Simple Tax Services

10/08/2026

Ticking....Oct 15th

09/27/2026

Franklyn Hutchinson moved from Trinidad and Tobago all the way to Yamanashi Prefecture, Japan — widely known as the fruit basket and viticulture center of the entire country. 🍇

There, he built Rosy Grapes, believed to be the first Black-owned grape farm in Japan. He grows his crops with the support of local neighbors and the surrounding farming community, and his story has picked up real attention as an inspiring example of an outsider finding his place in Japan’s deeply traditional farming world.

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09/27/2026

09/27/2026

https://www.facebook.com/100064560856808/posts/1507343198094361/?mibextid=CDWPTG

According to the Treasury Inspector General for Tax Administration, case receipts with the agency’s Identity Theft Victim Assistance (IDTVA) unit almost quadrupled in volume in fiscal 2021, due in large part to the COVID-19 pandemic.

Five years later, the IRS is still dealing with “significantly elevated” case receipts “due to the increased prevalence and sophistication” of identity theft fraud, per the report. The beginning inventory of cases in fiscal 2025 was 473,608, and the agency finished the year at 315,740.

Read more: https://fedscoop.com/irs-identity-theft-cases-backlog-report/

09/17/2026

The House panel’s bipartisan measure to restore the full gambling tax deduction is known as the FULL HOUSE Act. Formally advanced by the House Ways and Means Committee, the provision was bundled into a broader legislative package under H.R. 10357 (the Digital Asset Tax Certainty Act).Key Details of the MeasureThe Core Fix: The measure repeals a 90% cap on wagering loss deductions, once again allowing taxpayers to deduct 100% of their gambling losses up to the full amount of their winnings in a single tax year.The Backstory: The 90% cap was originally enacted under the One Big Beautiful Bill Act. That cap meant that even if a gambler broke even (e.g., $10,000 in winnings and $10,000 in losses), they would still face a "phantom tax" on 10% ($1,000) of their gross winnings.Effective Date: If passed into law, the reversal would apply retroactively to the 2026 tax year (covering losses sustained from January 1, 2026, onward).Bipartisan Sponsors: The initial push was spearheaded by Representatives Steven Horsford (D-Nev.) and Max Miller (R-Ohio), with strong backing from the broader Nevada delegation and gaming industry advocates

09/16/2026

https://www.youtube.com/live/7TITr2FqnSs?is=ZxOXm1sPMCuvj5sd

🔴 Federal Reserve LIVE | Kevin Warsh Speaks Following FOMC Rate Dec...

09/15/2026

https://www.youtube.com/live/2gNdcJPuTCw?is=YuTaKrAnPeba7DKd

The Senate is holding a key procedural vote on the CLARITY Act. Wat...

09/06/2026

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2026, through August 31, 2026.

09/06/2026

(FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the CRA. June 2026