Tax Tips & More
Navigating Healthcare Sharing Ministries
Looking for healthcare solutions? I want to introduce you to an alternative that may align with your financial goals and personal values.
Deducting Start-Up Expenses for a Rental Property
Are you interested in becoming a commercial or residential landlord? If so, you’ll likely have to shell out plenty of money before ever collecting a dime in rent. The tax code treats some of those monies as start-up expenses.
Beware the Dreaded Wash Sale Rule when Harvesting Tax Losses
I am writing to share some important insights regarding tax-loss harvesting, a strategy that can be beneficial for managing your investments and tax obligations.
Adjusting for the New Retirement Plan Catch-Up Contribution Rules
The SECURE 2.0 Act, enacted in late 2022, is changing your retirement plan’s ability to allow catch-up contributions.
Businesses and Rentals Existing on January 1 Trigger FinCEN Filings
For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024, and imposes a brand-new federal filing requirement on most corporations,
limited liability companies, and limited partnerships and on certain other business entities.
Best Practices When E-Filing Returns
Avoid future problems by following these best practices for e-filing.
Common Mistakes in Tax Preparation
Avoid errors that can occur when preparing tax returns by learning these common mistakes.
What Are Your Chances of Being Audited?
These red flags could increase your chances of the IRS selecting your return for audit.
December 2025 Tax Due Dates
December 10: Tips for November 2025 Reported to Employer (Form 4070)
December 31: Contribution to employer-sponsored retirement plan for 2025 (401(k), 403(b), 457 or federal thrift savings plans)
December 31: Required minimum distribution (RMD) by individuals who are 73 or older at the end of 2025
January 2026 Tax Due Dates
January 12: Tips for December 2025 reported to employer
January 15: 4th Quarter 2025 Estimated Tax Payment due
January 15: Monthly payroll tax deposits for December 2025
January 15: Farmers and fishermen pay estimated tax for 2025
January 31 (Saturday → Due Monday, February 2): W-2 forms due to employees, 1099 forms due to contractors, Copy B of Form 3921 due to employees (for ISO exercises), Form 940 (Federal Unemployment Tax Return) due
February 2026 Tax Due Dates
February 2 : Deadline to file and pay 2025 taxes in full if not making an estimated tax payment in January
February 10: Tips for January 2026 reported to employer
February 16: File Form W-4 to reclaim exemption from withholding for 2026