Peters Bandura CPAs

10/28/2026

Got a year-end pitch promising $4.50 in deductions for every $1 you invest? 🚩 The Tax Court just ruled against two conservation easement deals. In one, Georgia land bought for $325,000 was claimed to be worth $8.37 million, and the court upheld a 40% penalty. Get a second opinion before you sign. Questions? Call Peters Bandura, LLC at (205) 547-0762.
https://petersbandura.com/2026/10/22/syndicated-conservation-easement-tax-court-year-end-warning/

10/26/2026

Year-end giving season is here! 🎁 Does your nonprofit's receipt say everything it should? Gifts of $250 or more need a written acknowledgment, and gala tickets over $75 need a disclosure of the deductible amount. Plus, starting in 2026, donors who don't itemize can deduct up to $1,000 of cash gifts ($2,000 for joint filers). Read our quick guide: https://petersbandura.com/2026/10/22/donor-receipt-rules-year-end-giving-2026/ Questions? Call Peters Bandura, LLC at (205) 547-0762.

10/23/2026

Open enrollment is here! 🩺 The 2027 HSA limits are $4,500 for self-only coverage and $9,000 for family coverage, plus a $1,000 catch-up if you're 55 or older. And starting in 2026, bronze and catastrophic plans bought through the Exchange count as HSA-compatible. Check our quick checklist before you pick a plan. Questions? Call Peters Bandura, LLC at (205) 547-0762.

Open enrollment is when you pick the health plan you'll live with next year, and for many families and business owners it's also when you decide whether a Healt

10/20/2026

Calendar-year nonprofits on a Form 8868 extension: your 2025 Form 990 is due Monday, Nov. 16, 2026. The six-month extension ends Nov. 15, which is a Sunday this year, so the deadline moves to the next business day.

There is no second extension, and the return must be e-filed. Our new post covers the late-filing penalties, the records to gather now, and what to do if your group files the 990-N e-Postcard.

Read it here: https://petersbandura.com/2026/10/20/form-990-extended-deadline-november-16-2026/

Did your calendar-year nonprofit file Form 8868 in May? Then your Form 990 extended deadline is almost here. The six-month extension runs to November 15, 2026.

10/19/2026

The Tax Court just upheld a 75% civil fraud penalty against an IRS revenue agent who was also a CPA and an attorney. His expertise didn't protect him. The Court treated it as proof he knew better.

Our breakdown of Janangelo v. Commissioner covers a paper Schedule C, personal costs claimed as business expenses, and records that didn't hold up, plus what it means if you claim business expenses.

Not sure a deduction will hold up? Ask before you file. Read more at www.petersbandura.com/blog

Knowing the tax rules can cut both ways. In a Tax Court summary opinion issued August 27, 2026, an IRS revenue agent who was also a CPA and a licensed attorney

10/16/2026

Hurricane Isaias Florida tax relief is now in place. The storm began on October 9, 2026, and the IRS has announced relief for people and businesses in 27 Florida counties covered by the FEMA declaration (3655-EM). Many federal filing and payment deadlines now move to February 8, 2027.
Most of the relief is automatic. One date is close, though. If you run payroll, read the section on October 26, 2026 first.
Business owners: the October 26 deposit deadline
The IRS says penalties on payroll and excise tax deposits due October 9 through October 25, 2026 will be abated as long as the deposits are made by October 26, 2026.
This is the short one. The February postponement does not cover these deposits. If you missed a deposit after the storm, make it by October 26.
Hurricane Isaias Florida tax relief: deadlines move to February 8, 2027
The IRS announced the relief in release FL-2026-07 on October 14, 2026.

10/16/2026

Hurricane Isaias tax relief is here for 27 Florida counties, including Escambia, Santa Rosa, Okaloosa, Bay and Leon.

The IRS moved many federal filing and payment deadlines to Feb. 8, 2027. The relief is automatic if you live or have your business in a covered county.

Business owners: payroll and excise deposits due Oct. 9-25 need to be made by Oct. 26, 2026 to have penalties abated by the IRS.

What moved, what didn't, and the full county list: https://petersbandura.com/2026/10/16/hurricane-isaias-florida-tax-relief/

10/16/2026

Hurricane Isaias tax relief is here for Baldwin, Mobile and 38 other Alabama counties.

The IRS moved many federal filing and payment deadlines to Feb. 4, 2027. Alabama also gave an automatic state individual income tax filing extension for the 40 declared counties.

Business owners: payroll and excise deposits due Oct. 7-21 need to be made by Oct. 22, 2026 to have penalties abated by the IRS.

What moved, what didn't, and the full county list: https://petersbandura.com/2026/10/16/hurricane-isaias-tax-relief-alabama-baldwin-mobile/

Hurricane Isaias tax relief is now in place for Alabama taxpayers. The storm hit on October 7, 2026, and the IRS and the Alabama Department of Revenue (ALDOR) h

10/15/2026

Two taxes, not one. 👀
While you work, 6.2% comes out for Social Security on your first $184,500 of 2026 wages. Later, up to 85% of your benefits can face federal income tax once combined income clears $25,000 (single) / $32,000 (joint).
Good news for Alabamians: the state doesn't tax the benefits at all.
We broke down what's actually taxed — and why the "no tax on Social Security" headlines got it wrong.

Two different taxes get mixed up in almost every retirement meeting we have. One is the payroll tax that builds your earnings record while you work. The other i

10/13/2026

Starting in 2027, Alabama residents can claim a new federal tax credit of up to $1,700 ($3,400 joint) for cash gifts to approved Scholarship Granting Organizations. Governor Ivey opted the state in via Executive Order 742. We break down who qualifies and how it works with existing Alabama programs. www.petersbandura.com/blog

A new federal tax credit starts for contributions made in 2027. It is called the Education Freedom Tax Credit (also known as the Federal Scholarship Tax Credit