Phyllis Jo Kubey
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pkubeyea.bsky.social
Phyllis Jo Kubey
@pkubeyea.bsky.social
340 followers 230 following 120 posts
Passionate about taxes, music, art, fitness, and many other things!
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Reposted by Phyllis Jo Kubey
taxgirl.bsky.social
The longest government shutdown in U.S. history is now over. The backlog of work, however, remains. As the IRS scrambles to get back to business as usual, expect delays. Here’s a look at processing times and what taxpayers and tax professionals should do.

www.forbes.com/sites/kellyp...
IRS Has Significant Backlogs Following The Shutdown: What's Moving And What's Still Stuck
The longest government shutdown in U.S. history is now over. The backlog of work, however, remains. As the IRS scrambles to get back to business as usual, expect delays.
www.forbes.com
November 21, 2025 at 12:25 PM
Reposted by Phyllis Jo Kubey
taxgirl.bsky.social
America’s oldest coin had been around since 1793. Now that the Mint has stopped producing new pennies, will promotional 99-cent pricing disappear? And what about sales taxes?

www.forbes.com/sites/kellyp...
What The End Of The Penny Means For Consumers
America’s oldest coin had been around since 1793. Now that Trump has stopped the minting of new pennies, will 99 cent pricing disappear? And what about sales taxes?
www.forbes.com
November 14, 2025 at 2:23 PM
Reposted by Phyllis Jo Kubey
taxgirl.bsky.social
The latest edition of our free @forbes.com tax newsletter is out!
This week: The government shutdown rolls on.
Plus: What’s open at IRS, the fight over premium tax credits, guidance on OBBBA, Social Security increases, digital taxes, Section 179, and more.

www.forbes.com/sites/tax-br...
The Government Shutdown Rolls On Edition
Plus: What’s open at the IRS, the fight over premium tax credits, guidance on OBBBA, Social Security increases, digital taxes and tariffs, Section 179 expenses and more.
www.forbes.com
November 3, 2025 at 8:36 PM
Reposted by Phyllis Jo Kubey
joshyoungblood.bsky.social
It’s Halloween, and while most scares tonight will be make-believe, one thing gave me a chill this morning. The US may ban TP-Link equipment.
Here’s what you should know. #TaxSky #EA #CPA #Cybersecurity open.substack.com/pub/joshandt...
A Scary Story for Halloween
The TP-Link Problem
open.substack.com
October 31, 2025 at 11:39 AM
Reposted by Phyllis Jo Kubey
taxtweet.bsky.social
Nov. 3 is filing deadline for taxpayers in 9 disaster-struck states: Arkansas, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, Texas, Virginia, and West Virginia
substack.com/home/post/p-...
Nov. 3 is filing deadline for taxpayers in 9 disaster-struck states
Residents of parts, and in some cases, all of these states dealt with real-life scares earlier this year. This post-Halloween weekend, they are facing a Nov. 3 disaster-delayed tax filing due date.
substack.com
November 3, 2025 at 1:20 AM
Reposted by Phyllis Jo Kubey
taxtweet.bsky.social
Social Security recipients will get a 2.8% bump in their 2026 benefits. And high earners now will see a bit more of their income subject to the Social Security payroll tax thanks to an increase next year to $184,500 in the wage base. open.substack.com/pub/dontmess...
Social Security taxable wage base goes to $184,500 in 2026
The Social Security Administration also announced its annual wage base bump. That earnings hike means higher earners will face more FICA taxes to help pay for future Social Security benefits.
open.substack.com
October 24, 2025 at 10:29 PM
Reposted by Phyllis Jo Kubey
taxgirl.bsky.social
Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the details, the IRS is rolling out guidance.

www.forbes.com/sites/kellyp...
IRS Issues Transitional Guidance On Car Loan Interest Reporting Under The New Tax Law
Taxpayers who buy a new car assembled in U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the details, the IRS is rolling out guidance.
www.forbes.com
October 22, 2025 at 4:08 PM
pkubeyea.bsky.social
Some good news from @taxgirl.bsky.social
taxgirl.bsky.social taxgirl @taxgirl.bsky.social · Oct 21
PPS is answering the phones, but you have to call when it opens.
Some of the fax lines are still open (the lien department was early on), but I don't know if they are being monitored.
October 21, 2025 at 10:52 PM
Reposted by Phyllis Jo Kubey
taxgirl.bsky.social
With the 2025 tax filing season behind us, the Treasury Inspector General for Tax Administration (TIGTA) issued a report finding that the IRS performed pretty well, but staffing cuts may change that result in 2026.

www.forbes.com/sites/kellyp...
Watchdog Finds 2025 Tax Filing Season Was A Success, Worries About 2026
With the 2025 filing season behind us, the Treasury Inspector General for Tax Administration reports the IRS performed well, but cuts may change that result in 2026.
www.forbes.com
October 20, 2025 at 7:17 PM
pkubeyea.bsky.social
Unspeakable
maddow.bsky.social Rachel Maddow @maddow.bsky.social · Oct 20
omg!

"Demolition crews have begun tearing down part of the White House...

"Construction teams Monday were demolishing a portion of the East Wing, with a backhoe ripping through the structure..."

www.washingtonpost.com/politics/202...
October 20, 2025 at 8:24 PM
Reposted by Phyllis Jo Kubey
taxgirl.bsky.social
The latest edition of our free @forbes.com tax newsletter is out!
This week: How the feds got Capone.
Plus: Hobby expenses, international tax updates, a government watchdog looks at IRS, gold & platinum visas, a tossed ERC lawsuit, tax trivia and more.

www.forbes.com/sites/tax-br...
The Get Capone Edition
Hobby expenses, international tax updates, a government watchdog looks at the IRS, gold and platinum visas, an ERC lawsuit is tossed, tax trivia and more.
www.forbes.com
October 20, 2025 at 7:08 PM
Reposted by Phyllis Jo Kubey
taxgirl.bsky.social
U.S. Secretary of the Treasury and Acting Commissioner of the IRS Scott Bessent announced that Commissioner of the Social Security Administration Frank Bisignano will serve as Chief Executive Officer (CEO) of the IRS.

www.forbes.com/sites/kellyp...
Bisignano To Do Double-Duty As Social Security Commissioner And New IRS ‘CEO’
Secretary of the Treasury and Acting IRS Commissioner Scott Bessent announced that Social Security Commissioner Frank Bisignano will serve as new IRS "CEO."
www.forbes.com
October 6, 2025 at 9:37 PM
Reposted by Phyllis Jo Kubey
taxtweet.bsky.social
The IRS has a new position, CEO. And the SSA commissioner has another job. Frank Bisignano will now effectively run both of the agencies that have the most personal contact with, and impact on, Americans’ lives. substack.com/home/post/p-...
SSA chief Bisignano named new IRS CEO
Treasury Sec. Scott Bessent today lessened his acting-IRS Commissioner load by naming Frank Bisignano, Social Security's commissioner, to the newly created IRS CEO post. Bisignano will do both jobs.
substack.com
October 6, 2025 at 7:05 PM
pkubeyea.bsky.social
This is a spectacular work with an amazing cast. Highly recommend!
npr.org NPR @npr.org · Sep 25
Chess Jakobs' new play "The American Five" tells the story of how Martin Luther King Jr. and his closest allies planned the March on Washington. NPR speaks with Jakobs and Ro Boddie, who plays King.
A new play explores the story behind the March on Washington
Chess Jakobs' new play "The American Five" tells the story of how Martin Luther King Jr. and his closest allies planned the March on Washington. NPR speaks with Jakobs and Ro Boddie, who plays King.
n.pr
October 4, 2025 at 11:08 PM
pkubeyea.bsky.social
@tarasiegelbernard.bsky.social with a chilling article about investment fraud. I share it as a gift article, so it should be outside the paywall. www.nytimes.com/2025/10/03/y...
Her Stocks Were Quietly Stolen From Her I.R.A.
www.nytimes.com
October 4, 2025 at 1:05 AM
Reposted by Phyllis Jo Kubey
taxgirl.bsky.social
Happy National Coffee Day!
The cost of coffee is on the rise, thanks to tariffs. Congress has introduced a bill to scrap the tax—a move that could be popular as more Americans reach for a cup.
www.forbes.com/sites/kellyp...
As Tariffs Send Coffee Prices Soaring, Some In Congress Are Brewing Up A Solution
The cost of coffee is on the rise, thanks to tariffs. Congress has introduced a bill to scrap the tax—a move that could be popular as more Americans reach for a cup.
www.forbes.com
September 29, 2025 at 2:32 PM
pkubeyea.bsky.social
@taxgirl.bsky.social with an update on the new #tax provisions for tipped workers. Proposed regulations timeline and a link to comment.
September 19, 2025 at 1:13 PM
pkubeyea.bsky.social
Keeping an eye on #IRS draft tax forms. Thank you, @taxgirl.bsky.social
taxgirl.bsky.social taxgirl @taxgirl.bsky.social · Sep 12
The IRS has released a draft of the new Schedule 1-A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.
Here’s a first look, including some examples and calculations.

www.forbes.com/sites/kellyp...
A First Look At The New Tax Form For Claiming Deductions For Tips, Overtime, Car Interest And Seniors
The IRS has released a draft of the new Schedule 1-A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.
www.forbes.com
September 13, 2025 at 12:32 AM
pkubeyea.bsky.social
Note that we won’t (reportedly) have these reporting opportunities for 2025.
taxgirl.bsky.social taxgirl @taxgirl.bsky.social · Aug 29
The IRS has released drafts of some 2026 tax forms, including a draft of Form W-2. The changes are intended to address tax reporting updates, particularly for tipped and overtime workers. Here’s what you need to know.

www.forbes.com/sites/kellyp...
A First Look At Form W-2, Updated For Tips, Overtime, And Trump Account Provisions
The IRS has released drafts of some 2026 tax forms, including a draft of Form W-2. The changes are intended to address tax reporting updates, particularly for tipped and overtime workers.
www.forbes.com
August 29, 2025 at 7:30 PM
Reposted by Phyllis Jo Kubey
taxgirl.bsky.social
Tax professionals aren’t always preparers—sometimes, they are focused on tax policy work. @zorkamilin.bsky.social is a tax attorney for the FACT Coalition—she’s the next tax pro in our Getting To Know You series for @forbes.com.

www.forbes.com/sites/kellyp...
Getting To Know You Tuesday: Zorka Milin
Tax professionals aren’t always preparers—sometimes, they are focused on tax policy work. Zorka Milin is a tax attorney for the FACT Coalition.
www.forbes.com
August 21, 2025 at 1:04 PM
pkubeyea.bsky.social
Put this on your #tax to do list!
August 21, 2025 at 5:25 PM
Reposted by Phyllis Jo Kubey
taxtweet.bsky.social
Government economic figures get lots of attention, especially from older Americans who rely on data that determines annual adjustments to Social Security benefits. A new bill would change the consumer price index used for those revisions.
www.dontmesswithtaxes.com/2025/08/prop...
Proposed new Social Security COLA CPI, wage base cap phaseout
Two Hawaiian members of Congress have introduced a bill they say will shore up Social Security’s finances and help ensure recipients of the federal benefits can keep enjoying their birthdays. (Photo b...
www.dontmesswithtaxes.com
August 13, 2025 at 1:08 AM
pkubeyea.bsky.social
What’s new in #tax news!
August 12, 2025 at 4:43 PM
Reposted by Phyllis Jo Kubey
taxtweet.bsky.social
Bipartisan bill would offer abused spouses tax-filing options and protection bit.ly/4lrcCgp
Bipartisan bill would offer abused spouses tax-filing options and protection
Getty Images for Unsplash+ Most married taxpayers file joint returns. Not only is it typically easier (just one Form 1040 to mess with), joint filing usually produces the best tax result for the pair....
bit.ly
August 12, 2025 at 12:32 AM
pkubeyea.bsky.social
Many a client has been tripped up by the wash sale rules. Read all about it here. Thank you, @taxgirl.bsky.social
taxgirl.bsky.social taxgirl @taxgirl.bsky.social · Aug 11
Heavy traders may assume they’ll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule. Here’s a primer to keep you safe.

www.forbes.com/sites/kellyp...
As Meme Stocks Make A Comeback, Beware This Tax Trap
Heavy traders may assume they'll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule.
www.forbes.com
August 11, 2025 at 2:24 PM