Tax season delays are rarely caused by complex tax issues.More often, they stem from missing documents — forms that taxpayers didn’t realize were required or assumed didn’t apply to them. Below are five tax documents that are commonly overlooked and why each one matters. Reviewing these before you file can [...]
The IRS just announced tax filing season will begin January 26th 2026! Every year, AFSG provides you with detailed checklists to help you stay organized and up to date on the current tax laws. Below are links to our 2025 checklists, worksheets, and virtual appointment options. In July 2025, a [...]
As we prepare for the 2026 tax filing season, significant tax law changes enacted in 2025 will impact both individual and business taxpayers. This summary highlights the key provisions you should be aware of when preparing your 2025 tax returns. Due to the increased complexity from this legislation, our tax [...]
As we wrap up the year, a few important tax reminders to help you finish strong and avoid last-minute stress. ✔ Items that must be completed by December 31 ✔ New tax law updates under OBBBA that may impact deductions ✔ Important January deadlines to have on your radar [...]
Year-End Charitable Giving Donating appreciated stock or other assets can provide a double benefit — a charitable deduction and avoidance of capital gains. Consider using a donor-advised fund to simplify contributions and lock in your deduction before December 31. Gifts & Generation-Skipping transfers You can gift up to $19,000 per [...]
💡 October isn’t just about extensions — it’s the month to plan ahead. File on time, avoid penalties, and start preparing for year-end deductions and retirement savings.
July 1, 2025 - D.C. is in full negotiation mode, and the latest House and Senate versions of the new tax bill include major proposed changes: ✔️ Expanded child tax credits✔️ New car loan interest deductions✔️ Bonus depreciation returns✔️ R&D write-offs restored✔️ SALT cap changes (again)✔️ Repeal of energy tax [...]
JUNE ACCOUNTING & TAX TIPS Check your YTD income Review your W-2 tax withholding Know your tax bracket Track busienss deductions now Estimated taxes are due June 15th Calculate remaining retirement contributions Track home office or business vehicle use
Each tax season, many taxpayers hear the word extension and assume it means extra time to deal with everything related to their taxes. In reality, a tax extension is very specific in what it does—and what it does not do. Understanding this distinction can help avoid penalties, interest, and unnecessary [...]
With tax season in full swing, here are a few key reminders to help you stay on track. 📅 Tax Document Reminders Many tax forms, including 1099-Bs for investment accounts, won’t be available until late February. Be sure to check with your brokerage firm before sending partial documents. As you receive your tax [...]
