Knapp Business Solutions

Knapp Business Solutions Knapp Business Solutions was established in 1984 by Jerry Knapp.

Throughout the decades, the trusted professionals at KBS have valued their clients’ bookkeeping, payroll and income tax needs.

The immediate tax savings shouldn’t be the only number in this decision.Opting out can affect benefits you may otherwise...
09/24/2026

The immediate tax savings shouldn’t be the only number in this decision.

Opting out can affect benefits you may otherwise rely on years from now. Before making that election, make sure you understand what you’re giving up—and how you plan to replace it.

🎥 Full episode: https://youtu.be/1dEBze3cAQE

09/23/2026

There’s a deadline for ministers considering opting out of Social Security and Medicare taxes.

And there’s another important piece: this isn’t simply an election to save money. The exemption is tied to a genuine religious or conscientious objection.

🎥 Full episode: https://youtu.be/1dEBze3cAQE

Happy 50th Birthday, Tracie! 🩷🎉If you know KBS, you know Tracie is pretty much the glue that keeps all of us on track. S...
09/23/2026

Happy 50th Birthday, Tracie! 🩷🎉

If you know KBS, you know Tracie is pretty much the glue that keeps all of us on track. She knows what’s going on, where it is, who needs it, and probably what you forgot to do. There’s a reason “Just Ask Tracie” became a thing around here. 😂

So for the big 5-0, we covered the office in pink and celebrated appropriately—with one of her favorites: açaí bowls! Specifically the Monkey Bowl. 🍓🍌

We’re incredibly lucky to have her, and we hope she feels very loved today.

Happy Birthday, Tracie!! Here’s to 50! 🥳🩷

“Tax-free housing allowance” doesn’t tell the whole story.For ministers who haven’t opted out, housing can still be incl...
09/23/2026

“Tax-free housing allowance” doesn’t tell the whole story.

For ministers who haven’t opted out, housing can still be included when calculating self-employment tax.

That’s a detail you definitely want to understand before you’re staring at the tax bill.

🎥 Full episode: https://youtu.be/1dEBze3cAQE

09/22/2026

Opting out of Social Security and Medicare taxes as a minister isn’t a decision you make casually.

Once the election is made, opportunities to opt back in have historically been extremely rare.

🎥 Full episode: https://youtu.be/1dEBze3cAQE

“Tax-free housing” can be a little misleading for ministers.A qualifying housing allowance may reduce federal income tax...
09/22/2026

“Tax-free housing” can be a little misleading for ministers.

A qualifying housing allowance may reduce federal income tax, but self-employment tax can still apply.

That’s an important number to know before you get to tax time.

🎥 Full episode: https://youtu.be/1dEBze3cAQE

Pastor taxes have some rules all their own. 😅Housing allowances, self-employment tax, opting out of Social Security—and ...
09/21/2026

Pastor taxes have some rules all their own. 😅

Housing allowances, self-employment tax, opting out of Social Security—and some decisions that can be very difficult to undo.

We’re breaking it all down on the new Tax.Pro Show.

🎥 Watch here: https://youtu.be/1dEBze3cAQE

When family disagreements spill into tax season, things can get complicated quickly.If two people claim the same child, ...
09/20/2026

When family disagreements spill into tax season, things can get complicated quickly.

If two people claim the same child, the IRS doesn't decide based on promises, verbal agreements, or who filed first. It looks at the facts, documentation, and tax rules.

That's why dependency disputes often become tax problems.

🎥 Watch the full episode:
https://youtu.be/7Wnw2hn7uW0

09/19/2026

What happens when a court order says one parent can claim the child—but the other parent claims them anyway?

Unfortunately, that's where things can get messy.

Dependency disputes often involve more than tax rules. They can involve court orders, custody agreements, and a lot of paperwork to sort everything out.

🎥 Watch the full episode:
https://youtu.be/7Wnw2hn7uW0

09/18/2026

When it comes to claiming dependents, paperwork matters.

But sometimes the best solution isn't found in a tax form—it's found in communication.

For parents sharing custody, being reasonable and working together can save everyone a lot of time, stress, and IRS headaches.

🎥 Watch the full episode:
https://youtu.be/7Wnw2hn7uW0

Address

1001 S Harrison Street
Amarillo, TX
79101

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 1pm

Telephone

+18063729016

Website

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