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Tax Advocate Center LLC

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Tax Advocate Center LLC

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Tax Advocate Center is a nationwide full service tax company that works with taxpayers to resolve th

10/01/2026

How to Deduct Expenses for Long-Term Care on Your Tax Return

The IRS allows limited deductions for medical expenses and long-term care insurance premiums. See if you qualify.

The need for long-term care can happen at any point in your life, and the costs can be daunting.

According to the U.S. Department of Health and Human Services, more than half (56%) of individuals turning 65 will require some significant need for long-term care during their lifetime. Independent actuarial data from Milliman projects that the average 65-year-old should now prepare to set aside $135,000 to cover these future paid care costs.

https://www.kiplinger.com/article/retirement/t036-c005-s004-deduct-expenses-for-long-term-care-on-your-tax-return.html

09/30/2026

If Your Last Years Are Spent in a Nursing Home, the IRS Still Counts the House as Your Home, and the Full $500,000 Tax Break Survives the Sale

IRC Section 121(d)(7) cuts the required home-use period from two years to one if the seller enters a licensed care facility due to incapacity.

Widowed sellers preserve the full $500,000 exclusion only if they sell within two years of the spouse's death before remarrying.

Selling the home to capture the exclusion can convert an exempt asset into countable resources and trigger Medicaid eligibility problems.

If you own your home and worry that a long stay in a nursing facility could wipe out your capital gains tax break when the house is sold, a specific IRS provision addresses exactly that situation. Section 121 of the Internal Revenue Code, the rule that lets qualifying homeowners exclude a large chunk of gain from a home sale, contains a carve-out that treats time in a licensed care facility as if you were still living in the house. Most families never hear about it until a loved one is already deep into a care arrangement.

https://www.aol.com/articles/last-years-spent-nursing-home-220924000.html

09/29/2026

Medicaid Paid for the Nursing Home. Then the State Came for the House

Federal law makes states collect from the estate, even after a widow dies. Most families hit had less than $48,500.

Here’s a scenario elder-law attorneys describe so often it’s practically a script.Dad spends his last two years in a nursing home. The family can’t cover $115,000 a year, so he goes on Medicaid, and Medicaid pays.Mom stays in the house. Nobody bothers her. She dies at 91. Six weeks later, a certified letter arrives addressed to the kids: The state wants to be repaid for Dad’s care, and the house is the only asset left.The letter is legal. It’s federal. And most families have never heard of the program that sent it.

https://www.moneytalksnews.com/medicaid-paid-for-the-nursing-home-then-the-state-came-for-the-house/

09/15/2026

See how your income tax bracket could change for 2027

The IRS adjusts its tax brackets each year for inflation, a step that can provide some financial relief to people whose income is taxed at lower rates. While the agency hasn't yet announced its new inflation-adjusted tax brackets — an announcement it usually makes in October or November — Bloomberg Tax on Friday issued its forecast for the 2027 tax changes.

https://www.cbsnews.com/news/2027-tax-brackets-irs-inflation-adjustments/

09/07/2026

He Bought an 8% Municipal Bond for Tax-Free Income. The IRS Used It to Tax More of His Social Security.

Municipal bond interest is excluded from federal tax but counts in the IRS formula that can make up to 85% of Social Security benefits taxable.

Single filers earning above $34,000 and married couples above $44,000 face peak Social Security taxation, and those thresholds haven't changed in decades.

An 8% muni bond coupon may signal weak credit ratings, low liquidity, or single-source revenue risk. Being tax-free does not mean being risk-free.

https://finance.yahoo.com/markets/options/articles/bought-8-municipal-bond-tax-180045727.html

09/05/2026

IRS granting tax relief to WA counties scorched by wildfires.

OLYMPIA, WA (MyBellinghamNow.com) – The IRS is offering some financial relief to our state’s wildfire victims.

In a pair of letters issued earlier Monday, Aug. 31, the IRS said that it will postpone tax deadlines for residents and businesses in seven counties, including three tribal nations.

Earlier this month, Gov. Bob Ferguson’s office said he requested a one-year tax deadline postponement for seven counties and three tribal territories. The request to U.S. Treasury Secretary Scott Bessent came as residents in hard-hit wildfire areas return to destroyed properties.

https://mybellinghamnow.com/news/297792-irs-granting-tax-relief-to-wa-counties-scorched-by-wildfires/

09/04/2026

10 Tax Rules To Keep You Out Of Trouble With The IRS

Taxation is complex, even if your affairs seem simple and your income is modest. And there are endless tax rules, often crossing over each other and requiring interpretation and professionals to sort them out. Still, certain tax rules seem nearly absolute. These 10 rules are important and can help keep you out of tax trouble with the IRS year-round.

Everything is Income

The IRS taxes all income from any source, whether in cash or in kind. Lottery winnings? Taxed. Gambling winnings? Taxed. You name it, it’s taxed. If you find a diamond ring, you pay tax on its fair market value even if you don’t sell it. And offsets or deductions are rarely as inclusive as the income.

https://www.forbes.com/sites/robertwood/2026/08/31/10-tax-rules-to-keep-you-out-of-trouble-with-the-irs/

09/03/2026

IRS delays filing, paying of taxes for residents in 22 Nebraska counties after wildfires and storms

LINCOLN, Neb. (Nebraska Examiner) - The U.S. Internal Revenue Service is postponing the filing and paying of 2026 taxes for affected Nebraskans and businesses in 22 counties due to wildfires and storms this year.

Nebraska Gov. Jim Pillen announced the delay Thursday as a result of five separate state disaster declarations. Affected taxpayers now have until Feb. 1, 2027, to file their tax returns and pay any taxes originally due during the disaster periods. Four of the five disasters are due to wildfires between March and June. The fifth is due to severe storms in May.

https://www.ktiv.com/2026/08/31/irs-delays-filing-paying-taxes-residents-22-nebraska-counties-after-wildfires-storms/

09/03/2026

IRS tax revenue reached record high but enforcement fell

IRS enforcement activity declined in fiscal year 2025 after staffing levels fell and supplemental funding was exhausted, even as taxpayers paid a record $5.3 trillion in federal tax revenue, an agency watchdog said in a report.

The report, released Monday by the Treasury Inspector General for Tax Administration (TIGTA), found that taxpayers paid 13.2% more in tax revenue in fiscal 2025 than in fiscal 2023, driven largely by a 17% increase in individual income tax collections.

https://www.journalofaccountancy.com/news/2026/aug/irs-enforcement-activity-fell-despite-record-tax-collections-tigta-says/

08/25/2026

IRS warns fake tax letters with QR codes are targeting US crypto holders

A new mail fraud scheme is targeting cryptocurrency holders with convincing, IRS-style notices and a fake "compliance portal" designed to steal sensitive financial information. The scam uses official-looking letters and QR codes to direct recipients to a fraudulent website, where they may be prompted to enter financial or personal details.

https://www.msn.com/en-us/news/technology/irs-warns-fake-tax-letters-with-qr-codes-are-targeting-us-crypto-holders/ar-AA29WXMN?ocid=BingNewsVerp

Address

15260 Ventura Boulevard Suite 1200
Sherman Oaks, CA
91403

Opening Hours

Monday	6am - 6pm
Tuesday	6am - 6pm
Wednesday	6am - 6pm
Thursday	6am - 6pm
Friday	6am - 6pm

Telephone

+18445263905

Website

http://www.taxadvocatecenter.com/

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