Everett O Winn CPA PLC

01/12/2026

This is Individuals.

For Business the upcoming 2026 filing season (for Tax Year 2025 returns), the IRS is scheduled to begin accepting most business tax returns at 9 a.m. Eastern time on January 13, 2026. However my software for Virginia electronic filing has this form status Approved by Taxing Authority – Work in Process. The next software update the 18th so hopefully I can start getting business returns out.

The IRS expects to receive about 164 million individual income tax returns this year, with most taxpayers filing electronically.

11/24/2025

IRS clarifies how employees can claim 2025 tip and overtime deductions

The IRS also is updating some income tax forms and instructions to help taxpayers claim the deductions.

11/24/2025

Having the proper documentation for Charitable Contributions is important if you want to claim a deduction.

As evidenced by a taxpayer in a new case, Besaw, TC Sum. Op. 2025-7, 7/21/25, just missing one or two of the key ingredients can spoil the deal.

09/25/2025

The IRS will phase out the use of paper checks for refunds beginning Sept. 30 and will publish detailed guidance later.

09/22/2025

As cybersecurity scams become more frequent here are some to watch out for this year.

Stay ahead of bad actors by knowing how to spot the top threats of 2025.

08/07/2025

Paid student-athletes: Tax implications for universities and donors

The taxation of Division I college sports may change once universities begin paying athletes directly, which will be permitted under a settlement of antitrust litigation against the NCAA and major collegiate athletic conferences. This article discusses some of the yet-to-be-resolved tax issues for s...

03/26/2025

Finally settled after countless wasted hours trying to educate clients, then telling them about the holds and finally they do not have to file.

FinCEN issued an interim final rule Friday removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information under the Corporate Transparency Act.

03/06/2025

https://www.cpapracticeadvisor.com/2025/02/06/irs-employees-who-planned-to-take-trumps-offer-to-leave-now-told-they-must-stay-through-tax-season/155686/

The IRS has notified workers essential to tax season that they must work until May even if they accepted the Trump administration's federal employee buyout offer, the deadline of which was put on hold temporarily by a federal judge on Feb. 6.

02/28/2025

https://www.journalofaccountancy.com/news/2025/feb/fincen-extends-boi-reporting-deadline-halts-enforcement.html?utm_source=mnl:au&utm_medium=email&utm_campaign=28Feb2025

The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.”

02/20/2025

https://www.journalofaccountancy.com/news/2025/feb/boi-injunction-lifted-fincen-promises-30-day-filing-delay.html?utm_source=mnl:taxinsider&utm_medium=email&utm_campaign=20Feb2025

A FinCEN alert said it would provide an update before “any further modification” of the reporting deadline, “recognizing that reporting companies may need additional time to comply with their BOI reporting obligations once this update is provided.

02/13/2025

With all the back and forth with the BOI here is more in the ongoing saga

The bill, which provides a deadline of Jan. 1, 2026, for an estimated 32 million small businesses to file beneficial ownership information reports, comes as the BOI requirements are mired in court cases.

01/17/2025

Do you have a list of your possessions if disaster strikes?

Too many people assume disaster will never happen to them, leaving them unprepared when it does indeed strike. In the wake of a natural disasters like the California wildfires, the last thing anyone wants to deal with is trying to compile lists of items they’ve lost to submit for insurance payouts...