Thomas DeHart, CPA

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Thomas DeHart, CPA I help sophisticated crypto investors legally minimize tax liability and mitigate audit risk. Stop guessing. Get the Compliance Roadmap.

All filings are covered with $1M Audit Defense Services, Identity Theft Protection, and a $2,500 Tax Prep Guarantee.

12/17/2025

THE IRS CRYPTO LOOPHOLE THEY FORGOT TO CLOSE.
Get the Zero-Tax Harvest Checklist:
dub.sh/zerotax

12/14/2025

HOW TO LEGALLY PAY 0% TAX ON CRYPTO GAINS.
Download the "Zero-Tax Harvest Checklist":
dub.sh/zerotax

12/03/2025

***The Two-Part Strategy for Building Your Child's Future Wealth***
This is the most strategic, tax-efficient way to save for your kids, guaranteeing they have both a retirement nest egg AND resources for future skills.

Part 1: The "Set it & Forget it" Legacy Fund (FREE MONEY!) 💰
If your child is eligible for the new $1,000 federal grant through a Trump Account, you should claim it. Your child must have been born between 1/1/25 - 12/31/28 to get the free money. These accounts are available starting 7/4/26!

- Claim the $1K: Open the account and get the government's free deposit. Don't leave free money on the table.

- Invest & Forget: Invest the $1,000 in a low-cost, long-term index fund (like the S&P 500).

- The Power of Time: Write a letter for your child to open when they turn 70. If the S&P 500 continues to average ~10% annual growth, the one-time $1,000 would be worth nearly $800,000 on their 70th birthday. You've secured a piece of their financial future with zero out-of-pocket effort.

Part 2: The "Skills & Support" Savings Fund (The 529 Plan) 🎓
Outside of the free $1k from the government, the 529 Plan is the best vehicle to invest in your kids future. It's not just a "college fund"—it's a TAX FREE Skills Savings Fund.

The strength of the 529 Plan reveals the biggest weakness of the Trump account... The original $1,000 seed money, any growth, and any employer contributions are eventually TAXABLE. So that $800k created above will be subject to taxes. Why not just invest in a tax-free, skill-building alternative?

Why the 529 Plan is the Best Skills Fund:
1. Tax-Free Skills: Withdrawals are tax-free when used for tuition, books, fees, and even room and board at colleges, trade schools, and professional certificate programs.

2. Ultimate Flexibility: If they don't use it for traditional school, funds can be used for trade schools, professional certifications, transferred to a sibling, or even rolled over into a Roth IRA later in life (up to a $35k lifetime limit).

ACTION ITEM: If you have a child born after January 1, 2025, mark your calendar for July 4, 2026 to set them up with a government funded Trump account. Until then, consider setting up and saving for your child's future through a 529 Plan.

***Whether or not you like Dave Ramsey's personality, consider his Baby Steps for financial freedom. The above writing is relevant to Baby Step 5, which comes AFTER paying off non-mortgage personal debt and having a fully formed emergency fund. There's no reason to defer claiming the free government money if your child is eligible. I would recommend reading The Total Money Makeover and following the Baby Steps, before starting the 529 Plan.***

How to access your tax records via your FREE irs.gov account!
10/02/2025

How to access your tax records via your FREE irs.gov account!

🚨💥 BIG TAX NEWS: *New* Car Loan Interest Now Deductible! 💥🚨For the first time in decades, Uncle Sam is giving regular fo...
09/22/2025

🚨💥 BIG TAX NEWS: *New* Car Loan Interest Now Deductible! 💥🚨

For the first time in decades, Uncle Sam is giving regular folks a break on vehicle loans. Thanks to the new OBBBA law, starting in 2025 you can deduct the interest on a loan for:

✅ Cars & trucks
✅ SUVs & vans
✅ RVs & campers
✅ Trailers
✅ Motorcycles & ATVs

Yes, you read that right. If it rolls (or tows) and it’s new, personal-use, ***and final assembly in the USA*** → it could qualify.

💡 Why This Matters

Up to $10,000 of interest per year can be deductible.

You don’t need to itemize — it’s available even if you take the standard deduction.

Covers way more than just cars — think summer road trips, camping rigs, or that shiny motorcycle you’ve been eyeing.

⚠️ A Few Catches

1. Vehicle must be new (sorry, used doesn’t count).
2. Must be for personal use (not your business truck).
3. Income phase-outs apply ($100k single / $200k married).
4. Loan must start after Dec. 31, 2024.

🔥 Bottom line: For the next 4 years, the IRS is basically helping you pay for your car, RV, or camper loan.

Would you actually take out a loan to snag this deduction — or are you still with me on team “drive it ‘til it dies”?

As we get ready for the parades, cookouts, and fireworks tomorrow, I wanted to take a moment to wish you and your famili...
07/03/2025

As we get ready for the parades, cookouts, and fireworks tomorrow, I wanted to take a moment to wish you and your families a very happy and safe Independence Day.

This holiday is a powerful reminder of the freedom we share and the incredible sacrifices made by generations of service members to protect it. It’s a day for gratitude, remembrance, and celebrating the blessings of this great nation.

I hope the next few days are filled with laughter, good food, and cherished time with your loved ones. Please look out for one another, stay safe in the summer heat, and enjoy the celebration of our country's birth.

God bless you, your family, and God bless America.

Sincerely,
Thomas
Taxbusters Johnson City


Photo by Chris King on Unsplash

Your peace of mind is priceless. Every year, the IRS releases a "Dirty Dozen" list of common tax scams to help everyone ...
06/25/2025

Your peace of mind is priceless. Every year, the IRS releases a "Dirty Dozen" list of common tax scams to help everyone stay safe, and I wanted to share a few key warnings with our community here.
Scammers can be clever, but you can be wiser. Here are a few things to watch out for:

1. The "IRS" Imposter Call or Text: You might get an unexpected email or text message claiming to be from the IRS, often promising a surprise refund or making threats.

***The IRS will never initiate contact with you by email, text message, or social media to request personal or financial information. Just delete it.***

2. The "Ghost" Preparer: This is a person who will prepare your tax return for a fee but refuses to sign it or include their official IRS Preparer Tax Identification Number (PTIN). A trustworthy professional will ALWAYS sign the return they prepare. It’s the law, and it’s there to protect you.

3. The Fake Charity: Scammers often take advantage of our generosity by creating fake charities, especially after natural disasters. Always double-check that a charity is a real, IRS-qualified organization before you donate.

4. The "Too Good To Be True" Offer: Be very wary of anyone aggressively promising to settle your tax debt for "pennies on the dollar." These "Offer in Compromise mills" often charge huge fees for something you may not even qualify for.

The best defense against these tricks is to trust your instincts. If something feels rushed, suspicious, or too good to be true, it probably is.

At Taxbusters Johnson City, we help folks not only with top-notch, CPA-reviewed tax services, but also by including ID Theft Protection on all tax filings. We pay a small fee per return to secure this coverage for ALL our clients at no extra charge - one of many ways that we make helping with your taxes our love language.

Please be careful out there, and always rely on trusted, professional sources for help with your taxes.

Stay safe!

Source: https://www.irs.gov/newsroom/dirty-dozen-tax-scams-for-2025-irs-warns-taxpayers-to-watch-out-for-dangerous-threats

I worked from the Memorial Park Community Center in today!I learned it's so much more than the place with the picklebal...
06/19/2025

I worked from the Memorial Park Community Center in today!

I learned it's so much more than the place with the pickleball courts!! They offer programming every day of the week and much of it is open to all ages.

Visit, become a member (free), enjoy a JC treasure!




Address

Johnson City, TN
37601-37604, 37614, 37615 & 37684

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Tuesday 9am - 3pm
Wednesday 9am - 3pm
Thursday 9am - 3pm
Friday 9am - 3pm

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(423)9002300

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