In this video, Becky walks you through why filing an extension doesn’t delay what you owe—it only gives you more time to file, not more time to pay.

She explains how penalties can reach 25% if things are left unattended, and why coming in early gives you the chance to set up an installment agreement that can ease both the penalties and the stress.

She also talks about first-time penalty abatement—something many people don’t realize they may qualify for if they’ve been filing on time the past couple of years. And with the latest tax law changes, there’s a chance your situation could look different this year, whether that means a smaller balance due or even a larger refund.

In this video, Becky walks you through the essential rules for tax-free exchanges.

She explains why you need to declare your intent upfront, why you can’t take possession of the cash (it must be held by a title company), how debt relief can be taxed, and what property types qualify.

Becky also breaks down the strict timelines you need to follow and makes it clear that while you can defer taxes through a reduced cost basis, you’re postponing the tax bill—not eliminating it.

Becky breaks down the adoption tax credit for this year in a clear, practical way.

She explains how the $17,280 credit works, including the new $5,000 refundable portion that can be claimed even if you owe no tax.

She walks through the key limitations, like the phase-out starting around $259,000 in income and the rule that you can’t claim the credit when adopting a spouse’s child.

Becky also covers how even unsuccessful adoption attempts can still qualify, and highlights a major benefit—when adopting hard-to-place children or sibling groups through the state, the adoption is free, and you can still claim the full credit amount.

Becky discusses the new vehicle interest deduction, which allows up to $10,000 in deductible interest on new personal vehicles assembled in the U.S. that weigh 14,000 pounds or less and have at least two wheels.

She explains how to claim this deduction on Form 1A using your VIN number, how it works alongside the standard deduction, and the phase-out thresholds for higher-income taxpayers ($100,000 for single filers and $200,000 for married filers).

She also notes that this deduction is not available for Montana residents.

In this video, Becky walks through how cryptocurrency sales are reported to the IRS using the new 1099-DA form.

She explains the difference between purchasing crypto (similar to stock sales) and earning it as a business owner (which requires paying taxes and self-employment tax on the value received).

She also covers how previously reported income becomes your cost basis when you sell, and reminds viewers about the digital asset sale checkbox on Form 1040 and foreign bank account reporting requirements.