RL Jennings & Associates, PC CPAs

RL Jennings & Associates, PC CPAs Full service public accounting firm providing accounting and tax services. Full service accounting firm.

05/05/2026

To get the rebate, you will have to have filed both 2024 and 2025 state income tax returns and not owe any money.

01/26/2026

Our Rome and Centre offices are open, checking on the Ellijay office.

01/23/2026

Depreciation changes for 2025:
The OBBBA permanently reinstates 100% bonus depreciation under §168(k) for qualified property acquired and placed in service after Jan. 19, 2025
Qualified property continues to include new or used depreciable property with a recovery period of 20 years or less and certain computer software, water utility property, and qualified improvement property
The OBBBA creates an elective 100% depreciation allowance under §168(n) for Qualified Production Property (QPP), defined as nonresidential real property used as an integral part of a Qualified Production Activity (manufacturing, production, or refining of a qualified product). These buildings are now eligible for 100% bonus depreciation, but only if placed in service before January 1, 2031.

Section 179

Prior to the OBBBA, the inflation-indexed §179 expensing limit for 2025 was $1,250,000, with a phaseout threshold of $3,130,000
The OBBBA increases the statutory maximum amount that a taxpayer may expense under §179 to $2,500,000 and raises the phaseout threshold to $4,000,000. These changes apply to property placed in service in tax years beginning after December 31, 2024.

01/23/2026

List of occupations that receive tips

Treasury Tipped Occupation Code provides a three-digit code and descriptions for the occupations listed within the proposed regulations. The proposed regulations group the occupations into eight categories:

100s – Beverage and Food Service
200s – Entertainment and Events
300s – Hospitality and Guest Services
400s – Home Services
500s – Personal Services
600s – Personal Appearance and Wellness
700s – Recreation and Instruction
800s – Transportation and Delivery

01/21/2026

Postmark Rule
The rule explicitly warns that customer-applied pre-printed labels (e.g., from Self-Service Kiosks, Click-N-Ship, or meters) only show when postage was printed, not when the USPS accepted the item.

This change in USPS processes will have a potentially significant impact on tax filings. IRC §7502 specifically relies upon the postmark date applied to an envelope to determine timely filing if the document is not physically delivered to the IRS office by the due date for such document. Get the post office to stamp the envelope to avoid this.

01/21/2026

MATH Act, signed into law earlier this month requires IRS to be clearer on math adjustment notices sent to taxpayers

01/21/2026

Senior Exemption
$6,000 for those age 65+
Married filing jointly gets $12,000
Is not related to Social Security, you do not have to be drawing social security to qualify.
Married filing separate does not qualify, has income limitations.

01/21/2026

Trump Accounts
IRS Notice 2025-68:https://www.irs.gov/pub/irs-drop/n-25-68.pdf
These accounts cannot be funded until after July 4, 2026
The annual $5,000 contribution limit is a total amount of all contributions (parent plus all other contributions)
Taxpayers can make an early election to participate in the Trump Account program using Form 4547

01/21/2026

Self-Employment and Tips
Sue is a self-employed hair stylist. Her customers pay her $30,000 of tips during the year. Most of her customers pay with a card, and so $20,000 of the tips are on a credit card.

As long as her merchant processor can separately track these tips and report them on Form 1099-K then Sue can claim a tip deduction on her personal tax return for the $20,000 (assuming her merchant processor accurately reflects the tip amount on the 1099-K).

The tips paid in cash would not be deductible as they are not on a reporting form which the IRS requires.

01/09/2026

Many taxpayers who are due refunds jump on filing taxes on this date.

01/08/2026

An IP PIN is a six-digit number that prevents someone else from filing a federal tax return using your Social Security number or Individual Taxpayer Identification Number. It’s a vital tool for ensuring the safety of your personal and financial information.

The IRS will accept Forms 1040, 1040-NR and 1040-SS even if a dependent has already been claimed on a previously filed return if the primary taxpayer on the second return includes a valid IP PIN. This will reduce the time for the agency to receive the tax return and accelerate the issuance of tax refunds for those with duplicate dependent returns.

The best way to sign up for an IP PIN is through your IRS Online Account. If you are unable to create an online account, alternative methods are available, such as in-person authentication at a Taxpayer Assistance Center. More information is available on how to sign up at Get an identity protection PIN (IP PIN).

Address

506 E 3rd Street
Rome, GA
30161

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+17068021945

Website

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