Suheyla Ciftci, CPA, Inc., A Professional Accountancy Corporation

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Suheyla Ciftci, CPA, Inc., A Professional Accountancy Corporation SUHEYLA CIFTCI, CPA, Inc. A Professional Accountancy Corporation

A CPA firm located in California, USA.

A CPA Firm - Public Accounting:
New Business Start-up, Accounting, Income Tax Returns, Sales Tax Return, Payroll, Payroll Tax Returns, Accounting System Establishment, Budgeting, Forecasting, Business/Tax Consulting, Seller's Permit & Business License Company Founder: Dr. Suheyla Ciftci, CPA

Dr. Suheyla Ciftci's Professional Background:

Professional Licenses:
- Certified Public Accountant (CPA), State of California
- Certified Public Accountant (CPA), State of Arizona

Practiced public accounting in Arizona and California, USA. Professional experience in accounting, financial management, company formation formalities, financial analysis, financial reporting, financial and tax consulting, budgeting (operational, financial and project budgets), forecasting, cost analysis, individual income taxes, business income taxes (profit entities), payroll, sales taxes, establishment of financial and administrative systems, procedures and policies, internal control system establishment, inventory system management, purchasing system management, treasury and cash flow management, inter-company accounts management, month-end and year-end closing formalities, fixed asset management and business advisory services (in Turkey & USA). Worked in private sector in financial management and non-management positions, such as Accountant, Senior Accountant, Chief Accountant, Financial Reporting Specialist, Assistant Financial Controller, Financial Controller and Director of Financial Affairs (in Turkey & USA).

10/02/2026

THE TRUMP ADMINISTRATION ADVANCES THE ESTABLISHMENT OF AMERICA’S FIRST NATIONWIDE SCHOOL CHOICE PROGRAM

Treasury and IRS Issue Proposed Regulations to Implement the Education Freedom Tax Credit

IR-2026-117, Oct. 1, 2026

The U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations to implement the new Federal Scholarship Tax Credit under section 25F, commonly known as the Education Freedom Tax Credit, the first federal tax credit supporting private contributions for K-12 scholarships. Under the proposed regulations, eligible taxpayers may claim an annual credit of up to $1,700 for qualifying contributions, or up to $3,400 for married couples filing jointly. Treasury and the IRS also issued companion temporary regulations to establish key procedures for states and Scholarship Granting Organizations to prepare for the launch of the tax credit on Jan. 1, 2027.

The proposed regulations advance the Administration’s priorities of expanding educational freedom, restoring parental rights, returning power to the states, and putting American students first.

“Under President Trump, this Administration continues to transform America’s education system to meet the needs of each student,” said U.S. Secretary of the Treasury Scott Bessent. “The Education Freedom Tax Credit marks a new chapter in educational freedom and opportunity by establishing America’s first nationwide school choice program and empowering states to give students and families more options. Thirty states have already opted in, and we encourage all 50 states to participate so every American student and family can benefit.”

“Education freedom is the key to unlocking opportunity and success for our next generation of students,” said U.S. Secretary of Education Linda McMahon. “The Education Freedom Tax Credit, the largest expansion of school choice in history, will supercharge those opportunities for millions of children. I am profoundly grateful to President Trump and our partners at Treasury for ensuring that every child has access to the education they need, not one limited by ZIP code, family income, or government‑imposed barriers.”

“The IRS is committed to helping American families by implementing this important new law that gives them freedom of choice when deciding how to educate their children,” said IRS Chief Executive Officer Frank J. Bisignano. “To further that goal, these rules provide states, scholarship-granting organizations, and taxpayers with the clarity they need to prepare for this new education tax credit.”

The education freedom tax credit:

Beginning in 2027, the Education Freedom Tax Credit will expand educational opportunity by encouraging private contributions to participating Scholarship Granting Organizations (SGOs). Individual taxpayers may claim a nonrefundable federal income tax credit of up to $1,700 for qualified cash contributions to eligible SGOs and married taxpayers filing jointly may claim a combined credit of up to $3,400, which will use those funds to provide scholarships to eligible elementary and secondary school students. Participating states may opt in to the program and identify eligible SGOs. Taxpayers may contribute to an eligible SGO regardless of their state of residence, allowing them to support qualifying scholarship organizations across participating states.

The credit is designed to support scholarships for K–12 education expenses, helping families access educational options that meet their children’s needs. Scholarships may support a broad range of qualified elementary and secondary education expenses, including private-school tuition, academic tutoring, special-needs services, books, supplies, computers and other equipment, and other qualifying expenses connected with a student’s enrollment or attendance.

By 2030, Treasury and the IRS estimate that the program could support 600 to 700 SGOs, with more than 11 million taxpayers making nearly $26 billion in qualified contributions annually and funding as many as 2.2 million scholarships each year.

Proposed regulations:

The proposed regulations provide detailed rules intended to make the new credit accessible to families and administrable for taxpayers, states, and SGOs while protecting scholarship funds from fraud and abuse.

The regulatory package addresses:
Increasing Access for Students: The proposed regulations provide rules for applying the statutory household-income limitation and would generally disregard non-cash items, such as imputed return on home equity. They also provide streamlined eligibility verification rules for certain families participating in needs-based programs, foster children, and certain students receiving tutoring or special-needs services in low-income areas. Treasury and IRS estimate that, under the proposed rules and safe harbors, approximately 96% of children in participating states would be eligible to receive section 25F scholarship funds.
Expanding Educational Choice: The proposed regulations provide that participating states would not be permitted to impose SGO operating requirements that are more restrictive than those established by section 25F, including restrictions based on the type of school scholarship recipients may attend or the types of qualified education expenses scholarships may fund. The proposed regulations also would not permit a State to use discretionary certification standards to exclude otherwise qualifying SGOs.
Expanding Opportunities for Scholarship Organizations and Families: The proposed rules provide a framework for multistate SGOs, including an operational requirement safe harbor for qualifying organizations whose activities are at least 85% scholarship-granting activities. Treasury and IRS estimate that this safe harbor could enable approximately 450 additional organizations to participate and increase qualified contributions by up to $3 billion annually.
Ensuring Taxpayers Can Access the Maximum Credit Allowed by Law: The proposed regulations provide a taxpayer-favorable ordering rule for individuals who may qualify for both state tax credits and the new federal credit. They also provide rules for carrying unused section 25F credits forward for up to five years and generally permit taxpayers to rely on an organization’s inclusion on the IRS SGO list when making a contribution.
Protecting Taxpayers and Scholarship Funds: The proposed and temporary regulations establish reporting, verification, and audit requirements designed to prevent duplication, improper payments, and other fraud or abuse. They provide for IRS portals for participating states and SGOs, unique donor numbers that avoid requiring SGOs to collect donors’ Social Security numbers, annual SGO reporting and audits, and procedures for removing organizations that fail to satisfy applicable requirements.

Companion temporary regulations:

including procedures for state elections and certification of SGOs, electronic registration, donor acknowledgements, and reporting of qualified contributions. These procedures are intended to give taxpayers certainty that contributions are being made to qualifying organizations and to give states and SGOs sufficient time to establish the systems necessary for the incentive’s launch. Taxpayers, states, and SGOs may rely on the proposed regulations for qualified contributions beginning Jan. 1, 2027.

Treasury and IRS previously sought public input on implementation of section 25F and previewed the forthcoming regulations in June. The proposed regulations reflect stakeholder feedback received during that process on issues including student eligibility, SGO operations, state administration, reporting, and program integrity.

Section 25F was enacted in 2025 and applies to taxable years ending after Dec. 31, 2026. The credit is available for qualifying cash contributions to SGOs in states that voluntarily elect to participate. An SGO generally must be a section 501(c)(3) public charity, maintain qualified contributions separately, satisfy statutory scholarship and operational requirements, and be included on the applicable state’s SGO list.

For more information on the Education Freedom Tax Credit, see Treasury’s Fact Sheet: President Trump Delivers Affordable School Choice Options Through Education Freedom Tax Credit on the credit.

For information about participating states, visit Federal Scholarship Tax Credit on IRS.gov.

Source: IRS

10/02/2026

IRS REMINDER: CYBERSECURITY AWARENESS MONTH OFFERS SIMPLE STEPS TO PROTECT TAX DATA

Issue Number: IR-2026-119 Oct. 2, 2026

Simple cybersecurity habits can help taxpayers and organizations stay safer online.

The Internal Revenue Service encouraged taxpayers to take simple steps to strengthen online security during Cybersecurity Awareness Month.

Cybersecurity Awareness Month highlights the role everyone can play in protecting personal, financial and tax information from identity thieves and scammers. For taxpayers, tax professionals and organizations across the tax community, that starts with everyday actions that help strengthen online security.

“Criminals continue to look for new ways to steal taxpayer information and exploit trusted partnerships,” said IRS Chief Executive Officer Frank J. Bisignano. “Taxpayers and tax professionals can help protect sensitive information and strengthen the security of the tax system by making cybersecurity practices part of their routine year-round.”

The IRS joins the Cybersecurity and Infrastructure Security Agency and Security Summit partners in encouraging taxpayers to make cybersecurity part of their daily routine. The Cybersecurity and Infrastructure Security Agency (CISA) offers cybersecurity resources that individuals, families, businesses and organizations can use to strengthen their online security.

Take simple steps to strengthen cybersecurity:

The IRS encourages taxpayers and tax professionals, businesses and other organizations to take these steps:
Use strong, unique passwords. Use different passwords for important accounts and consider using a password manager.
Turn on multifactor authentication if available, to add an extra layer of protection to online accounts.
Update software and devices. Install updates on computers, phones, tablets, apps, browsers and security software. Turn on automatic updates when possible.
Recognize and report scams. Be cautious of unexpected emails, text messages, social media messages, phone calls or letters that request personal or financial information or pressure taxpayers to act immediately.
Protect tax records. Store digital tax records securely, encrypt sensitive files and back up important information.
Use secure networks. Avoid using public Wi-Fi to access financial accounts, tax records or IRS online services.

Watch for tax scams:

Scammers continue to use U.S. mail, emails, text messages, social media and phone calls to impersonate the IRS and other trusted organizations. These scams may promise a larger refund, claim a taxpayer’s account is locked, demand immediate payment or direct taxpayers to fake websites.

Businesses, payroll professionals and human resources offices should remain alert for phishing, fake invoices, W-2 and payroll-related schemes designed to steal employee information, credentials or money. Requests to change sensitive employee or payment information should be verified through a trusted channel.

Tax professionals, including enrolled agents, payroll professionals, certified public accountants (CPA), attorneys, or other tax return preparers, should watch for phishing emails and other schemes designed to steal sensitive taxpayer data. Scammers may pose as a prospective client or use a compromised email account to persuade tax professionals to open malicious links or attachments.
IRS tools can help

The IRS offers secure online tools and resources that can help protect accounts and tax information:
Get an Identity Protection PIN. An Identity Protection PIN is a six-digit number that helps prevent someone else from filing a federal tax return using a taxpayer’s Social Security number or individual taxpayer identification number.
Online Account for Individuals. Taxpayers can securely access personal tax information, view notices, make payments and manage other tax tasks.
Business Tax Account. Businesses can securely access available tax information and manage certain tax responsibilities online.
Tax Pro Account. Tax professionals can securely manage active client authorizations and submit authorization requests online.
Written Information Security Plan. Federal law requires tax and accounting professionals to create and maintain a WISP to protect client information.

How to know it’s the IRS:

The IRS normally contacts taxpayers the first time by mail. The IRS sends emails or text messages only when taxpayers opt in and never sends direct messages through social media. The IRS or private collection agencies may call about account matters, but the IRS will never call to demand immediate payment, threaten arrest or tell taxpayers they are due a refund.

Taxpayers should not click links, open attachments or respond to unexpected messages claiming to be from the IRS.
Report scams and suspicious contacts

Taxpayers who receive suspicious tax-related U.S. mail, emails, text messages, or social media messages should visit IRS.gov/SubmitATip to find the appropriate way to report the issue. Taxpayers can also report suspected tax fraud, scams, identity theft, or other tax-related wrongdoing.

Tax professionals who experience a data breach should report it as soon as possible to their stakeholder liaison.
More information

For more information, taxpayers can visit Identity Theft Central, Tax Scams, and CISA's Cybersecurity Awareness Month resources.

Source: IRS

09/29/2026

NEW IRS APP GIVES TAXPAYERS A NEW WAY TO ACCESS SERVICES

Taxpayers now have a new way to securely access IRS tools and account services through their mobile devices. The new IRS app has replaced the former IRS2Go app. There are several features and self-service options available to help taxpayers access their tax information with ease.

Key app features for taxpayers:

Taxpayers can securely sign in to the app to access available account information and self-service options, including:
Check refund and amended-return status
View available balance information
Make payments and review payment activity
View select notices and letters
Access available tax records and transcripts
Manage certain profile and communication preferences
Access an Identity Protection PIN (IP PIN)

How to get the official IRS app:
The IRS app is free and available through the Apple App Store and Google Play.
Current IRS2Go users do not need to download a separate app.
Users with automatic updates enabled will receive the IRS app through the normal update process.
Taxpayers can also visit IRS App on IRS.gov for verified links and additional information.

The IRS app does not replace IRS.gov or IRS online accounts:

The IRS app is an expansion of mobile access to selected IRS Individual Online Account services but doesn’t replace IRS.gov or IRS online accounts. IRS.gov will continue to provide comprehensive tax information, guidance, forms, tools and services.

Beware of fake IRS apps or links:

Taxpayers should use verified IRS links or the official IRS app listings and be cautious of look-alike apps, advertisements and unsolicited messages claiming to provide access to IRS accounts.

The IRS won’t ask taxpayers to provide sensitive personal or financial information through an unsolicited text, email, or pop-up message. Taxpayers who are unsure whether a message or app is legitimate should avoid clicking unsolicited links and use verified resources to locate the official app.

If taxpayers suspect scams or other tax-related wrongdoing, they can submit a confidential tip through the online fraud reporting tool using a smartphone, tablet, or computer at IRS.gov/submitatip.

Source: IRS

09/29/2026

TREASURY, IRS ISSUE PROPOSED REGULATIONS ON INSTALLMENT PAYMENTS FOR TAX ON CERTAIN FARMLAND SALES

IR-2026-115, Sept. 28, 2026

The Department of the Treasury and the Internal Revenue Service issued proposed regulations for taxpayers who sell or exchange qualifying farmland to qualified farmers and elect to pay the tax on the gain in four equal annual installments.

Section 1062 of the Internal Revenue Code allows eligible taxpayers to spread payment of the tax attributable to gain from certain sales or exchanges of farmland over four years. The election applies to qualified sales or exchanges made in taxable years beginning after July 4, 2025.

“Farmers should have practical options when farmland is sold,” said IRS Chief Executive Officer Frank J. Bisignano. “The Working Families Tax Cuts helps keep farmland in agricultural use by allowing eligible sellers to spread their tax payments over four years when qualifying property is sold to active farmers.”

To qualify, the farmland must be real property located in the United States that was generally used by the taxpayer for farming purposes, or leased to a qualified farmer for farming purposes, during substantially all of the 10 years before the sale or exchange. The property must also be subject to a legally enforceable restriction that generally prevents it from being used for anything other than farming for 10 years after the sale or exchange. Additionally, the buyer must be an individual who is actively engaged in farming.

How the installment election would work:

Taxpayers making the election would pay 25% of the applicable tax liability with each of four annual installment payments. The first payment would generally be due on the regular due date of the taxpayer’s federal income tax return, without regard to extensions, for the year of the sale or exchange. Each remaining payment would generally be due on the regular return due date for the following taxable year.

The proposed rules also address sales or exchanges by partnerships, S corporations, trusts and estates. In the case of a sale by a partnership or S corporation, partners and shareholders generally would make their own elections with respect to their share of the gain. Similar rules would apply when gain passes through a trust or estate to a beneficiary.

The proposed regulations also explain how taxpayers may satisfy the prior 10-year farming-use requirement in certain circumstances, including when farmland is temporarily taken out of production under a government program, as part of recognized farming practices or because of events outside the taxpayer’s control.

Request for comments on proposed regulations:

Treasury and the IRS request comments on the proposed regulations. Written or electronic comments must be received by Nov. 30, 2026 in accordance with the instructions in the proposed regulations.

Source: IRS

09/28/2026

CARING FOR A FAMILY MEMBER OR RELATIVE? UNDERSTAND THE SPECIAL TAX RULES

Family members who are paid to take care of a loved one may have tax responsibilities. This depends on whether they are considered an employee or provide their services as their own business.

Let’s go over the special rules of being a family caregiver.

When a caregiver is considered an employee:

A caregiver is someone who performs in-home services for elderly or disabled individuals. Generally, they are considered an employee and the person being cared for is considered the employer. This could make them responsible for employment taxes. However, there are some cases when the employer may not owe employment taxes.

Some examples are when the caregiver is:
Their spouse
Their child under the age of 21
Their parent, unless an exception applies
An employee who is under the age of 18 at any time during the year, unless an exception applies

It’s important to know that even if they don’t owe employment taxes, they are still required to report the caregiver’s compensation on Form W-2. See Table 1, “Do You Need to Pay Employment Taxes” on page 5 of Publication 926, Household Employer's Tax Guide, for more information.

When a caregiver isn’t considered an employee:

Sometimes, caregivers aren’t considered employees, but they are still required to report the compensation as income on their Form 1040 or 1040-SR. They may also be required to pay self-employment tax depending on the facts and circumstances.

Here are some examples of when a family member caregiver typically wouldn’t owe a self-employment tax:
If a family member caregiver is paid by an insurance company to take care of their spouse. The taxpayer would still be required to report the income though.
If a family member caregiver received income from a state agency to care for their grandchildren so their daughter could work. Again, the taxpayer would still be required to report any income.

When self-employment tax may apply:

If the caregiver is engaged in a trade or business providing care services, they would be required to pay self-employment tax. For example:
A caregiver received income from a state agency to care for their grandmother, and they operate a sole proprietorship adult day-care business for multiple clients, including their grandmother, in their home. The taxpayer would owe self-employment tax since the taxpayer is engaged in a trade or business of providing care giving services as a sole proprietor operator of an adult day care. The taxpayer must report the full amount of the payment as income on both Schedule C and Schedule SE.

Source: IRS

09/28/2026

IRS LAUNCHES NEW MOBILE APP, EXPANDING DIGITAL SERVICES FOR TAXPAYERS

IRS2Go becomes IRS app, adding secure mobile access to selected Individual Online Account services

IR-2026-114, Sept. 25, 2026

WASHINGTON — The Internal Revenue Service today announced the launch of the new IRS mobile app, replacing IRS2Go and expanding the agency’s digital services to give taxpayers more ways to securely access IRS tools and account services from their mobile devices.

“The new IRS app puts more services at taxpayers’ fingertips,” said IRS Chief Executive Officer Frank J. Bisignano. “It advances our digital-first agenda to meet taxpayers how and where they choose to interact with the IRS, whether at home or on the go. Our goal is to make IRS services easy to access and more consistent across all of our platforms.”

For more than a decade, IRS2Go has helped taxpayers check refund status and find free filing resources. The new IRS app builds on that foundation by adding a broader set of secure, account-specific features.

Taxpayers can now securely sign in to the official IRS app and access selected account information and self-service options, including:
Check refund and amended-return status
View available balance information
Make payments and review payment activity
View select notices and letters
Access available tax records and transcripts
Manage certain profile and communication preferences
Access an Identity Protection PIN (IP PIN)

This is just the beginning—the IRS will continue expanding the app with new capabilities and services over time.

The IRS app is free and available through the Apple App Store and Google Play. Current IRS2Go users do not need to download a separate app. Users with automatic updates enabled will receive the IRS app through the normal update process. Taxpayers can also visit IRS App on IRS.gov for verified links and additional information.

The IRS app expands secure mobile access to selected IRS Individual Online Account services. It does not replace IRS.gov or the IRS online accounts. IRS.gov continues to provide comprehensive tax information, guidance, forms, tools and services. IRS Individual Online Account, Business Tax Account and Tax Pro Account will continue to be available through IRS.gov, with the IRS app initially extending selected Individual Online Account features only. Telephone and in-person assistance also remain available for taxpayers who need individualized help or whose issues cannot be resolved through self-service.

Taxpayers should use verified IRS links or the official IRS app listings in the Apple App Store and Google Play and be cautious of look-alike apps, advertisements and unsolicited messages claiming to provide access to IRS accounts. The IRS will not ask taxpayers to provide sensitive personal or financial information through an unsolicited text, email, or pop-up message. Taxpayers who are unsure whether a message or app is legitimate should avoid clicking unsolicited links and use verified resources to locate the official app.

Source: IRS

09/28/2026

Do you pay tuition or other education expenses? Learn about tax benefits for higher education.

09/28/2026

Publication 970 explains tax provisions for persons saving for or paying education costs for themselves or family members. It covers various types of educational assistance, tax credits, and nine other types of tax benefits.

09/28/2026

March 16, 2020 — If you’re paying higher education costs for yourself, a spouse or a dependent, you may be eligible to save some money with education tax credits or the Tuition and Fees Deduction.

09/28/2026

The Working Families Tax Cuts has a significant effect on your taxes, credits and deductions.

Address

PO Box 743026
Los Angeles, CA
90004

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+12132585154

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