Top Rated Innovations

07/30/2026

🚨 IRS Update: Some Taxpayers May Automatically Qualify for Penalty Relief!

The IRS has introduced a new Automatic Exemption from Penalty (AEP) program that could help eligible taxpayers avoid certain IRS penalties without having to request relief.

Here’s what you need to know:

✅ If you’ve consistently filed your tax returns on time and paid your taxes on time over the past three years, you may qualify.

✅ If you’re eligible, the IRS can automatically waive certain penalties for:
• Failure to File
• Failure to Pay
• Failure to Deposit

✅ There’s nothing you need to do. If the IRS applies the relief, they’ll send you a notice.

Keep in mind:

📌 This doesn’t erase the tax you owe or any interest that has accrued.

📌 Not every return qualifies, so eligibility depends on your filing and payment history.

This is great news for taxpayers who have a strong compliance history. It’s also a reminder that filing and paying on time can pay off in more ways than one.

07/23/2026

💰 Thinking about making charitable donations this year? Here’s what you need to know!

The IRS has made some updates that could benefit taxpayers in 2026.

✔️ You may be able to deduct up to $1,000 in cash donations ($2,000 if you’re married filing jointly) even if you don’t itemize, as long as the donation is made to a qualified charity.

Before you donate, remember these tips:

📌 Donate to a qualified charitable organization. Giving money directly to an individual or a GoFundMe doesn’t usually qualify for a tax deduction.

📌 Keep your receipts, bank statements, or proof of payment. If you can’t prove the donation, you may not be able to claim it.

📌 If you donate $250 or more, ask the charity for a written acknowledgment before filing your tax return.

📌 Donating clothes, furniture, or other items? Keep a list of what you donated and its estimated value.

💡 Pro Tip: Good recordkeeping now can save you time and help maximize your tax benefits when it’s time to file.

07/23/2026

👋👋 Don’t Let Poor Recordkeeping Cost You a Tax Deduction!

If you make charitable donations throughout the year, keep good records. It can make tax season much easier and help support your deduction if you’re eligible to claim one.

Here are a few reminders:

✔️ In most cases, you must itemize deductions on Schedule A to claim charitable contributions.

🆕 Starting with the 2026 tax year: Even if you don’t itemize, you may be able to deduct up to:
• $1,000 in cash donations (Single)
• $2,000 in cash donations (Married Filing Jointly) Must be made to qualified charitable organizations.

📌 Keep these records:
💵 Cash donations – Save bank records, receipts, or written acknowledgments showing the charity’s name, donation date, and amount.

📝 Donations of $250 or more – Obtain a written acknowledgment from the charity before claiming the deduction.

📦 Non-cash donations – Keep a detailed list of the items donated, their fair market value, and any required documentation. Larger donations may require Form 8283 or a qualified appraisal.

🚫 Remember: Donations made directly to individuals or personal fundraisers are not tax-deductible.

Before you donate, verify that the organization is a qualified charitable organization.

Good recordkeeping today can help you maximize your tax benefits tomorrow.

07/19/2026

🚨 Still Accepting Tax Clients 🚨

It’s Sunday, and if you haven’t filed your taxes yet—or haven’t filed in years—don’t be ashamed. Life happens. What matters is taking the first step today.

Whether you’re:
✅ 1 year behind
✅ Several years behind
✅ Self-employed
✅ Have IRS notices
✅ Unsure where to start

Top Rated is here to help you get back into compliance without judgment.

The longer you wait, the more penalties and interest can add up. Let’s work together to create a plan and get you back on track.

📩 Send me a DM or schedule your consultation

Top Rated Innovations

07/14/2026

🚨 🚨 IRS UPDATE: Standard Mileage Rate Increased Effective July 1, 2026 🚨

The IRS has announced a mid-year increase to the standard mileage rates effective July 1, 2026.

New Rates:
🚗 Business: 76¢ per mile (up from 72.5¢)
🏥 Medical & Qualified Moving: 23.5¢ per mile (up from 20.5¢)
❤️ Charitable: 14¢ per mile (unchanged by law)

📌 What does this mean?

If you’re a business owner, independent contractor, gig worker, or self-employed, your deductible mileage may be higher for miles driven on or after July 1, 2026.

If you’re a tax professional, be sure you’re using the correct mileage rate based on the date the miles were driven, since 2026 now has two different business mileage rates.

Always keep a detailed mileage log to support your deduction.

📖 IRS Source:

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05/10/2026

The IRS gave you a loophole. Most people aren't using it.

It's called a Roth IRA.

Contribute $7,500/year ($145/week).
Invest it in an S&P 500 index fund.
Leave it alone for 30 years.

You put in $225,000.
You retire with roughly $1.4 million.

Taxes owed on that $1.175 million in growth: $0.

You pay taxes on the seed. Not the harvest.

Open one. Fund it. Leave it alone.

Top Rated Innovations 💎💰

04/16/2026

We’re open and filing taxes all the way until the IRS deadline at the end of the year!

We’re filing all summer long through October 15th 🗓️

Yesterday’s deadline was only for those who owed a balance. If you’re expecting a refund, you’re still good, no worries 😉

Let’s get you filed and paid 💰

02/23/2026

🚨 DEPOSIT DATE UPDATE 🚨

Everybody asking about 2/23, 2/24 & 2/25 👀💰

Here’s the breakdown ⬇️

📌 If you DO NOT have an early funding bank/card:

🗓 2/23 (3/9 DDD) → Funds post 2/23
🗓 2/24 (3/9 DDD) → Funds post 2/24
🗓 2/25 (3/9 DDD) → Funds post 2/25

That’s your scheduled deposit date. (Some may receive deposits early).

Now if you had a DDD and no money hit 👀

Most likely 👉🏽 OFFSET.

If you owe:
• Federal taxes
• State taxes
• Student loans
• Child support

Your refund can be taken.

📄 IRS offsets usually show on transcripts immediately.

⚠️ Non-IRS offsets sometimes show a few days AFTER your DDD.

Before panicking, call the Treasury Offset line:
📞 800-304-3107

Stop guessing. Check transcripts. Call the number. Move smart.💡

02/12/2026

FYI 😩

02/12/2026

No ghost 👻 over here 😂

Credentials & Compliant ✅

Are you searching for a reliable tax professional to help with your taxes? While most are honest and reliable, the warns you to avoid those who refuse to sign your tax return with their Preparer Tax Identification Number (PTIN). ‘Ghost’ preparers who don’t sign returns are very likely trying to scam you. Avoid these scammers by checking out the IRS tips on choosing the right for your tax situation: www.irs.gov/chooseataxpro