Gahwiler Tax Service

10/14/2026

10/08/2026

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09/30/2026

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09/02/2026

How taxpayers can reconstruct records after a disaster
Some taxpayers may need to reconstruct vital records that were lost in a disaster. Having these records is important for tax purposes, federal assistance or insurance reimbursement. Here are a few steps people who were affected by a disaster can take.
Replace tax records
A recent tip explained the different types of tax transcripts and how to get them. The most common type needed after a disaster loss is a tax return transcript. Taxpayers can:
• Register to use Individual Online Account to view, print, or download their transcript(s)
• Order a transcript by mail or call the automated phone transcript service at 800-908-9946. This typically takes between 5 to 10 calendar days for delivery.
• Request by submitting Form 4506-T, Request for Transcript of
Tax Return.
Financial and bank records
Credit card companies and banks often provide users with access to past statements.
Reconstruct personal property records
Photos, videos, canceled checks, receipts can help establish the value of damaged or lost property. They can also check online sources to help determine fair market value.
Real property records
• Property documents: Contact the title or escrow company or bank that handled the purchase of the home or other property for copies of the records.
• Home improvements: Get in touch with the contractors who did the work and ask for statements to verify the work and cost. They can also get written descriptions from friends and relatives who saw the house before and after any improvements.
• Inherited property: Check court records for probate values. If a trust or estate existed, taxpayers can contact the attorney who handled the trust.
• No records: People with no records should check the county assessor's office for old records for the value of the property.
Vehicle records
Vehicle owners can research the current fair-market value for most vehicles. Resources are available online and at most libraries. They can also contact the dealer where the car was purchased and ask for a copy of the contract.
Taxpayers in a disaster area may now see personalized messages in their IRS Individual Online Account. The messages highlight tax relief, including extended filing and payment deadlines as well as a link to other disaster assistance information. They can also find news about disaster tax relief specific to their area on the Around the nation page of IRS.gov. See less

09/01/2026

The warns of an evolving digital assets scam where fraudsters are sending fake IRS letters that direct you to enroll your cryptocurrency in a “Digital Asset Compliance Portal” by a certain deadline. No such portal exists.

If you receive this notice, do not scan the QR code or provide any personal or financial information. Scammers are trying to steal your information and digital assets.

Stay alert and report these scams at www.irs.gov/scams

09/01/2026

An reminder for : A mid-year withholding review can help your clients avoid an unexpected tax bill or penalties when they file next year. Help them get started using the Tax Withholding Estimator: www.irs.gov/withholding

08/22/2026

Coming in 2027: The Saver’s Match will make saving easier for millions of low- and moderate-income taxpayers by providing a direct federal contribution to a taxpayer’s retirement account. Learn more from the → https://ow.ly/eFhC50ZyVnB

07/23/2026

IRS Tips for tracking charitable donations

Taxpayers who have made or plan to make charitable donations during the year should keep good records of all their contributions. Organized records can make tax filing easier and help support a deduction if it's claimed on a federal tax return.

Here are some tips to help taxpayers keep track of charitable donations: General deduction rules. Generally, taxpayers must itemize deductions on Schedule A (Form 1040), Itemized Deductions to claim a deduction for charitable contributions. However, beginning with tax year 2026, taxpayers who do not itemize may be able to deduct up to $1,000 in cash contributions, or $2,000 for married taxpayers filing jointly, made to certain qualified organizations.

Know what qualifies. Donations to individuals are not deductible. Examples of this include gifts or individual fundraising accounts. Taxpayers can use the Tax Exempt Organization Search tool on IRS.gov to verify whether an organization is eligible to receive tax-deductible contributions.

Keep proof of all cash donations. For any cash, check or other monetary gifts, taxpayers should keep a bank record or written communication from the charitable organization showing the organization's name, the date of the contribution and the amount donated.

Get a written acknowledgment for larger donations. Contributions of $250 or more, cash or property, require a written acknowledgment from the qualified organization before the deduction can be claimed. The documentation must include the amount of cash or description of the property. It also must state if the organization provided any goods or services in exchange for the gift. If so, description and a good faith estimate of the value of those goods or services must be provided.

Maintain records for non-cash donations. Taxpayers should keep records describing donated property and its fair market value. Additional documentation, including Form 8283, Noncash Charitable Contributions, and a qualified appraisal may be required for larger noncash donations.

Special rules apply to donations of certain types of property such as automobiles, inventory and certain other readily valued property. For more information, refer to Publication 526. For information on determining the value of noncash contributions, refer to Publication 561.

07/13/2026

Capital Gains & Losses

Capital gains are profits from selling assets and are generally taxable in the year the asset is sold. The holding period and your tax bracket matter: Short‑term capital gains are taxed at ordinary federal income tax rates based on your tax bracket, while long‑term gains may qualify for a lower rate.

Capital gains are calculated using the asset's cost basis, which typically includes the purchase price plus certain adjustments.
Capital gains taxes generally apply only to investments held in a taxable account; investments held in retirement plans and other tax‑advantaged accounts follow different rules.

Capital losses can offset capital gains and reduce taxable income.

02/21/2026

New office address is 402 N. Dexter Ave, Scranton, PA 18504