Rusty L. Williams, CPA, LLC

07/15/2026

The midyear change follows an increase in gasoline prices, according to the IRS. It is the first such midyear adjustment since 2022.

07/15/2026

Many people earn extra money from hobbies. But when does a hobby become a business? Learn what the says to consider when determining whether an activity is a hobby or business for tax purposes: https://ow.ly/H69C50Z7lWT

And happy hunting to those headed to the Brimfield Antique Show in Massachusetts!

Brimfield Antique Flea Markets Guide

07/12/2026

The person deposited the amount of $37,800 into an unknown PNC Bank Account.

07/10/2026

Under a new program approved Thursday, students at Slippery Rock, PennWest and IUP who meet certain income qualifications soon won’t have to worry about tuition bills.

The three schools, along with Pennsylvania’s seven other state-owned universities, have pledged to waive remaining tuition costs for Pennsylvania residents who qualify for need-based federal and state grants, the state university system announced Thursday.

Head to the link in the comments to read more about how the program will benefit hundreds of students who are in the “doughnut hole.” ⬇️

07/08/2026

Under the new system, eligible taxpayers will no longer have to request penalty relief that the IRS says is routinely granted.

07/08/2026

07/08/2026

Taxpayer advocates want the IRS rollout of automatic penalty relief for Americans who fail to file taxes to start retroactively at the beginning of this year—not early this month like the agency has planned. Read more at the link in our comments.

07/08/2026

The IRS has created an online option for taxpayers who want to claim the pandemic-era disaster relief refunds—an issue that’s still playing out in court. Read more at the link in our comments.

07/06/2026

Certain taxpayers with IRS online accounts can file a Kwong-related refund claim on Form 843 through a new secure application before a Friday deadline.

06/26/2026

Do you earn income from something you enjoy doing? Whether it’s selling handmade items, photography, consulting, coaching or another activity, it may be important to understand whether it’s considered a hobby or a business for tax purposes.

The shares factors taxpayers should consider when deciding the difference. Learn more: https://ow.ly/H69C50Z7lWT