David F. Rogers, CPA, PLLC

02/20/2026

Make sure you get the new senior deduction on your 1040 for 2025 if eligible.

11/30/2021

Wealthy retirement investors may have a harder time using tax loopholes to shelter money from Uncle Sam should the Senate confirm the House of Representatives' version of President Joe Biden’s proposed social legislation. The draft of the Build Back Better (BBB) bill that was approved by the Hous

09/23/2021

The estate and gift tax would revert to pre-Trump levels. The top capital gains tax rate would be 25%. Backdoor Roth IRAs would be prohibited for high earners.

07/16/2019

https://www.irs.gov/newsroom/final-regulations-on-charitable-contributions-and-state-and-local-tax-credits

IR-2019-109, June 11, 2019 — The U.S. Department of the Treasury and the Internal Revenue Service today issued final regulations that require taxpayers to reduce their charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return.

03/26/2019

File form 4868 by April 15 to get an automatic 6 month extension to file your 1040. It will protect you from the late filing penalty. It will not protect you from the late payment penalty. However, the late payment penalty is only .005 of the tax due per month.

01/08/2019

Electronic Filing opens January 28th.

11/21/2018

Roth Conversion: If you anticipate that your income in retirement will be about the same as now, while you are still working, then converting your qualfied plan (401K) or traditional IRA to a Roth IRA may make very good sense for you. Tax rates are very likely NEVER going to be this low again. By converting now, you would pay tax on the conversion, and then distributions from your Roth IRA would be tax free in retirement.

08/18/2018

The IRS offers a first time penalty abatement for taxpayers. If you have filed all your returns and have not been penalized before, they will waive any penalties due without cause.

08/18/2018

Penalties are based on the balance due on your return. This is the amount you owe after taking into account your withholding and estimated payments. If you have a zero balance due, you will not owe penalties if you file late.

08/15/2018

If you got an extension for your business tax return, you still have until September 15 to make a SEP-IRA Contribution.

08/12/2018

The extended deadline for corporations and partnerships is September 17 and October 15 for individuals.