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178                                Newman Town, PLLC
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206    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=3688&custom=0');">
207        Final Regulations Issued on Car Loan Interest Deduction (TD 10054)
208    </a>
209    <br/>
210        The Treasury Department and IRS have finalized regulations regarding the deduction of up to $10,000 in personal car loan interest by individuals for tax years 2025 through 2028. This includes regulati...
211</div>
212<div id="nl_1" style="display: none;">
213    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=3687&custom=0');">
214        Proposed Regulations Would Deny Tax-Exempt Status to Private Schools Engaging in Racial Discrimination (NPRM REG-119986-25; IR 2026-103)
215    </a>
216    <br/>
217        The Treasury Department and IRS have issued proposed regulations providing that a private school is not eligible for Federal income tax exemption under section 501(c)(3) if it considers race, color,...
218</div>
219<div id="nl_2" style="display: none;">
220    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=3686&custom=0');">
221        Partnership&rsquo;s Final Partnership Adjustment Timely Under Extended Limitations Period (Katanga Properties, TC)
222    </a>
223    <br/>
224        A Notice of Final Partnership Adjustment (FPA) issued by the IRS to a partnership was timely under Code Sec. 6235 because the partnership and IRS had agreed to extend the limitations period for maki...
225</div>
226<div id="nl_3" style="display: none;">
227    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=3685&custom=0');">
228        Disaster Tax Relief Bill Signed Into Law
229    </a>
230    <br/>
231        The Doug LaMalfa Federal Disaster Tax Relief Certainty Act has been signed into law by President Trump....
232</div>
233<div id="nl_4" style="display: none;">
234    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=3684&custom=0');">
235        IRS Modifies Automatic Accounting Method Change Procedures for Research Costs and Construction Contracts (Rev. Proc. 2026-32)
236    </a>
237    <br/>
238        The IRS has modified automatic accounting method change procedures for research or experimental expenditures and certain residential construction contracts. Rev. Proc. 2026-32 modifies sections 7 an...
239</div>
240<div id="nl_5" style="display: none;">
241    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1420&custom=0');">
242        President signs Highway Bill revising return due dates, making other compliance change
243    </a>
244    <br/>
245        President Obama signed the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 on July 31. The Act revises some important return due dates, overrules a Supreme Court tax dec...
246</div>
247<div id="nl_6" style="display: none;">
248    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1419&custom=0');">
249        Busy tax agenda awaits Congress&rsquo; return after August recess
250    </a>
251    <br/>
252        Congress returns to work in September with a full agenda of tax legislation. Lawmakers will search for revenue to pay for a long-term federal highway and transportation bill, debate the fate of popula...
253</div>
254<div id="nl_7" style="display: none;">
255    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1418&custom=0');">
256        Developments continue to impact the mortgage interest deduction
257    </a>
258    <br/>
259        The mortgage interest deduction is widely used by the majority of individuals who itemize their deductions. In fact, the size of the average mortgage interest deduction alone persuades many taxpayers ...
260</div>
261<div id="nl_8" style="display: none;">
262    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1417&custom=0');">
263        FAQ: When must individuals pay estimated taxes? 
264    </a>
265    <br/>
266        Many federal income taxes are paid from amounts that are withheld from payments to the taxpayer. For instance, amounts roughly equal to an employee's estimated tax liability are generally withheld fro...
267</div>
268<div id="nl_9" style="display: none;">
269    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1416&custom=0');">
270        How Do I?  Form a partnership for tax purposes
271    </a>
272    <br/>
273        A business operated by two or more owners can elect to be taxed as a partnership by filing Form 8832, the Entity Classification 
273Election form. A business is eligible to elect partnership status if it ...
274</div>
275<div id="nl_10" style="display: none;">
276    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1415&custom=0');">
277        September 2015 tax compliance calendar
278    </a>
279    <br/>
280        As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals...
281</div>
282<div id="nl_11" style="display: none;">
283    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1408&custom=0');">
284        Tax extenders take first steps to passage before Congress breaks for August recess
285    </a>
286    <br/>
287        Just before Congress recessed for its August break, a package of tax extenders was approved by the Senate Finance Committee (SFC). The House and Senate both struggled to find ways to pay for a multi-y...
288</div>
289<div id="nl_12" style="display: none;">
290    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1407&custom=0');">
291        Preliminary filing season stats show successes and challenges for IRS
292    </a>
293    <br/>
294        Preliminary information from the 2015 filing season shows a mixed bag of success and failures for the IRS. The IRS successfully processed returns and issued refunds, taking into account new requiremen...
295</div>
296<div id="nl_13" style="display: none;">
297    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1406&custom=0');">
298        Lawmakers hear from small businesses about tax complexity, compliance
299    </a>
300    <br/>
301        Small business tax reform was the topic of two Congressional hearings in July. House and Senate lawmakers heard from small business owners and leaders in the tax and accounting area about concerns ove...
302</div>
303<div id="nl_14" style="display: none;">
304    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1405&custom=0');">
305        FAQ:  Can an S corporation own an interest in another business entity? 
306    </a>
307    <br/>
308        An S corporation may own an interest in another business entity. An S corporation can be a member of an affiliated group by owning 80 percent or more of the stock of a C corporation. The group then ca...
309</div>
310<div id="nl_15" style="display: none;">
311    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1404&custom=0');">
312        How do I? Compute withholding using the part-year employment method
313    </a>
314    <br/>
315        Employers generally withhold from wages by way of the wage-bracket or percentage method (Code Sec. 3402(b) and Code Sec. 3402(c)). However, an employee may request that the amount of tax withheld by t...
316</div>
317<div id="nl_16" style="display: none;">
318    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1403&custom=0');">
319        August 2015 tax compliance calendar
320    </a>
321    <br/>
322        As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals...
323</div>
324<div id="nl_17" style="display: none;">
325    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1392&custom=0');">
326        Supreme Court upholds ACA Code Sec. 36B premium tax credit regs
327    </a>
328    <br/>
329        After months of waiting, the U.S. Supreme Court announced its decision on the fate of the Code Sec. 36B premium assistance tax credit on June 25 in King v. Burwell, 2015-1 ustc ¶50,356. In a 6 to 3 d...
330</div>
331<div id="nl_18" style="display: none;">
332    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1391&custom=0');">
333        Supreme Court&#039;s same-sex marriage decision affects federal, state taxation 
334    </a>
335    <br/>
336        The Supreme Court’s decision in Obergefell v. Hodges (2015-1 ustc ¶50,357) on June 26, 2015 continues what was set in motion in 2013: the exp
336ansion of tax benefits to same-sex married couples. In O...
337</div>
338<div id="nl_19" style="display: none;">
339    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1390&custom=0');">
340        Treasury, IRS get moving on ABLE account rules
341    </a>
342    <br/>
343        Late in 2014, Congress passed and President Obama signed into the law the Achieving a Better Life Experience (ABLE) Act. The new law, which enjoyed strong bipartisan support, authorizes the creation o...
344</div>
345<div id="nl_20" style="display: none;">
346    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1388&custom=0');">
347        How Do I? Determine when the &quot;at risk&quot; rules apply to my business
348    </a>
349    <br/>
350        Taxpayers that invest in a trade or business or an activity for the production of income can only deduct losses from the activity or business if the taxpayer is at risk for the investment. A taxpayer ...
351</div>
352<div id="nl_21" style="display: none;">
353    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1386&custom=0');">
354        FAQ...Can I deduct the cost of sending my child to summer camp?
355    </a>
356    <br/>
357        Now that summer is officially here and the main filing season is out of the way, tax planning may be far from your mind. However, typical summer traditions can yield tax benefits. For example, when sc...
358</div>
359<div id="nl_22" style="display: none;">
360    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1385&custom=0');">
361        July 2015 tax compliance calendar
362    </a>
363    <br/>
364        As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals...
365</div>
366<div id="nl_23" style="display: none;">
367    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1373&custom=0');">
368        Lawmakers add tax measures to trade package, approve other tax bills
369    </a>
370    <br/>
371        Tax provisions are often included as revenue raisers in non-tax bills and this year is no exception. A massive trade package making its way through Congress contains a number of tax measures, impactin...
372</div>
373<div id="nl_24" style="display: none;">
374    <a href="javascript: void(0)" onClick="popup_app('//www.newmantowncpa.com/content/apps/newsletter_popup.php?id=1372&custom=0');">
375        How the IRS resolves an identity theft case
376    </a>
377    <br/>
378        The IRS has responded to criticism from the Treasury Inspector General for Tax Administration and the National Taxpayer Advocate, among others, that resolution of identity theft accounts takes too lon...
379</div>
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489</div><div id="page_description"><p style="text-align:center;"><em><strong> </strong></em></p><p style="text-align:center;"><em><strong>Our address is:</strong></em></p><p style="text-align:center;"><em><strong> 1410 Market Street, Suite 100, Kirkland, WA  98033</strong></em><strong><em></em></strong><strong><em></em></strong><strong><em></em></strong></p><p style="text-align:center;"><strong><em> </em></strong></p><p style="text-align:center;"><strong><em></em></strong></p><p style="text-align:center;"><strong>Newman Town provides Financial Statement, </strong><strong>Tax and Advisory Services.</strong></p><p style="text-align:justify;">At Newman Town we know you have a choice in deciding who you want to do business with.  Simply, we serve our clients by providing the highest level of service. We use a proactive approach in providing advisory services that brings quality solutions that not only helps our clients solve their unique challenges, but strives to look for ways to improve their financial capabilities for the long term.</p><p style="text-align:justify;">Throughout our careers, we have exemplified one key component: <strong>Service Excellence</strong>.  As a result, you can expect for us to not just meet your needs, but can count on a long term relationship that will grow as your business grows with our commitment to <strong>Honesty, Integrity, Respect, &amp; Credibility</strong>.  </p><p style="text-align:center;"><span style="font-size:8pt;"><span style="font-family:'arial black', sans-serif;"><span style="font-size:12pt;"><span style="font-size:10pt;"> <span style="font-size:12pt;">To upload files to your Citrix ShareFile</span></span></span></span><span style="font-family:'arial black', sans-serif;font-size:12pt;"> folder</span></span></p><p style="text-align:center;"><a href="https://newmantowncpa.sharefile.com/">https://newmantowncpa.sharefile.com/</a> </p><p style="text-align:center;">If you need to create a login, please contact our office.</p><p style="text-align:center;"><img alt="Citrix Files image" height="62" src="https://store-images.s-microsoft.com/image/apps.51294.333add2c-f70e-4c1d-8b02-ebd170255e27.b4d03c05-ac30-411c-86b5-0d18b5de637a.cd837ff8-b45a-4b68-a9d6-7cbb51961324.png" width="62" /></p><p style="text-align:center;"><span style="font-size:8pt;"><span style="font-family:'arial black', sans-serif;"> </span></span></p><p style="text-align:justify;"> </p></div><div class="sitebuilderModules" align="center">
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