January tax tips…

2026 is here and it’s time to see how all the tax law changes will affect you! January can be a busy time, particularly if you have a small business.  Forms 1099 are due as well as payroll reporting for the year end.  If you use your car for your business, you need to get your odometer reading right now.

• 1099’s:  Almost every business will have some obligation to file forms 1099!  If you paid anybody for services this year, you must send them a 1099 if you paid them $600 or more throughout the year.  Call me for more information.
• W-2’s:  If you have payroll, you need to issue forms W-2 before month end.
• Taking a deduction for your vehicle means we must report overall total mileage in addition to business miles (even if you choose actual expenses rather than the mileage deduction) so write down that odometer reading.

If you need help with this, give me a call! 

The IRS announced that they will begin accepting tax returns on January 26th, 2026.  

The $2,000 refund that has been in the news lately is unlikely to come soon, if at all. There are several steps the government must follow to facilitate these "tariff" refunds and no word from any reliable source is out. It has been suggested that these "refunds" may come in the form of further tax reductions or incentives.

If you had a child in 2025 and want to establish a Trump Account, let me know. The form 4547 for electing this option has not yet been released by the IRS. For more informaton about this program, CLICK HERE.

I am up and running and ready to begin accepting tax information right away.  Call me if you need a client portal to securely send your information electronically.  I look forward to working with you this year!