12/24, reopen 9am on 12/29.
New Years: Closed Noon 12/31, reopen 9am on 1/5.
IRS stops accepting efile returns midnight 12/26/2025, but our office closes at Noon on 12/24, so that is our last date to efile.
IRS should reopen efile late January or at least by mid-February.
Peace to you and yours as you enjoy time with those you love. 💞

10/01/2025

Our last government shutdown was in 2019. So here's a refresher:
Essential federal employees continue working (many without pay till the gov't reopens).
The following continues: U.S. Postal Svc, V.A. Medical Ctrs, Air Traffic Ctrl, Service Members & Border Protection.
Social Security payments, veterans’ benefits, disaster aid, Medicare and Medicaid payouts all will be paid, with some experiencing interruptions.
Programs temporarily unavailable are: Some Nat'l Park Service, Possible pause on Head Start early learning for children. Brief end for disbursement of some Temporary Assistance for Needy Families.
EMPLOYERS: E-Verify is unavailable, and some religious worker visas may pause. Dept of Labor-PERM, LCA, and FLAG system filings stop. Though E-Verify is out, Form I-9 compliance is still required. You must: Have employees complete Section 1 by day one of employment. Review original documents & complete Section 2 within 3 business days. Retain all completed I-9s in secure storage. E-Verify does not replace Form I-9, it supplements it.
I hope the above information is helpful. If you have any questions please call our office at 904-781-1040.