Jeffrey J Quatrone EA

07/22/2026

Received an IRS CP53E notice? Learn why taxpayers who choose paper refund checks may wait more than two months and what you can do to avoid delays.

07/21/2026

Family members funding a child's Trump account? New IRS guidance explains when contributions qualify for the annual gift tax exclusion and when a gift tax return may still be be required.

IRS guidance clarifies when Trump account contributions qualify for the gift tax annual exclusion and when a gift tax return may still be required.

07/20/2026

Reasonable compensation should evolve as your business grows. Learn why S corporation owners should review salary, distributions, and tax planning regularly.

07/20/2026

Retired disabled first responder? A new federal law may make certain disability pensions tax-free beginning in 2027. Watch this video to learn what it could mean for you.

07/18/2026

A win for taxpayers is a win for my clients! 📣 The IRS just announced a major change: they are launching a new Automatic Exemption from Penalty (AEP) program. I’ll admit, securing First-Time Abatements used to be an easy revenue stream for my firm. While this new automation eliminates that specific service from what I offer as an Enrolled Agent, I couldn't be happier for everyday taxpayers who get to keep more of their hard-earned money without the extra paperwork.That said, the IRS is still as complicated as ever. If you are dealing with other IRS collection problems, liens, or unfiled back taxes, don't face them alone. Contact me today for expert help!Read the full IRS update here:

IR-2026-83, July 8, 2026 — The Internal Revenue Service today announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance.

07/16/2026

Learn how the IRS 10-year collection statute works, what can extend it, and why waiting out tax debt is often riskier than it sounds

Learn how the IRS 10-year collection statute works, what can extend it, and why waiting out tax debt is often riskier than it sounds.

07/16/2026

Choosing between an S corporation and C corporation involves more than tax rates. Learn the key factors that can impact growth and profits.

07/14/2026

The IRS has announced that it will begin automatically forgiving certain penalties for taxpayers who have not had a similar penalty in the past three years, rather than requiring them or their tax preparer to request relief for them.

The IRS will automatically waive certain penalties for eligible taxpayers with a strong compliance history. Learn who qualifies.

07/13/2026

Learn how the 180-day rule may allow certain 2026 capital gains to be deferred through a Qualified Opportunity Fund investment.

07/10/2026

A mid-year tax review helps business owners improve cash flow, reduce surprises, and make smarter decisions before year-end.