Improving Your Tax Account Security with the IRS
The IRS encourages taxpayers to establish their own IRS individual account so they can manage their account online, and take actions such as:
- Review transcripts
- Check the status of a refund or amended return
- View tax notices
- Make payments and view payment history
- Approve 2848 requests. The form 2848 allows your tax preparer to represent you before the IRS; request information and resolve issues on your account.
- Most importantly, your IRS individual account allows you to request an IP PIN, reducing the chance of tax identity theft and fraud.
- Submit form 4547, Trump Account Election
We will be emailing clients instructions on how to set up their IRS accounts and request IP PINs over the coming year, as well as how to approve our form 2848 requests.
Crypto Staking Rewards
The tax court has held that cryptocurrency staking rewards must be included in taxable income when received, not when sold.
Your Brain Does Not Have to Slow Down
A three-year study of nearly 4,000 adults between the ages of 19 and 94 found that brain health can improve at any age, challenging the common assumption that cognitive decline is an inevitable part of getting older. Researchers found meaningful gains in mental sharpness across all age groups studied. Lifestyle factors can play a role in long-term brain health.
Taxes and financial planning are complex, but you don’t have to navigate them alone. A financial advisor can help you stay informed about tax law changes, optimize your savings and investments, and avoid costly mistakes. If you need tailored guidance, our team is here to help. Talk to an advisor or call (603) 589-8010 to integrate tax planning into your comprehensive financial strategy.
Disclaimer:
This material is provided for educational and informational purposes only and is not investment, tax, legal, or financial advice. It does not consider any individual’s investment objectives, strategies, tax situation, or time horizon, and it is not an offer to sell or a solicitation to buy any security. Financial aid rules, tax laws, and school policies change frequently and vary by institution; figures cited are as of October 2026. Investing in a 529 plan involves risk, including the possible loss of principal. Before investing, review the plan’s offering documents for its investment objectives, risks, fees, and expenses, and consider whether your home state offers tax benefits only for its own plan. Please review your personal situation with your tax and/or financial advisor before acting.
Views expressed are subject to change based on market and other conditions. Any projections, market outlooks, estimates, or other forward-looking views are based on assumptions, are not indicative of future performance, and actual results may differ materially. Information is obtained from third-party sources believed to be accurate, but Milestone makes no representation as to its accuracy, completeness, or timeliness and accepts no liability for decisions based on it. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal.
Milestone Financial Planning, LLC (“Milestone”) is a fee-only financial planning firm and registered investment advisor headquartered in Bedford, NH. Registration does not imply a certain level of skill or training. Milestone works with clients on an ongoing, long-term basis, providing financial planning, tax planning, retirement planning, and investment management services. Fees are based on assets under management and may include a financial planning fee. Milestone receives no commissions or referral fees and, as a fiduciary, is required to act in clients’ best interests. Advisory services are offered only where Milestone and its representatives are properly licensed or exempt from licensure. More information, including fees and principal risks, is available in Milestone’s Form ADV Part 2A. For help with your investments or financial planning, contact one of our fee-only advisors.
