Author Archives: barbreeves

Please print to assist in gathering next tax season paperwork together. Name(s)  ____________________________________________________ Address (if changed) ___________________________________________ Changes in marital status or dependency? Any digital currency assets?  (If yes, further questions will be asked) yes or no Is your main home in the US?  _____ Driver’s license copy Electronically filing?  _____ Please provide bank detailsContinue reading “Tax questionnaire for 2026”

I applied for the Delaware notary commission and was accepted. I will also be offering electronic and remote filing. I will be “in action” once the supplies arrive in a few days Just an FYI Thanks!

Medical mileage is 21 cents Charity is 14 cents Required attachments to the return are  detailed historical timeline and expectation of profit, communication such as email, texts, correspondence, proof of money transfer, law enforcement/financial institutional complaint copies.  The loss is limited to basis.  No deduction for lost “profits” If money to invest is pulled fromContinue reading “Business and Individual Update for 2025”

Due to the complexity of the changes in tax laws and the current requirements, it is highly suggested that businesses pay for an outside payroll service i.e. ADP, Paychex, etc. that has expertise in the field, due to their sole focus being on payroll processing and compliance. I do not suggest Quick Books, due toContinue reading “Outside Payroll Service”

By Anna Wilde Mathews, Wall Street Journal While I have contemplated ending my subscription to WSJ, then I finally see an article truly worthy of reading, I changed my mind…for now.  Thank you, Ms. Matthews.  I have recorded the journalist’s highlights.  I highly recommend reading the complete article online. Last year, seniors picking Medicare coverage faced some toughContinue reading “Big Changes Are Coming for 2026 Medicare Plans. What You Need to Know.”

Fairly certain this will affect all areas, including DE. Whenever receive notice, it is best to forward to me. Signed online to verify something for client and this was the notification posted:  Payment Update – Effective Nov. 1, 2024 SDAT will no longer accept Electronic Check (ACH) payments for online services.  Please use Credit Card,Continue reading “Department of Assessments Update”

For those companies that are working in multiple states: Provided by TaxSpeaker of all the webinars I attend.

The IRS announced that individual tax refund checks will begin phaseout on September 30, as required by Executive Order 14247. This is the first step towards the broader transition to electronic payments. More detailed guidance for 2025 tax returns will be published by the IRS before the 2026 filing season begins.

During the months of September and October, projections are done to avoid any adverse tax impact at yearend. These projections are done for current clients at no cost, if done via telephone. If you have any self-employment tax, any additional income over last year’s taxes and/or any circumstances that you are concerned about, please giveContinue reading “Projections”

If you need to establish a pension plan, please contact a retirement advisor.  If the shareholder incurs any expenses, the company can reimburse through an accountable plan. I have repeatedly explained that the money in a company does not belong to an owner.  The company must be considered a separate entity.  It is how theContinue reading “C CORPORATION WEBINAR 2025”