CJ Smith CPA

10/09/2026

Trump Accounts now automatically enroll eligible children. Learn how to claim and activate your child's Trump Account today.

When Trump Accounts were first introduced, parents had to take action to open an account for their child. That process has now changed significantly.As of October 1, 2026, the U.S. Treasury announced they will automatically enroll eligible children under age 18 who have a valid Social Security numbe...

09/12/2026

The IRS and Indiana Department of Revenue have announced tax relief for Indiana taxpayers affected by the August 2026 storms, tornadoes, and flooding. Learn who qualifies and which deadlines have been extended.

The IRS has announced tax relief for Indiana individuals and businesses affected by the severe storms, straight-line winds, tornadoes, and flooding that began on August 11, 2026. Eligible taxpayers now have additional time to file certain tax returns, make tax payments, and complete other tax-relate...

09/09/2026

The IRS has expanded online access for businesses. Learn how an IRS Business Tax Account can help you make payments, access records, view notices, and stay on top of your federal tax obligations.

The IRS continues to expand its online services for businesses, making it easier than ever to access tax information without waiting on hold or searching through old paperwork.If you own a business, we recommend creating an IRS Business Tax Account. This secure online portal allows eligible business...

08/20/2026

Learn about the new $2,000 1099 threshold for small businesses and how it affects your accounting practices.

For years, businesses have been required to issue Form 1099-NEC to independent contractors and certain vendors once payments reached $600 during the year. Beginning with the 2026 tax year, that threshold has increased significantly to $2,000.While this change will reduce the number of 1099s many bus...

07/13/2026

Discover the IRS's new Tax Debt Help Tool designed to simplify resolving tax debt. Explore solutions to manage your tax debt effectively.

For many taxpayers, receiving an IRS notice about unpaid taxes can feel overwhelming. Fortunately, the IRS has recently introduced a new online resource designed to help individuals and businesses better understand their options when they cannot pay a tax balance in full.The IRS's new Tax Debt Help....

06/01/2026

Discover the new mobile app for managing "Trump Accounts" for children. Access features to track balances and manage contributions easily.

The U.S. Treasury Department recently announced the rollout of a new mobile app designed to help families access and manage “Trump accounts,” a new type of tax-advantaged savings account for eligible children.These accounts were created under the One Big Beautiful Bill Act and are available for ...

05/22/2026

🚨Indiana Tax Amnesty starts July 15!🚨
Indiana DOR is offering a limited-time amnesty (July 15–Sept. 9, 2026) to pay eligible past-due taxes (pre‑2024) with penalties, interest, and fees waived. You can check eligibility now and learn more on the Tax Amnesty 2026 webpage:
http://in.gov/dor/amnesty/