LynOak Tax Services, ltd

09/28/2026

Rita presented “Passively Pursuing Your Goals: Passive Activities and Loss Limitations for Individuals” at the 2026 OSSEA convention covering Sec 469 of the IRC.

07/14/2026

Higher fuel prices prompted the IRS to raise the business, medical, and qualified moving rates for mileage on or after July 1, 2026.

07/14/2026

IRS officials ​are considering two versions of Form 1040, the primary ​paperwork individuals use to report earnings and claim tax ⁠benefits, sources say.

07/10/2026

The new Automatic Exemption from Penalty (AEP) program starts in summer 2026

07/01/2026

With contributions set to begin July 4, new IRS guidance gives qualifying individual donors a path to avoid filing a gift tax return.

04/13/2026

With just one week left in the tax filing season, the IRS has finalized regulations for the new, temporary, $25,000 tip deduction, with more examples of who qualifies.

03/02/2026

OBBB had many new tax provisions for 2025. If you have questions and would like to schedule a consultation, call the office at 937-320-1040.
If you would like a copy of my tax update letter, you can request one via my website at lynoaktax.com or email me at [email protected].

A tax, bookkeeping, and payroll firm owned by an Enrolled Agent able to represent clients before the IRS and other tax authorities.

02/16/2026

The first week of the 2026 tax filing season shows a slower start for tax returns and IRS processing, but early filers are receiving larger refunds than a year ago.

02/14/2026

Tipped workers will be able to deduct up to $25,000 in tips beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

02/14/2026

Updated postmark rules are redefining what we think of as “on time.” This could have big implications for year-end givers and for taxpayers at tax time.