Jemin Na, CPA
@jeminna.bsky.social
Estimated tax due dates
Jan 15, 2026
April 15, 2026
June 16, 2026
Sept 15, 2026
2025 4Q IRS interest rate for underpayments: 7% per year, compounded daily
Jan 15, 2026
April 15, 2026
June 16, 2026
Sept 15, 2026
2025 4Q IRS interest rate for underpayments: 7% per year, compounded daily
Reposted by Jemin Na, CPA
Certain Texas businesses must file a second Franchise Tax extension by August 15, 2025, to avoid penalties. Find out who needs to file and how to do it.
Texas Franchise Tax: August 15 Second Extension Deadline Approaching for Mandatory EFT Payors
It’s that time again—if your business paid $10,000 or more in franchise taxes last year, this reminder is for you. The August 15 deadline is fast approaching for the second extension of the Texas Franchise Tax report. And yes—this second extension comes with some strings attached. Here’s How It Works: If you’re a mandatory EFT payor (meaning you paid $10,000 or more in franchise tax during the prior year), you may have already filed an extension back in May, which moved your due date to…
cbriancpa.com
July 10, 2025 at 4:26 PM
Certain Texas businesses must file a second Franchise Tax extension by August 15, 2025, to avoid penalties. Find out who needs to file and how to do it.
For some, medical debt will disappear
Los Angeles County is paying off millions owed by its residents. Do you qualify?
enewspaper.latimes.com/infinity/art...
Los Angeles County is paying off millions owed by its residents. Do you qualify?
enewspaper.latimes.com/infinity/art...
For some, medical debt will disappear
For some, medical debt will disappear
enewspaper.latimes.com
May 27, 2025 at 1:53 PM
For some, medical debt will disappear
Los Angeles County is paying off millions owed by its residents. Do you qualify?
enewspaper.latimes.com/infinity/art...
Los Angeles County is paying off millions owed by its residents. Do you qualify?
enewspaper.latimes.com/infinity/art...
Reposted by Jemin Na, CPA
Today from me: Under Kelly Loeffler, the Small Business Administration is cutting staff, tightening lending standards, terminating programs for women and veterans, and barring loan applications from companies that have even one drop of non-American investment. www.nytimes.com/2025/05/23/b...
Under Trump, a Mainstay for Small Businesses Clamps Down
www.nytimes.com
May 23, 2025 at 5:26 PM
Today from me: Under Kelly Loeffler, the Small Business Administration is cutting staff, tightening lending standards, terminating programs for women and veterans, and barring loan applications from companies that have even one drop of non-American investment. www.nytimes.com/2025/05/23/b...
Reposted by Jemin Na, CPA
Some light long holiday reading: A look at some tax changes in GOP’s House-passed One Big Beautiful Bill.
#TaxSky www.dontmesswithtaxes.com/2025/05/trum...
#TaxSky www.dontmesswithtaxes.com/2025/05/trum...
A look at some tax changes in GOP’s House-passed One Big Beautiful Bill
House Speaker Rep. Mike Johnson (R-Louisiana) on the phone as he and staff walk through the U.S. Capitol’s Statuary Hall. (Credit: Mike Johnson Facebook) The Republicans’ consolidated measure to enact...
www.dontmesswithtaxes.com
May 23, 2025 at 3:16 PM
Some light long holiday reading: A look at some tax changes in GOP’s House-passed One Big Beautiful Bill.
#TaxSky www.dontmesswithtaxes.com/2025/05/trum...
#TaxSky www.dontmesswithtaxes.com/2025/05/trum...
Reposted by Jemin Na, CPA
Yes, there are income and other restrictions.
Yes, there will be a list of qualifying occupations.
Yes, you must report tips to qualify for the deduction.
Yes, there are TWO versions of the bill (House & Senate are different).
Rely on trusted sources. And be patient. (2/2)
Yes, there will be a list of qualifying occupations.
Yes, you must report tips to qualify for the deduction.
Yes, there are TWO versions of the bill (House & Senate are different).
Rely on trusted sources. And be patient. (2/2)
May 23, 2025 at 12:41 AM
Yes, there are income and other restrictions.
Yes, there will be a list of qualifying occupations.
Yes, you must report tips to qualify for the deduction.
Yes, there are TWO versions of the bill (House & Senate are different).
Rely on trusted sources. And be patient. (2/2)
Yes, there will be a list of qualifying occupations.
Yes, you must report tips to qualify for the deduction.
Yes, there are TWO versions of the bill (House & Senate are different).
Rely on trusted sources. And be patient. (2/2)
Reposted by Jemin Na, CPA
There are so many bad takes on "no tax on tips" on social right now.
No, it's not yet law.
No, you can't just accept tips to qualify for the deduction.
No, it isn't true that credit card tips do not count towards the deduction. (1/2)
No, it's not yet law.
No, you can't just accept tips to qualify for the deduction.
No, it isn't true that credit card tips do not count towards the deduction. (1/2)
May 23, 2025 at 12:41 AM
There are so many bad takes on "no tax on tips" on social right now.
No, it's not yet law.
No, you can't just accept tips to qualify for the deduction.
No, it isn't true that credit card tips do not count towards the deduction. (1/2)
No, it's not yet law.
No, you can't just accept tips to qualify for the deduction.
No, it isn't true that credit card tips do not count towards the deduction. (1/2)
His Life Savings Were Mailed to Him by Paper Check. Now, It’s Gone. www.nytimes.com/2025/05/17/b...
His Life Savings Were Mailed to Him by Paper Check. Now, It’s Gone.
www.nytimes.com
May 21, 2025 at 2:25 PM
His Life Savings Were Mailed to Him by Paper Check. Now, It’s Gone. www.nytimes.com/2025/05/17/b...
Reposted by Jemin Na, CPA
Today's #TaxSky tip: New high school graduates (and other students) should study up on these two education tax credits bit.ly/4jTd6M5 | All May Tax Tips at bit.ly/3DzGrv4
Students should study up on these 2 education tax credits
Photo by Andy Quezada/Unsplash May typically is the end of high school for millions of students across the United States. After a summer break, a lot of these new graduates will be heading off to coll...
bit.ly
May 15, 2025 at 3:37 PM
Today's #TaxSky tip: New high school graduates (and other students) should study up on these two education tax credits bit.ly/4jTd6M5 | All May Tax Tips at bit.ly/3DzGrv4
Reposted by Jemin Na, CPA
This is an interesting review of the different tax treatment between poets and songwriters, both of whom sell their artistic works.
Poets are taxed at ordinary income tax rates while songwriters get preferred capital gains tax rates. Why?
#TaxSky #TaxBS @hilaryescajeda.bsky.social
Poets are taxed at ordinary income tax rates while songwriters get preferred capital gains tax rates. Why?
#TaxSky #TaxBS @hilaryescajeda.bsky.social
I am happy to announce that the Columbia Law Review Forum has published my piece, "Taylor Swift, Tortured Poets, and The Tax Code's Frankenstein. " The CLR Forum editors did a great job, and I am grateful for their hard work.
www.columbialawreview.org/content/tayl...
www.columbialawreview.org/content/tayl...
TAYLOR SWIFT, TORTURED POETS, AND THE TAX CODE’S FRANKENSTEIN - Columbia Law Review
Introduction Swift’s love songs often explore the dark side of relationships. For example, in her 2014 song “Wildest Dreams,” Swift sings of a man of bad character: He’s so tall and handsome as hell H...
www.columbialawreview.org
May 15, 2025 at 2:36 PM
This is an interesting review of the different tax treatment between poets and songwriters, both of whom sell their artistic works.
Poets are taxed at ordinary income tax rates while songwriters get preferred capital gains tax rates. Why?
#TaxSky #TaxBS @hilaryescajeda.bsky.social
Poets are taxed at ordinary income tax rates while songwriters get preferred capital gains tax rates. Why?
#TaxSky #TaxBS @hilaryescajeda.bsky.social
Reposted by Jemin Na, CPA
The Small Business Administration, joined by the Internal Revenue Service, celebrate the efforts of small companies and offer practical business and tax tips during the SBA’s annual National Small Business Week. This year that’s May 4 through May 10. #TaxSky www.dontmesswithtaxes.com/2025/05/nati...
IRS & SBA celebrate and offer help to smaller companies during National Small Business Week 2025
The Small Business Administration’s annual National Small Business Week kicks off on Sunday, May 4, and runs through Saturday, May 10, 2025. As is tradition, the Internal Revenue Service participates ...
www.dontmesswithtaxes.com
May 3, 2025 at 8:21 PM
The Small Business Administration, joined by the Internal Revenue Service, celebrate the efforts of small companies and offer practical business and tax tips during the SBA’s annual National Small Business Week. This year that’s May 4 through May 10. #TaxSky www.dontmesswithtaxes.com/2025/05/nati...
Reposted by Jemin Na, CPA
Maybe it's been happening for a bit and I haven't seen it before, but a taxpayer pointed out that certain IRS notices now discourage phone calls by noting the following: We're experiencing heavy call volumes and long hold times.
(That's the same message you usually get when you call.)
#TaxSky
(That's the same message you usually get when you call.)
#TaxSky
April 23, 2025 at 4:53 PM
Maybe it's been happening for a bit and I haven't seen it before, but a taxpayer pointed out that certain IRS notices now discourage phone calls by noting the following: We're experiencing heavy call volumes and long hold times.
(That's the same message you usually get when you call.)
#TaxSky
(That's the same message you usually get when you call.)
#TaxSky
Reposted by Jemin Na, CPA
Coming up on @ktla.com: Tomorrow is tax day, but some people are gambling that cuts to the IRS mean they don't have to file in a timely manner. That's a bad idea
April 14, 2025 at 5:42 PM
Coming up on @ktla.com: Tomorrow is tax day, but some people are gambling that cuts to the IRS mean they don't have to file in a timely manner. That's a bad idea
Reposted by Jemin Na, CPA
Today's tax tip: File Form 4868 for an extension if you can’t finish your taxes by April 15 bit.ly/4i4zgcy | All April Tax Tips at bit.ly/4gWZyNX
File for an extension if you can’t finish your taxes by April 15
Hanging on for more time to file your taxes? Get more by filing Form 4868. (Harold Lloyd in 1923 film Safety Last!) Tax returns are due in just over a week. A lot of taxpayers, however, don’t seem in ...
bit.ly
April 7, 2025 at 3:43 PM
Today's tax tip: File Form 4868 for an extension if you can’t finish your taxes by April 15 bit.ly/4i4zgcy | All April Tax Tips at bit.ly/4gWZyNX
Reposted by Jemin Na, CPA
Today's No Fooling tax advice: The IRS is serious. April 1 is the RMD deadline for some older retirement savers. If you haven't taken the mandated withdrawal, do so NOW! bit.ly/4c1IcOJ
The IRS isn’t fooling around. April 1 is RMD deadline for some.
Most of these birthday celebrants at an Austin-area senior citizens' center are enjoying the shared festivities. Maybe the man on the right is worried about his upcoming RMD. (Photo by Kay Bell) Did y...
bit.ly
April 1, 2025 at 6:01 PM
Today's No Fooling tax advice: The IRS is serious. April 1 is the RMD deadline for some older retirement savers. If you haven't taken the mandated withdrawal, do so NOW! bit.ly/4c1IcOJ
Reposted by Jemin Na, CPA
The IRS has announced interest rates will remain the same for the calendar quarter beginning April 1, 2025.
For individuals, the rate for overpayments (yes, the IRS has to pay you interest sometimes) and underpayments will be 7% per year, compounded daily.
(1/2)
For individuals, the rate for overpayments (yes, the IRS has to pay you interest sometimes) and underpayments will be 7% per year, compounded daily.
(1/2)
March 6, 2025 at 9:24 PM
The IRS has announced interest rates will remain the same for the calendar quarter beginning April 1, 2025.
For individuals, the rate for overpayments (yes, the IRS has to pay you interest sometimes) and underpayments will be 7% per year, compounded daily.
(1/2)
For individuals, the rate for overpayments (yes, the IRS has to pay you interest sometimes) and underpayments will be 7% per year, compounded daily.
(1/2)
Reposted by Jemin Na, CPA
Fun times Wednesday. Join me and fellow WSJ tax reporters Laura Saunders and Ashlea Ebeling for a live chat at 1 pm ET.
Happy tax season!
Subscribers can submit questions now:
www.wsj.com/personal-fin...
Happy tax season!
Subscribers can submit questions now:
www.wsj.com/personal-fin...
Live Q&A: Ask Our Experts Your Tax Season Questions
Join a live written chat with WSJ’s tax reporters, 1 p.m. to 2 p.m. ET on Wednesday, Feb. 26. WSJ subscribers can submit their questions in the comments space at the end of the article.
www.wsj.com
February 26, 2025 at 2:16 AM
Fun times Wednesday. Join me and fellow WSJ tax reporters Laura Saunders and Ashlea Ebeling for a live chat at 1 pm ET.
Happy tax season!
Subscribers can submit questions now:
www.wsj.com/personal-fin...
Happy tax season!
Subscribers can submit questions now:
www.wsj.com/personal-fin...
Reposted by Jemin Na, CPA
If you were successful last year selling products or services through apps and marketplaces, you probably got one or more 1099-K forms. This third-party reporting statement tells you and the IRS how much you made in 2024 — if it was more than $5,000.
www.dontmesswithtaxes.com/2025/02/make...
www.dontmesswithtaxes.com/2025/02/make...
Make sure you got your 1099-K forms, and that they are correct
Some taxpayers got a new earnings statement this year, a 1099-K form. The tax statement arrived because they sold more than $5,000 in products or services through apps and marketplaces. The 1099-K, of...
www.dontmesswithtaxes.com
February 15, 2025 at 10:38 PM
If you were successful last year selling products or services through apps and marketplaces, you probably got one or more 1099-K forms. This third-party reporting statement tells you and the IRS how much you made in 2024 — if it was more than $5,000.
www.dontmesswithtaxes.com/2025/02/make...
www.dontmesswithtaxes.com/2025/02/make...
Reposted by Jemin Na, CPA
Handy tax season resource from @taxgirl.bsky.social www.forbes.com/sites/kellyp...
How To Survive The 2025 Tax Filing Season
A guide to tax rates, brackets, refunds, deductions, credits, deadlines, and dealing with the IRS-both before and after you file your 1040.
www.forbes.com
February 11, 2025 at 2:20 PM
Handy tax season resource from @taxgirl.bsky.social www.forbes.com/sites/kellyp...
Reposted by Jemin Na, CPA
Happy Groundhog Day! While it’s fun to repeat watch Bill Murray's movie classic named after this holiday, redoing taxes rarely is enjoyable. But sometimes a repeat filing via amended Form 1040-X (correct an error; claim a missed tax break) is worthwhile.
www.dontmesswithtaxes.com/2025/02/when...
www.dontmesswithtaxes.com/2025/02/when...
When Tax Groundhog Day, aka fixing a prior return by filing Form 1040-X, is wise
The Internal Revenue Service has its own Groundhog Day, but it's not limited to just one specific 24-hour period. Most often, this re-do of a tax return is when you find you made a mistake on your ori...
www.dontmesswithtaxes.com
February 2, 2025 at 9:54 PM
Happy Groundhog Day! While it’s fun to repeat watch Bill Murray's movie classic named after this holiday, redoing taxes rarely is enjoyable. But sometimes a repeat filing via amended Form 1040-X (correct an error; claim a missed tax break) is worthwhile.
www.dontmesswithtaxes.com/2025/02/when...
www.dontmesswithtaxes.com/2025/02/when...
Reposted by Jemin Na, CPA
Ready or not, here it comes: the marathon of the tax season. The W-2s are in the mail, the K-1s shouldn’t be far behind, and the 1099s are being filed.
Tax Season 2025 Begins. Ready or Not. - CPA Trendlines
ACTIONABLE INTELLIGENCE FOR TAX, ACCOUNTING, AND FINANCIAL PROFESSIONALS
cpatrendlines.com
January 24, 2025 at 3:07 PM
Ready or not, here it comes: the marathon of the tax season. The W-2s are in the mail, the K-1s shouldn’t be far behind, and the 1099s are being filed.
Reposted by Jemin Na, CPA
As a separate nationwide order issued by a different federal judge in Texas (Smith v. U.S. Department of the Treasury) still remains in place, reporting companies are not currently required to file beneficial ownership information with FinCEN despite the Supreme Court’s action [in Texas Top]. (3/3)
January 24, 2025 at 3:58 PM
As a separate nationwide order issued by a different federal judge in Texas (Smith v. U.S. Department of the Treasury) still remains in place, reporting companies are not currently required to file beneficial ownership information with FinCEN despite the Supreme Court’s action [in Texas Top]. (3/3)
Reposted by Jemin Na, CPA
However, reporting companies may continue to voluntarily submit beneficial ownership information reports.
...
(2/3)
...
(2/3)
January 24, 2025 at 3:58 PM
However, reporting companies may continue to voluntarily submit beneficial ownership information reports.
...
(2/3)
...
(2/3)
Reposted by Jemin Na, CPA
From FinCEN:
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. (1/3)
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. (1/3)
January 24, 2025 at 3:58 PM
From FinCEN:
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. (1/3)
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. (1/3)
Reposted by Jemin Na, CPA
Lots of energy tax credit news in today's
@joebwan.bsky.social
EideBailly roundup, including note that expected pause by new administration of clean energy tax credit rules means taxpayers will likely rely on any available guidance until new regulations come out.
@joebwan.bsky.social
EideBailly roundup, including note that expected pause by new administration of clean energy tax credit rules means taxpayers will likely rely on any available guidance until new regulations come out.
And another easement valuation fails.
Links include @cadystanton.bsky.social @taxnotes.bsky.social @taxtweet.bsky.social @taxgirl.bsky.social @itsbritforbes.bsky.social @bloombergtax.com @law360.bsky.social @washingtonpost.com @nytimes.com @financialtimes.com @punchbowlnews.bsky.social and more.
Links include @cadystanton.bsky.social @taxnotes.bsky.social @taxtweet.bsky.social @taxgirl.bsky.social @itsbritforbes.bsky.social @bloombergtax.com @law360.bsky.social @washingtonpost.com @nytimes.com @financialtimes.com @punchbowlnews.bsky.social and more.
Tax News & Views Executive Orders Come In From the Cold Roundup
Trump moves add uncertainty to rulemaking, stop IRS hiring. Taking on global minimum tax. Tariff Territory. Come in from the cold.
www.eidebailly.com
January 22, 2025 at 8:02 PM
Lots of energy tax credit news in today's
@joebwan.bsky.social
EideBailly roundup, including note that expected pause by new administration of clean energy tax credit rules means taxpayers will likely rely on any available guidance until new regulations come out.
@joebwan.bsky.social
EideBailly roundup, including note that expected pause by new administration of clean energy tax credit rules means taxpayers will likely rely on any available guidance until new regulations come out.
Reposted by Jemin Na, CPA
Thrilled to be a guest on the HR{preneur}® by ADP® podcast.
Our discussion? Learn how to partner with your tax pro for smooth preparation and long-term success. Don't miss essential tips on common mistakes and tax deductions! 🎧
hrpreneur.podbean.com/e/your-top-s...
Our discussion? Learn how to partner with your tax pro for smooth preparation and long-term success. Don't miss essential tips on common mistakes and tax deductions! 🎧
hrpreneur.podbean.com/e/your-top-s...
Your top small business tax questions... answered | HR{preneur}® by ADP®
Are you prepared for tax season? Get answers to the most common questions small business owners have from our guest, Kelly Phillips Erb, a recognized tax attorney and writer. We’ll dive into how to le...
hrpreneur.podbean.com
January 22, 2025 at 8:49 PM
Thrilled to be a guest on the HR{preneur}® by ADP® podcast.
Our discussion? Learn how to partner with your tax pro for smooth preparation and long-term success. Don't miss essential tips on common mistakes and tax deductions! 🎧
hrpreneur.podbean.com/e/your-top-s...
Our discussion? Learn how to partner with your tax pro for smooth preparation and long-term success. Don't miss essential tips on common mistakes and tax deductions! 🎧
hrpreneur.podbean.com/e/your-top-s...