Wastvedt & Company

10/30/2026

Prediction markets are booming, but the tax rules are anything but simple. With over $220 million traded on election contracts, the big question is how those winnings will be taxed—and the answer could make a major difference at filing time. Find out what traders need to know.

Learn how the IRS treats prediction market gains from Kalshi & Polymarket, including gambling, capital gains, and Section 1256 tax rules.

10/29/2026

Stock options can boost your compensation—but the tax rules behind NSOs and ISOs are a lot more complex than most people expect. One wrong move can trigger surprise taxes or missed gains. Learn how exercise timing, AMT, and holding periods can change the outcome. Read now.

Learn how NSOs and ISOs work, manage AMT exposure, evaluate holding periods, and optimize tax strategies when exercising or selling company stock options.

10/28/2026

A “too good to be true” tax credit can cost you far more than it saves. The IRS has warned taxpayers about fraudulent “Tribal Tax Credit” schemes that use real tax terms to sell fake results. Learn the red flags before you file or pay. Read now.

Learn about the IRS warning on fake Tribal Tax Credits, key red flags of fraudulent tax promotions, and why independent review is essential before filing.

10/27/2026

Will Congress make a year-end move on taxes? While a major overhaul is unlikely, the upcoming lame-duck session could still bring targeted tax changes, technical fixes, and IRS reforms that may affect your 2026 planning. Find out what’s on the table—and what it could mean for you. Read now.

Congress could consider targeted tax changes during the 2026 lame-duck session. See what taxpayers and businesses should watch before year-end.

10/27/2026

Did you know some families may qualify for an unexpected adoption tax credit refund in 2025—even from carryforwards from prior years? The IRS has issued new guidance that could mean money back without filing an amended return. Learn who qualifies and how it works. Read now.

Learn how 2025 IRS rules for adoption credit carryovers under OBBBA may qualify your family for an automatic tax refund. Review rules and eligibility.

10/26/2026

Watch this video for a quick overview of bunching tax deductions.

10/26/2026

Could “bunching” help you save more at tax time? If your deductions are close to the standard deduction, this smart strategy may let you alternate between itemizing and taking the standard deduction for better tax efficiency. Find out how it works and why planning ahead matters. Check it out!

Discover how the bunching technique works for taxpayers deciding between the standard deduction and itemizing. Watch our video and plan your tax strategy.

10/23/2026

November brings important payroll tax deadlines that can catch businesses off guard—especially when filing rules and deposit dates don’t line up. Stay ahead of third-quarter Form 941, FUTA, and monthly deposit obligations so you can avoid costly penalties. Read now to keep your business compliant.

Stay on top of November 2026 business tax deadlines, including Form 941 filings, payroll tax deposits, and W-4 updates to keep your business compliant.

10/23/2026

The IRS has a new mobile app with more than just refund tracking—it can also show notices, transcripts, balances, and payment history. But a balance on screen doesn’t always tell the full story. Find out why it pays to verify before you pay. Read now.

Discover what the new IRS mobile app offers taxpayers, how to safely verify your account information, and when to consult a tax professional.

10/22/2026

Did you know tipped employees who earned $20+ in October must report those tips by Nov. 10? Missing the deadline can affect your paycheck and year-end taxes. Learn what to report, how employers handle withholding, and how to avoid surprises. Read now to stay ahead.

Stay on top of November 2026 individual tax deadlines. Learn about the Nov 10 tip reporting rule, weekend deadline shifts, and disaster area tax extensions.