Shelton & Associates, CPA, PLLC

07/18/2026

The IRS has turned to the American Institute of CPAs (AICPA) for help identifying taxpayers who may have received IRS Notice CP53E in error. CP53E asks taxpayers to provide or update their bank account information for direct deposit of a tax refund. Millions of taxpayers received these mailed notices, causing confusion about refund processing and bank account information. The notices also raised concerns about potential fraud. The IRS is specifically seeking examples of taxpayers who received the notice despite already providing accurate bank information or who weren’t due a refund or an account adjustment. If you received a CP53E but believe it was sent in error, contact us.

07/18/2026

07/17/2026

Uploading receipts as you get them beats hunting for them later. 😄
Small habit. Big payoff.

07/10/2026

Do you operate a side gig in addition to your regular job? The way the IRS classifies that activity can have a significant impact on your taxes.

If the IRS treats the activity as a hobby, you’re required to report the income but can’t deduct most related expenses. If it’s treated as a business, you can generally deduct ordinary and necessary expenses — even if that results in a net tax loss. The IRS considers several factors when evaluating profit motive, including how you operate the activity, the time you invest, and your history of profits and losses.

If your side business isn’t yet profitable, contact us to discuss your situation. We can suggest strategies to help strengthen your position.