Phyllis Jo Kubey

Thanksgiving Home is in Your Heart No matter the years ...or the distance... May you always carry

Warmest wishes for a Happy Thanksgiving 🍁 bmacards.com/F9jw61

Aspire to decency. Practice civility toward one another. Admire and emulate ethical behavior wherever you find it. Apply a rigid standard of morality to your lives; and if, periodically, you fail—as you surely will—adjust your lives, not the standards.

- Ted Koppel, June 14, 1998

IRS Has Significant Backlogs Following The Shutdown: What's Moving And What's Still Stuck The longest government shutdown in U.S. history is now over. The backlog of work, however, remains. As the IRS scrambles to get back to business as usual, expect delays.

The longest government shutdown in U.S. history is now over. The backlog of work, however, remains. As the IRS scrambles to get back to business as usual, expect delays. Here’s a look at processing times and what taxpayers and tax professionals should do.

www.forbes.com/sites/kellyp...

What The End Of The Penny Means For Consumers America’s oldest coin had been around since 1793. Now that Trump has stopped the minting of new pennies, will 99 cent pricing disappear? And what about sales taxes?

America’s oldest coin had been around since 1793. Now that the Mint has stopped producing new pennies, will promotional 99-cent pricing disappear? And what about sales taxes?

www.forbes.com/sites/kellyp...

The Government Shutdown Rolls On Edition Plus: What’s open at the IRS, the fight over premium tax credits, guidance on OBBBA, Social Security increases, digital taxes and tariffs, Section 179 expenses and more.

The latest edition of our free @forbes.com tax newsletter is out!
This week: The government shutdown rolls on.
Plus: What’s open at IRS, the fight over premium tax credits, guidance on OBBBA, Social Security increases, digital taxes, Section 179, and more.

www.forbes.com/sites/tax-br...

A Scary Story for Halloween The TP-Link Problem

It’s Halloween, and while most scares tonight will be make-believe, one thing gave me a chill this morning. The US may ban TP-Link equipment.
Here’s what you should know. #TaxSky #EA #CPA #Cybersecurity open.substack.com/pub/joshandt...

Nov. 3 is filing deadline for taxpayers in 9 disaster-struck states Residents of parts, and in some cases, all of these states dealt with real-life scares earlier this year. This post-Halloween weekend, they are facing a Nov. 3 disaster-delayed tax filing due date.

Nov. 3 is filing deadline for taxpayers in 9 disaster-struck states: Arkansas, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, Texas, Virginia, and West Virginia
substack.com/home/post/p-...

Social Security taxable wage base goes to $184,500 in 2026 The Social Security Administration also announced its annual wage base bump. That earnings hike means higher earners will face more FICA taxes to help pay for future Social Security benefits.

Social Security recipients will get a 2.8% bump in their 2026 benefits. And high earners now will see a bit more of their income subject to the Social Security payroll tax thanks to an increase next year to $184,500 in the wage base. open.substack.com/pub/dontmess...

IRS Issues Transitional Guidance On Car Loan Interest Reporting Under The New Tax Law Taxpayers who buy a new car assembled in U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the details, the IRS is rolling out guidance.

Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the details, the IRS is rolling out guidance.

www.forbes.com/sites/kellyp...

Some good news from @taxgirl.bsky.social

Watchdog Finds 2025 Tax Filing Season Was A Success, Worries About 2026 With the 2025 filing season behind us, the Treasury Inspector General for Tax Administration reports the IRS performed well, but cuts may change that result in 2026.

With the 2025 tax filing season behind us, the Treasury Inspector General for Tax Administration (TIGTA) issued a report finding that the IRS performed pretty well, but staffing cuts may change that result in 2026.

www.forbes.com/sites/kellyp...

Unspeakable

The Get Capone Edition Hobby expenses, international tax updates, a government watchdog looks at the IRS, gold and platinum visas, an ERC lawsuit is tossed, tax trivia and more.

The latest edition of our free @forbes.com tax newsletter is out!
This week: How the feds got Capone.
Plus: Hobby expenses, international tax updates, a government watchdog looks at IRS, gold & platinum visas, a tossed ERC lawsuit, tax trivia and more.

www.forbes.com/sites/tax-br...

Bisignano To Do Double-Duty As Social Security Commissioner And New IRS ‘CEO’ Secretary of the Treasury and Acting IRS Commissioner Scott Bessent announced that Social Security Commissioner Frank Bisignano will serve as new IRS "CEO."

U.S. Secretary of the Treasury and Acting Commissioner of the IRS Scott Bessent announced that Commissioner of the Social Security Administration Frank Bisignano will serve as Chief Executive Officer (CEO) of the IRS.

www.forbes.com/sites/kellyp...

SSA chief Bisignano named new IRS CEO Treasury Sec. Scott Bessent today lessened his acting-IRS Commissioner load by naming Frank Bisignano, Social Security's commissioner, to the newly created IRS CEO post. Bisignano will do both jobs.

The IRS has a new position, CEO. And the SSA commissioner has another job. Frank Bisignano will now effectively run both of the agencies that have the most personal contact with, and impact on, Americans’ lives. substack.com/home/post/p-...

I agree. And some of the other agencies are worse.

This is a spectacular work with an amazing cast. Highly recommend!

Her Stocks Were Quietly Stolen From Her I.R.A.

@tarasiegelbernard.bsky.social with a chilling article about investment fraud. I share it as a gift article, so it should be outside the paywall. www.nytimes.com/2025/10/03/y...

As Tariffs Send Coffee Prices Soaring, Some In Congress Are Brewing Up A Solution The cost of coffee is on the rise, thanks to tariffs. Congress has introduced a bill to scrap the tax—a move that could be popular as more Americans reach for a cup.

Happy National Coffee Day!
The cost of coffee is on the rise, thanks to tariffs. Congress has introduced a bill to scrap the tax—a move that could be popular as more Americans reach for a cup.
www.forbes.com/sites/kellyp...

@taxgirl.bsky.social with an update on the new #tax provisions for tipped workers. Proposed regulations timeline and a link to comment.

Keeping an eye on #IRS draft tax forms. Thank you, @taxgirl.bsky.social

Note that we won’t (reportedly) have these reporting opportunities for 2025.

Getting To Know You Tuesday: Zorka Milin Tax professionals aren’t always preparers—sometimes, they are focused on tax policy work. Zorka Milin is a tax attorney for the FACT Coalition.

Tax professionals aren’t always preparers—sometimes, they are focused on tax policy work. @zorkamilin.bsky.social is a tax attorney for the FACT Coalition—she’s the next tax pro in our Getting To Know You series for @forbes.com.

www.forbes.com/sites/kellyp...

Put this on your #tax to do list!

Government economic figures get lots of attention, especially from older Americans who rely on data that determines annual adjustments to Social Security benefits. A new bill would change the consumer price index used for those revisions.
www.dontmesswithtaxes.com/2025/08/prop...

Awesome news!

What’s new in #tax news!

Bipartisan bill would offer abused spouses tax-filing options and protection bit.ly/4lrcCgp

Many a client has been tripped up by the wash sale rules. Read all about it here. Thank you, @taxgirl.bsky.social

Trump Is Removing I.R.S. Chief 2 Months After He Was Confirmed

Did not expect this in the Friday afternoon news feed #TaxSky #TaxBS #IRS www.nytimes.com/2025/08/08/u...