Linda D. Cosgray, Inc.

05/28/2026

We have so many great hamburger spots in Columbus. What is your favorite?

05/27/2026

Summer hasn’t officially started, but summertime events and happenings certainly have. Most people aren’t thinking about taxes when there’s summer fun to be had, but there’s some common activities that could impact taxpayers in the next filing season. Let’s look at a few.

Summer day camp
If a taxpayer is sending a child to summer day camp, the cost may count toward the Child and Dependent Care Credit.

05/26/2026

To make sure taxpayers are informed, the IRS will:
• Include within certain notices any amount of tax, interest and certain penalties the taxpayer owes
• Explain why the taxpayer owes any balance due
• Explain the specific reasons why a refund claim was denied
• Post information on IRS.gov to help taxpayers understand their IRS notice or letter
• Send a letter when the agency makes an assessment. That letter must include:
o Information on how the taxpayer can appeal the decision
o An explanation of the entire process from audit through collection
o Details on how the Taxpayer Advocate Service can help
• Send an annual statement to taxpayers who enter into a payment plan, also known as an installment agreement. The statement will include how much the taxpayer:
o Owes at the beginning of the year
o Paid during the year
o Still owes at the end of the year

Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.

05/25/2026

05/22/2026

Wishing all of our Clients and Staff a Wonderful and Safe Memorial Day Weekend.

05/20/2026

Ride your Bike to Work Day!!!!

05/19/2026

Some taxpayers may get mail from the IRS. It’s important that they open any mail they receive and read it carefully.
Most letters or notices are about federal tax returns or tax accounts. Each notice will outline the specific issue and include steps the taxpayer needs to take. A notice may reference changes to a taxpayer's account, taxes owed, a payment request or a specific issue on a tax return or credit.
Review the information. If the mail is about a changed or corrected tax return, the taxpayer should review the information and compare it with the original return. If the taxpayer agrees, they should make notes about the corrections on their personal copy of the tax return and keep it for their records. Typically, a taxpayer will need to act only if they don't agree with the information, if the IRS asked for more information or if there’s a balance due.

05/18/2026

Form 1099-NEC
For tax years beginning after 2025, payers must use Form 1099-NEC, Nonemployee Compensation, to report nonemployee compensation payments of at least $2,000, adjusted for inflation beginning in calendar year 2027. Previously, the threshold amount was $600.

05/14/2026

The IRS announced tax relief for individuals and businesses in parts of Southeast Georgia that were affected by wildfires and straight-line winds that began on Apr. 18, 2026. These taxpayers now have until Aug. 20, 2026, to file various federal individual and business tax returns and make tax payments. Following the disaster declaration issued by the State of Georgia, individuals and households that reside or have a business in Clinch, Echols, and Brantley counties qualify for tax relief. The same relief will be available to any other counties added later to the disaster area. The current list of eligible localities is available on the Tax relief in disaster situations page on IRS.gov.

05/13/2026

The past few days have been beautiful in Central Ohio. Loving the sunshine!