May 29, 2026
In this episode:
- A recent court case that could allow some taxpayers to recover certain IRS penalties and interest assessed during the COVID-era, and what steps may be available to protect refund claims.
- The growing problem of erroneous IRS and state tax notices, including what taxpayers should do before reacting to unexpected letters.
- Valuable but often-overlooked tax credits, including significant updates to the adoption tax credit and how proper communication with your tax preparer can prevent missed opportunities.
- A refresher on the Net Investment Income Tax (NIIT) and additional Medicare taxes, including why more taxpayers are being affected than ever before.
- Important considerations for farmers, landowners, and others exploring conservation easements or land preservation programs, including common compliance pitfalls.
- Tax-saving opportunities that may be disappearing soon, including credits related to electric vehicle charging equipment.
- Current mileage reimbursement rates, the importance of maintaining accurate mileage logs, and why mid-year IRS changes could matter.
- New direct deposit requirements for federal tax refunds, common IRS notice issues related to those requirements, and how to avoid unnecessary refund delays.
- Delaware-specific tax notice concerns that are affecting taxpayers across the state.
- A look at potential tax and legislative developments on the horizon, including discussions surrounding a possible federal gas tax holiday and what it could mean for consumers.