Marino Tax Solutions

Marino Tax Solutions A family-owned boutique firm providing trusted accounting solutions for small businesses and proven tax resolution services for taxpayers nationwide!

πŸš— Car Loan Interest Deduction: New Guidelines Proposed πŸš—The Treasury Department and IRS have released proposed regulatio...
01/15/2026

πŸš— Car Loan Interest Deduction: New Guidelines Proposed πŸš—

The Treasury Department and IRS have released proposed regulations outlining how taxpayers may deduct interest paid on qualifying car loans used to purchase a new, made-in-America passenger vehicle for personal use.

πŸ“Œ Key Highlights:
βœ… Deduction applies to new vehicles only
βœ… Must be made in the U.S.
βœ… Available for tax years after Dec. 31, 2024 through Dec. 31, 2028
βœ… Can be claimed whether you itemize or take the standard deduction
πŸ“„ While the deduction itself is already law, these proposed rules clarify how it will be applied once finalized.

πŸ’‘ This could be a meaningful tax benefit for eligible car buyers over the next several years.

πŸ“© Need help? We're a family-owned boutique firm providing trusted accounting solutions for small businesses and proven tax resolution services for taxpayers nationwide!

πŸ“ž Call (888) 252-9971 for a risk-free consultation!

πŸ“’ New IRS Accountability Bill Passed by the House πŸ“’The House of Representatives has passed the Fair and Accountable IRS ...
12/14/2025

πŸ“’ New IRS Accountability Bill Passed by the House πŸ“’

The House of Representatives has passed the Fair and Accountable IRS Reviews Act, a bill designed to protect taxpayers from improper IRS penalties.
What does this mean for you?

βœ” IRS agents must get written supervisory approval before proposing penalties
βœ” Fewer surprise or pressure driven penalties
βœ” Stronger protections during audits and collections

If this bill becomes law, taxpayers may have more leverage when challenging IRS penalties and resolving back tax issues.

If you’ve received IRS penalty notices or feel overwhelmed by tax debt, understanding your rights is critical. Small procedural errors can make a big difference in your case.

πŸ“© Need help? We're a family-owned boutique firm providing trusted accounting solutions for small businesses and proven tax resolution services for taxpayers nationwide!

πŸ“ž Call (888) 252-9971 for a risk-free consultation!

πŸ‘‰ Read our latest blog post: "House Passes Fair and Accountable IRS Reviews Act" - Link in Bio!

πŸ“’IRS Resumes Normal OperationsπŸ“’As of Nov. 19, 2025, the IRS is officially back to normal following the end of the govern...
12/04/2025

πŸ“’IRS Resumes Normal OperationsπŸ“’
As of Nov. 19, 2025, the IRS is officially back to normal following the end of the government shutdown.
πŸ“ž Taxpayer Assistance:
If your appointment at a Taxpayer Assistance Center was canceled, you can now reschedule:
β€’ Use the SMART Scheduler (if eligible and notified by email/text)
β€’ Or call directly to book a new appointment
πŸ“„ IRS Services Now Active Again:
βœ… Processing of tax returns & forms
βœ… Audits, collections, liens, levies & deficiency notices
βœ… Passport and private debt collection programs
βœ… Appeals and determinations for tax-exempt entities, retirement plans, and nonprofit status
βœ… Credit payments on qualified bonds
πŸ’¬ Taxpayer Advocate Service (TAS) offices are also open, but expect delays as they work through
πŸ“© Need help? We're a family-owned boutique firm providing trusted accounting solutions for small businesses and proven tax resolution services for taxpayers nationwide!

πŸ“ž Call (888) 252-9971 for a risk-free consultation!

πŸ¦ƒ Happy Thanksgiving from Marino Tax Solutions! 🍁This year, we're incredibly thankful for our amazing clients and commun...
11/27/2025

πŸ¦ƒ Happy Thanksgiving from Marino Tax Solutions! 🍁

This year, we're incredibly thankful for our amazing clients and community. Your trust inspires us every day to provide the best in tax resolution services.

Wishing you and your loved ones a day filled with warmth, joy, and delicious food!

🚨 Student Loan Forgiveness May Become Taxable in 2026 🚨Most borrowers think forgiveness means the debt simply disappears...
11/24/2025

🚨 Student Loan Forgiveness May Become Taxable in 2026 🚨

Most borrowers think forgiveness means the debt simply disappears. The truth is changing fast.

Right now, many student loan discharges are tax free, but that ends December 31, 2025. Starting in 2026, any balance forgiven under an income driven repayment plan will count as taxable income unless new relief is approved.

That means borrowers could face thousands in unexpected taxes.

There is hope. Lawmakers have urged the IRS and Treasury to consider relief using existing exclusions like insolvency. But nothing is guaranteed yet.

πŸ‘‰ If you’re expecting forgiveness soon, now is the time to prepare.
πŸ‘‰ Review your financial picture.
πŸ‘‰ Learn whether you may qualify for the insolvency exclusion.
πŸ‘‰ Get ahead of any possible tax bill.

πŸ“© Need help? We're a family-owned boutique firm providing trusted accounting solutions for small businesses and proven tax resolution services for taxpayers nationwide!

πŸ“ž Call (888) 252-9971 for a risk-free consultation!

πŸ‘‰ Read our latest blog post: "Will Student Loan Discharge Be Taxed in 2026? What Every Borrower Needs to Know" - Link in Bio!

πŸ‡ΊπŸ‡Έ Government Shutdown Ends β€” What You Need to KnowPresident Trump has signed the Continuing Appropriations, Agriculture...
11/14/2025

πŸ‡ΊπŸ‡Έ Government Shutdown Ends β€” What You Need to Know

President Trump has signed the Continuing Appropriations, Agriculture, Legislative Branch, Military Construction, and Veterans Affairs, and Extensions Act, 2026, officially ending the government shutdown.

πŸ—“οΈ Here’s what’s included:
βœ… Funding extended through Jan. 30, 2026 for most federal agencies.
βœ… Full-year funding for the Department of Agriculture, FDA, military construction & family housing, and the Department of Veterans Affairs.
βœ… Reversal of reductions in force from the shutdown, with no further cuts allowed until Jan. 30, 2026.

🚫 What’s not included:
The bill does not extend COVID-era premium tax credit enhancements, which are still set to expire at the end of 2025.

πŸ’Ό Good news for taxpayers:
The IRS is restoring staffing levels, meaning more employees are returning to work to process returns and assist the public.

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33301

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