Selena's Accounting Services

If you do not get direct deposit this year of your federal refund expect significant delays in your reufnd. This is the phase in of what will ultimately also be the IRS requiring taxpayers to pay all balances due electronically (the goal date for this is 2027 tax filing season).

IRS to phase out paper tax refund checks starting with individual taxpayers | Internal Revenue Service IR-2025-94, Sept. 23, 2025 — The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law.

New Year, New mileage rates!

IR-2025-128: IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents IR-2025-128: IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents Internal Revenue Service (IRS) sent this bulletin at 12/29/2025 02:05 PM EST IRS Newswire December 29, 2025 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Fig...

Great summary of some of the new tax law changes and additional resources for them.

Outreach Connection FY26-01 Outreach Connection FY26-01 Internal Revenue Service (IRS) sent this bulletin at 12/18/2025 02:09 PM EST Having trouble viewing this email? View it as a Web page. Outreach Connection December 18, 2025 Outreach Connection FY26-01 In this edition The IRS is providing implementation guidance on the One...

https://www.irs.gov/newsroom/irs-to-phase-out-paper-tax-refund-checks-starting-with-individual-taxpayers

IRS to phase out paper tax refund checks starting with individual taxpayers | Internal Revenue Service IR-2025-94, Sept. 23, 2025 — The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law.

Useful plain language article.

Taxes on Social Security benefits were not eliminated despite what you've heard Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and what you should withhold.

https://www.kiplinger.com/taxes/u-s-treasury-to-eliminate-paper-checks-this-year-what-it-means-for-you?utm_term=152C8211-11EC-4C62-9B63-3754DB57BBB2&lrh=93f4258472bc35327b950f66d6e32a987434142fce4e40ebbe4fc2cf7c04dfb2&utm_campaign=231AB69E-1652-46EB-A977-6F2C6C998083&utm_medium=email&utm_content=3E9B380B-A830-494E-807C-6BDB061F04C9&utm_source=SmartBrief

U.S. Treasury to Eliminate Paper Checks: What It Means for Tax Refunds, Social Security President Trump signed an executive order forcing the federal government to phase out paper check disbursements by the fall.

Good info for people who get the 1099-k who should not (paying your co worker for your daily coffee through venmo for example).

What to do with Form 1099-K | Internal Revenue Service Use Form 1099-K with your other records to help figure and report your correct income on your tax return. Find out what to do if the form is incorrect or if you shouldn’t have received it.

Because I have had several emails and phone calls in the last week about this question. I don't know where this misinformation is being circulated, however you cannot claim a child on your taxes just because you pay child support. Here is the IRS's answer to that question as of today.
https://www.irs.gov/faqs/filing-requirements-status-dependents/dependents/dependents-6 #:~:text=The%20payer%20of%20child%20support,claiming%20the%20child%20are%20met.

https://www.irs.gov/newsroom/irs-announces-jan-27-start-to-2025-tax-filing-season-agency-continues-historic-improvements-to-expand-enhance-tools-and-filing-options-to-help-taxpayers

IRS announces Jan. 27 start to 2025 tax filing season; agency continues historic improvements to expand, enhance tools and filing options to help taxpayers | Internal Revenue Service IR-2025-08, Jan. 10, 2025 — The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of the agency’s historic modernization efforts.

This is a great way for so many individuals who have basic returns to file their returns themselves.

UPDATED: IR-2025-03: IRS Free File opens Friday: Free tax filing service available to millions on IRS.gov UPDATED: IR-2025-03: IRS Free File opens Friday: Free tax filing service available to millions on IRS.gov Internal Revenue Service (IRS) sent this bulletin at 01/07/2025 06:04 PM EST IRS Newswire Jan. 7, 2025 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts...

If you own an LLC or a Corporation, have you filed your BOI report yet? If not, you can do it yourself in about 20 minutes. This is required by law and there will be penalties for companies who do not comply. The link to file your report is below.
File your report as soon as possible or contact me if you want our firm to file your report for you.

BOI E-FILING

I opened my office in 2004 so I had really big plans for 2024 to celebrate 20 years. I joked with several clients and friends that this was the year I would "turn 20 and grow up". For many reasons, my year did not go as planned, however I ended my year by getting back on track with my goals for the next 20 years and by next summer I look forward to celebrating officially.... Stay tuned!