The Fifth Circuit Reverses Itself, U.S. BOI Ends, Overtime Hits Box 12 | JWellsTax Break 2026-08-17

The Fifth Circuit withdraws its January ruling for a narrower 'limited partner' test, FinCEN makes the BOI rollback final for U.S. persons, and…

Aug 18 • Jeremy Wells, EA, CPA

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23:23

New Authority, Borrowed Desks | JWellsTax Break 2026-08-03

Senate Finance advances TAS Act, IRS runs on acting leadership, the Fifth Circuit rejects a deathbed family limited partnership, and the Second Circuit…

Aug 6 • Jeremy Wells, EA, CPA

19:52

July 2026

76 cents per mile, Trump Account safe harbor, and a very bad day in Tax Court | JWellsTax Break 2026-07-20

IRS raises the business mileage rate for the back half of 2026 and issues a gift tax safe harbor for certain Trump Account contributions, while the Tax…

Jul 21 • Jeremy Wells, EA, CPA

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20:57

FTA Is History: IRS Launches Automatic Penalty Relief | JWellsTax Break 2026-07-13

IRS replaces First Time Abate with the new Automatic Exemption from Penalty, the Tax Court issues a precedential ruling on §6204(a) supplemental a

Jul 14 • Jeremy Wells, EA, CPA

15:42

Trump Accounts go live | JWellsTax Break 2026-07-06

Working Families Tax Cuts first-year data, a whistleblower loss, and an urgent July 10 deadline

Jul 7 • Jeremy Wells, EA, CPA

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15:33

June 2026

The IRS told you to use AI responsibly, but left out four things you actually need to know | JWellsTax Break 2026-06-29

NTA mid-year report, OPR AI guidance gaps, and the Sundancer Pools ERC ruling

Jun 30 • Jeremy Wells, EA, CPA

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22:18

Credits, Courts, and Congress | JWellsTax Break 2026-06-22

Tax Court rules on § 41 research credits for an architecture firm, a Medicaid sole proprietor's non-filer case, and what ETAAC wants Congress to do…

Jun 23 • Jeremy Wells, EA, CPA

21:23

🎙️ New Credits, Dead Losses, and Crypto's Moment | JWellsTax Break 2026-06-15

Federal scholarship credits go live in 27 states, a horse operation loses on § 183, a § 170 property donation gets disallowed, and seven crypto tax…

Jun 17 • Jeremy Wells, EA, CPA

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21:45

Where I’ll be in 2026

Conference season is officially underway!

Jun 5 • Jeremy Wells, EA, CPA

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March 2026

The Three Ledgers of an S Corporation

Stock basis, AAA, and retained earnings track similar activity, but each answers a different question for S corporations and shareholders

Mar 26 • Jeremy Wells, EA, CPA

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Should Your Business Own the Car?

A simple framework for thinking about business vehicles and why “put the car in the business” is usually a bad idea.

Mar 11 • Jeremy Wells, EA, CPA

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February 2026

When IRC sections collide: What are "W-2 wages" when calculating QBID?

A recent Tax Court case involves an interesting interaction between the § 199A qualified business income deduction and § 280A disallowance of expenses…

Feb 28 • Jeremy Wells, EA, CPA

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