MICHAEL R. MARCUS, CPA

04/07/2026

The IRS announced that Employees of the Department of Homeland Security will have until May 15 to file their federal income taxes with the IRS, one month later than the deadline given to most U.S. taxpayers, due to the ongoing DHS shutdown.

The 30-day extension includes penalty and interest relief.

03/29/2026

03/29/2026

My employees already want a break.

01/14/2026

The IRS will begin accepting 2025 individual tax returns on January 26th. Wishing everyone "Happy Returns"
MICHAEL R. MARCUS, CPA M.S. TAXATION, Email [email protected] .com, www.marcuscpa.biz, (201) 803-5257

This website exists to provide clients and potential clients with information concerning my unique, low-pressure approach to personal and professional services.

01/09/2026

IRS announced it will start processing 2025 individual tax returns on January 26th.

01/07/2026

I'm attending the 2026 IRS Criminal Tax update and problem solvers day. Getting ready for the start of tax season.

01/05/2026

The IRS has released the 2026 standard mileage rates. The rates are as follows;
Business Rate Per Mile 72.50 cents
Medical Rate Per Mile 20.50 cents
Charitable Rate Per mile 14.00 cents

The new rates became effective January 1, 2026

12/14/2025

Wishing everyone a happy holiday season

11/13/2025

Today the IRS announced the new 401(K) contribution limits for 2026. The new employee deferral limit is $24,500, up from $23,500 in 2025. The catch-up contribution limit for taxpayers over 50 increases to $8,000 from $7,500 in 2025.

10/09/2025

IRS Furloughs Nearly 35,000 Employees, Says Most Operations Closed

The IRS said Wednesday that due to a lapse in appropriations, most agency operations have been paused until lawmakers reach a deal to end the federal government shutdown, while an updated IRS contingency plan shows that approximately 35,000 employees not identified as exempt have been furloughed.

In the latest fiscal year 2026 lapsed appropriation contingency plan for the IRS, posted early Wednesday afternoon, the Treasury Department indicated that 39,870 workers, or 53.6% of the total employee population of 74,299, are designated “exempt” and are expected to continue working with pay during the shutdown.

The remaining 34,429 IRS employees have been furloughed until the shutdown ends.

Send a message to learn more