CMR Accounting Solutions LLC

09/23/2026

U.S. owners of foreign corporations should take note of a recent IRS update to Form 5471 reporting.

On September 14, the IRS updated the Schedule E (Form 5471) instructions to address new foreign tax allocation reporting following the repeal of the one-month deferral election under IRC §898(c)(2).

For certain affected CFCs, foreign income taxes may need to be allocated between the corporation's first required year and its succeeding tax year. Additional supporting statements may also be required.

Form 5471 compliance can change significantly based on ownership, entity classification, tax year, foreign taxes, and elections. Businesses and individuals with foreign corporate interests should review these requirements before year-end rather than waiting until return preparation.

CMR Accounting Solutions assists U.S. taxpayers with international tax compliance and Form 5471 reporting.

Contact: [email protected]

09/21/2026

Florida Reemployment Tax: September 30 Deadline to Download Historical Filing Records

Florida's reemployment tax filings moved to a new eFile and Pay system on August 24. According to Florida DOR, historical filing information in the prior system will be accessible only through September 30, 2026.

Consider downloading prior returns and payment records now and confirming they reconcile with your payroll and accounting records.

Need help reviewing payroll tax compliance or reconciliations?
Contact CMR Accounting Solutions at [email protected].

08/03/2026

Florida employers: update your calendar.

Florida’s reemployment tax filing and payment services are now scheduled to transition to the new eServices File and Pay system on August 24, 2026.

Before the change, confirm your login credentials, filing responsibilities, payroll-provider readiness, and prior-quarter reconciliations.

CMR Accounting Solutions LLC helps businesses manage payroll tax compliance, RT-6 filings, reconciliations, and filing controls.

[email protected]

Florida Department of Revenue - The Florida Department of Revenue has three primary lines of business: (1) Administer tax law for 36 taxes and fees, processing nearly $37.5 billion and more than 10 million tax filings annually; (2) Enforce child support law on behalf of about 1,025,000 children with...

08/01/2026

Donating to charity? Keep the records that protect your tax deduction.

The IRS requires documentation based on the type and amount of the gift. That may include:

✓ Bank records or receipts for cash donations
✓ Written acknowledgment for gifts of $250 or more
✓ Detailed records for donated property
✓ A qualified appraisal for certain higher-value noncash gifts
✓ Confirmation that the organization is eligible to receive deductible contributions

Do not wait until tax season to recreate the paperwork.

CMR Accounting Solutions can help review your charitable-giving records and incorporate contributions into your tax-planning strategy.

Contact: [email protected]

Tax Tip 2026-57, July 23, 2026 — Taxpayers who have made or plan to make charitable donations during the year should keep good records of all their contributions.

07/30/2026

The IRS Business Tax Account now offers more tools for eligible businesses and organizations.

Businesses may be able to:
• View more digital IRS notices
• Download EIN verification documentation
• Review payments and balances
• Make certain tax payments online
• Manage authorized account access

Digital access can save time, but it is important to review notices promptly and protect account credentials.

CMR Accounting Solutions can assist with IRS account reviews, notices, payment issues, and ongoing tax compliance support.

Contact: [email protected]

FS-2026-11, July 2026 — The Internal Revenue Service continues to expand the features in Business Tax Account, an online self-service platform that allows authorized users of certain entity types to securely access and manage their federal tax records and information online.

07/28/2026

Florida’s new home-hardening sales tax benefit is a refund program — not a point-of-sale exemption.

Qualifying homeowners may be eligible to recover sales tax paid on certain impact-resistant doors, garage doors, and windows purchased from July 1, 2026, through June 30, 2029.

Key requirements include qualifying products, eligible site-built homestead property, a just value of $700,000 or less, and receipts showing Florida sales tax paid. The refund is limited to one property and capped at $500.

Contractors should preserve supplier receipts because homeowners may need them to support the refund claim.

CMR Accounting Solutions can assist with Florida sales tax questions, transaction review, refund documentation, and compliance support.

Contact: [email protected]



https://qas.floridarevenue.com/taxes/tips/Documents/TIP_26A01-09.pdf

07/25/2026

IRS Raises the 2026 Business Standard Mileage Rate to 76 Cents Effective July 1

For business miles driven from July 1 through December 31, 2026, the optional standard mileage rate is now 76 cents per mile, compared with 72.5 cents per mile for January through June.

That midyear change creates a practical accounting issue for businesses that reimburse employees, officers, or owner-employees for vehicle use.

The medical and qualifying moving rate increased to 23.5 cents per mile. The charitable rate remains 14 cents per mile.

CMR Accounting Solutions helps businesses strengthen reimbursement policies, improve documentation, and keep payroll, expense reports, and general ledger records aligned.

For assistance, contact [email protected]

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07/23/2026

Florida’s reemployment tax filing system changes on August 1, 2026.

Employers will use a new Florida Department of Revenue online system for Forms RT-6, RT-8A, RT-7, and related payments.

Before the change:

• Confirm your login credentials
• Update your saved link
• Check with your payroll provider
• Review filing deadlines
• Reconcile prior payroll filings

The system may be new, but filing and payment responsibilities remain the same.

CMR Accounting Solutions can help review your Florida payroll tax compliance and resolve filing or account issues.

Contact: [email protected]

Florida Department of Revenue - The Florida Department of Revenue has three primary lines of business: (1) Administer tax law for 36 taxes and fees, processing nearly $37.5 billion and more than 10 million tax filings annually; (2) Enforce child support law on behalf of about 1,025,000 children with...

07/22/2026

The IRS Business Tax Account now includes more tools for eligible businesses, including balances, payments, transcripts, digital notices, compliance checks, EIN verification, and account access management.

CMR Accounting Solutions LLC helps businesses review IRS matters, resolve notices, and strengthen tax compliance.

Contact: [email protected]

FS-2026-11, July 2026 — The Internal Revenue Service continues to expand the features in Business Tax Account, an online self-service platform that allows authorized users of certain entity types to securely access and manage their federal tax records and information online.

07/22/2026

Puerto Rico businesses: Municipal IVU filing is moving into SURI for 73 participating municipalities beginning August 1, 2026.

Review merchant locations, municipal registrations, SURI users and access, sales by municipality, IVU reconciliations, and exempt sale documentation.

CMR Accounting Solutions LLC helps with Puerto Rico IVU compliance, SURI account review, and accounting support.

Contact: [email protected]

La nueva funcionalidad estará disponible a partir del 1 de agosto y simplificará el cumplimiento contributivo para sobre 300 mil comerciantes