Accounting Associates Inc.

06/11/2026

The U.S. Treasury has launched the Trump Accounts app, which families can use to activate and manage savings accounts for eligible children before the program officially begins on July 4, 2026.
• The app is available on major mobile app stores.
• It is the primary platform for managing Trump Accounts (also called 530A plans).
• These accounts are a new type of tax-advantaged savings account for children, created under the One Big Beautiful Bill Act.
• Parents or legal guardians who have already chosen to open an account by submitting IRS Form 4547 will receive activation emails.
• Account setup can be completed through the app or online via the official Trump Accounts website.

“The Treasury Department says Trump Account activation emails will be sent out gradually, but accounts cannot receive any contributions until July 4, 2026. This includes money from family members, employers, charities, governments, and the Treasury's planned $1,000 contribution for eligible children.”

The government is also warning families about potential scams during the rollout:
• Official activation emails will come only from [email protected].
• Treasury will not call or text families about activation.
• Unexpected calls or texts claiming to help activate an account should be treated as scams.
• Families should use only the official app or manually enter the Trump Accounts website address rather than relying on search results, which may contain fake sites or misleading ads.
• Opening and activating a Trump Account is free, and no one should pay a third party for assistance.

For more information we encourage you to go online to the https://www.irs.gov/trumpaccounts website and learn more about it!

Trump Accounts are a historic new savings tool created under the One Big Beautiful Bill to give children in America a real financial head start.

04/28/2026

Where's My Refund?

Are you wondering the status of your tax refund? If you are owed a tax refund you can go to the following websites or call to check on your refund. You will need to know your social security number, the year of the tax return, how you filed such as single, married filing jointly, or head of household, and the amount of your refund with no decimals or cents.

For federal returns
www.irs.gov, Where's My Refund? or call 800-829-4477.

For state returns
www.revenue.wi.gov, Where's My Refund? or call 866-947-7363.

Accounting Associates would also be happy to help you look up the information.

04/11/2026

Need more time to file? Don’t panic. Ask your tax preparer to request an extension.

The April 15 deadline to file federal income tax returns is coming up fast. Taxpayers who need more time to file, should request an extension by the filing due date. An extension gives people until October 15 to file without penalties.

It’s important to know, the extension is only for filing a return and not for extra time to pay, if taxes are owed. Taxpayers are still obligated to pay taxes due on April 15, 2026, to avoid penalties and interest.

People who can’t pay the full balance owed by April 15 should still pay what they can and apply for a payment plan, also called an installment agreement or online payment agreement. Most applicants receive immediate notification of approval or denial, without having to call or write to the IRS.

Remember; it is better to file an accurate tax return with an extension than to file an incorrect return you will have to fix later. Your tax preparer will be happy to help you file an extension if needed.