RC TAX PROS

04/08/2026

We have GREAT clients!! This is just a post to say thank you for another year!! We are one week from the second filing deadline of the year and greatful to all of you who chose us again this season!!

01/12/2026

The Internal Revenue Service (IRS) has announced in IR-2026-02 that they will begin accepting and processing 2025 individual tax returns on January 26, 2026.

Advances/Loans are available as of January 2, 2026.

12/21/2025

11/08/2025

Long story, short.. if you plan to file anything electronically, you will want to be sure to do so prior to the last day in November. If not, you'll be required to wait the 2-3 months for the next open period. Filing on paper is always possible, but will typically take longer than waiting for re-opening.

The annual IRS Modernized e-File (MeF) system for both individual (Form 1040) and business returns is scheduled for a shutdown in December 2025 to prepare for the upcoming tax season. The exact dates in December have not been precisely announced yet.

Key information:
Individual Returns (Form 1040): The shutdown for individual returns has been extended to align with the business return schedule in December 2025.
Business Returns: The shutdown for business returns is also scheduled for December 2025.
Reopening: The e-file system for the new filing season (processing year 2026/tax year 2025) will reopen in late January or early February 2026.

10/09/2025

10/15/2025 is the final day to file, if you have an accepted extension filing. Meeting this deadline will assist in reducing your penalties calculated on any balance that your forms may reflect. It is important not to wait until the last day, so that you have time to gather any outstanding information that your preparer may request from you. JUST 6 days remaining!

08/17/2025

Florida’s Back to School sales tax holiday will begin on August 1st and run an entire month, through August 31st. During this period, no sales tax or local county tax will be collected on the purchases of clothing, footwear, and certain accessories with a sales price of $100 or less per item, certain school supplies with a sales price of $50 or less per item, learning aids and jigsaw puzzles with a sales price of $30 or less per item, and sales of personal computers and certain computer-related accessories with a sales price of $1500 or less when purchased for noncommercial home or personal use. More information can be found on the Florida Department of Revenue Website in Tax Information Publication -08 . All relevant tax categories will be exempt during the holiday period under the appropriate thresholds.

02/20/2025

BOI Reporting Deadline Now March 21

On Feb. 18, a Texas district court lifted the last remaining nationwide block against enforcing the Corporate Transparency Act (CTA), restoring beneficial ownership information (BOI) reporting requirements.

01/10/2025

IRS announces: Jan. 27 start to 2025 tax filing season.

12/06/2024

PLEASE be sure that you are on a fincen.gov website. There are many companies who are hosting scams or portraying themselves as government agencies. https://boiefiling.fincen.gov/ A business owner should be able to complete the report on their own, but you will need to be sure to do your research for proper reporting. Although the report itself seems simple, there are many requirements and options. If you find you are in need of assistance, or simply do not have the time to file your report, we offer this service at a rate of $295. If your report is not filed by 01/01/2025, the government will impose a fine of $500 per day. This report is required for any business that is registered with the Secretary of State (with some exceptions). This means if you own multiple businesses, multiple reports will be required.

11/08/2023

IRS modernized e-file systems will be shutdown for normal annual preparation for the next tax season on November 18, 2023. They will not reopen until the end of January 2024. This means that if you are in need of electronically filing your forms, you must do so by next Saturday at 11:59pm.