Author: Admin
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Photo: Retirement-Budget-CalendarOctober Insights
SENIOR DEDUCTIONS Overview of the deduction Who qualifies How to claim the deduction
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Photo: William Vaughn CompanySeptember Insights
BUSINESS OR HOBBY? IRS Tax Tip 2025-42, June 24, 2025 Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Either way, if they are paid through payment apps for goods and…
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Photo: Willis-Machnik-Financial-ServicesAugust Insights
YEAR-ROUND TAX PLANNING IRS Tax Tip 2025-38, June 11, 2025 Here are some simple things taxpayers can do throughout the year to make next filing season less stressful. Organize tax records. Create a system that keeps all important information together. Taxpayers can use a software program for electronic recordkeeping or store paper documents in clearly…
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Photo: MGA-InsightsJuly Insights
What taxpayers should do if they get mail from the IRS IRS Tax Tip 2025-33, May 27, 2025 IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a payment. Don’t panic if mail comes from…
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Photo: The-Motley-FoolJune Insights
IRS Tax Tip 2025-29, May 5, 2025 Tax returns for 2024 were due on April 15, 2025, with exceptions for taxpayers in a disaster area, combat zone or living and working abroad. Taxpayers who couldn’t pay their tax bill by the deadline shouldn’t panic – the IRS is here to help. There are several options…
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Photo: Bette-Hochberger CPAMay Insights
Proper tax withholding now is key to avoiding surprises when taxpayers file next year. Making any needed adjustments early means taxpayers won’t have to make a big change later in the year to catch up.The IRS Tax Withholding Estimator is a free online tool that helps workers, independent contractors and retirees determine if they have…
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Photo: Texas-Real-Estate-Research-Center-TAMUProperty Tax Listing Requirements for 2025 TY
Important Deadlines: Timely submission of your information is essential to avoid penalties or late filings. If you have questions or need assistance, please contact our office as soon as possible. If you received a property tax listing form, please review it carefully. If you need assistance completing the listing, notify our office as soon as…
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Photo: USA Tax Prep Plus1099 Rules & Requirements
As we approach year-end, we would like to remind you of the 2025 Form 1099 filing requirements and upcoming deadlines. Timely and accurate reporting is essential to avoid penalties, so please review the information below carefully. Key 1099 Deadlines What We Need From You To ensure timely filing, please provide: If you are unsure whether…
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Photo: FCPA-ProfessorQ1 Estimates 2026
This is our friendly reminder that 1st quarter estimates will be due on April 15th, 2026. Federal and state estimates are required for Schedule C filers, c-corporations and on pass-through entities such as s-corporations or partnerships since the tax structure is a pay-as-you-go system. Estimates may also be required if you have had any substantial taxable transactions where…
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Photo: Simco Services2% SH S-Corporation Health Insurance Reminder
As we approach the end of the 2025 tax year, we want to remind S-corporation owners of the important rules that apply to health insurance benefits for shareholders who own more than 2% of the corporation. Proper payment, reporting, and timing are essential to ensure the deduction is allowed. Important Deadline ReminderTo qualify for the…