Ten SixtySix Tax Advisory Group

Ten SixtySix Tax Advisory Group We provide tax planning and preparation for individuals and businesses. No annoying advisory and financial lingo. We also shift our focus to tax planning.

Just straight, authoritative and friendly advice. Visit us: www.tensixtysixllc.com
Or give us a call: (918) 770-9600 Imagine sitting around the kitchen table with a group of friends and neighbors, casually discussing taxes and ways to save money. That’s where our story begins, way back in 1979. Fast forward a few decades and our humble tax preparation operation has grown to serve clients in all 50

states and even some foreign countries. But despite our growth, one thing has remained constant: our commitment to YOU. We understand that everyone’s financial situation is unique, and that’s why we don’t just focus on how much money you make, but rather how much money you get to keep. After all, there are only four things you can do with your money: save it, spend it, pay taxes with it, or give it away. And the amount of money allocated to one option directly impacts the amount available for the others. That’s why we offer our knowledge and experience in providing tax advice to custom-tailor a holistic approach. We’ll work together to lower your tax liability and ensure that you’re keeping as much of your money as possible. But our services don’t stop at tax preparation. Tax preparation is all about putting the best spin on what has already happened, but tax planning is about creating and implementing legal and ethical strategies to reduce the amount of tax you pay in the years to come. So, whether you need tax planning and preparation or personal financial planning, we’ll help you create strategies that allow you to keep more of your money. We’ll make the process of managing your finances feel easy and enjoyable. Join our family of satisfied clients today! Hours of Availability:
• Tax Season (Last week of Jan – April 15th): 8:30 am-6:30 pm Monday-Friday
• Off Season( May 1st - January 15th): 9:00 am - 3:00 pm Monday-Wednesday
⇒ Other times available by Appointment

In general, companies can deduct rent as a business expense on their federal tax return. However, several rules limit th...
07/02/2026

In general, companies can deduct rent as a business expense on their federal tax return. However, several rules limit this tax break. For example, payments made under a conditional sales contract aren’t deductible as rent. And you can’t deduct “unreasonable” rent. This means it’s higher than market value, such as inflated rent paid to a “related person.” If you pay in advance, you can only deduct rent that applies to your use of the property during the tax year. (You’ll be able to deduct the rest in the year to which the payment applies.) On the other hand, you can usually deduct expenses you’ve paid to cancel a business lease. For help identifying deductible expenses, contact us at (918) 770-9600.

Avoid underpayment penalties by staying on top of estimated tax payments and paycheck withholding. If you expect to owe ...
07/01/2026

Avoid underpayment penalties by staying on top of estimated tax payments and paycheck withholding. If you expect to owe at least $1,000 in taxes after subtracting credits and withholding, quarterly estimated payments may be required. Withholding and estimated payments must generally cover 90% of this year’s tax or 100% of last year’s tax (or 110%, depending on your income). Unsure if you’re on track? Let’s review your situation now to help avoid surprises when you file your 2026 return next year. Call us at (918) 770-9600.

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, w...
07/01/2026

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, when your loved one inherits an asset, its tax basis is “stepped up” to its fair market value at the time of your death. If the heir later sells the asset, he or she will owe capital gains tax only on any appreciation after your date of death, rather than on the entire gain since you acquired it. Investment accounts, business interests, real estate and personal property are among the assets affected by the stepped-up basis rules. Call us at (918) 770-9600 for details.

If you’ve recently lost your job, you’re likely focused on replacing income and evaluating your next steps. But some tax...
06/30/2026

If you’ve recently lost your job, you’re likely focused on replacing income and evaluating your next steps. But some tax implications related to a job loss may also require attention. For example, unemployment compensation and severance pay are generally taxable, at least at the federal level. And health insurance premiums you’d been paying pre-tax from your paycheck may now have to be paid after-tax — though you might be able to deduct them. There are also tax consequences to consider in relation to your retirement plan with your former employer or withdrawing funds from an IRA to replace some of your lost income. If you’d like guidance, contact us at (918) 770-9600.

Your financial life is more interconnected than you may realize. Your tax, retirement and estate planning should work to...
06/29/2026

Your financial life is more interconnected than you may realize. Your tax, retirement and estate planning should work together to support your goals today and protect your legacy tomorrow. We can help you bring it all together with a coordinated strategy to reduce taxes, build retirement savings and achieve your estate planning objectives. Contact us at (918) 770-9600.

Complex federal income tax rules apply to self-created intangible assets. Sales of self-created intangibles that qualify...
06/25/2026

Complex federal income tax rules apply to self-created intangible assets. Sales of self-created intangibles that qualify as capital assets — such as goodwill and customer lists — generate capital gains or losses (with gains typically taxed at 15% or 20%).

However, sales of noncapital self-created intangibles — such as certain patents and copyrights — may be subject to ordinary income tax rates, which can be as high as 37%. In short, the type of asset, who created it and who owns it can matter.

If you’re planning to sell or transfer intangible assets, we can help you understand the federal tax implications before your deal is finalized. Call us at (918) 770-9600 to learn more.

Beginning in 2026, a new 0.5% “floor” applies to charitable deductions for taxpayers who itemize. This generally means t...
06/24/2026

Beginning in 2026, a new 0.5% “floor” applies to charitable deductions for taxpayers who itemize. This generally means that only qualified charitable contributions that, in aggregate, exceed 0.5% of your adjusted gross income will be deductible if you itemize deductions. But a charitable deduction for cash donations is now available to nonitemizers. We can help you develop a tax-smart charitable giving strategy for 2026. Contact us at (918) 770-9600.

Many parents don’t know that the “kiddie tax” exists. Others assume it affects only minor children. But it also can appl...
06/23/2026

Many parents don’t know that the “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time students through age 23 and 18-year-olds even if they aren’t full-time students. When it applies, the child’s unearned income in excess of $2,700 (for 2026) is taxed at the parent’s tax rate, if higher. If your child has investment income from custodial accounts, consider reviewing the types of investments in those accounts. Growth-oriented investments that generate little current income may help reduce exposure to the kiddie tax until your child is old enough that the tax no longer applies. If you’d like help evaluating your family’s situation, call us at (918) 770-9600.

Now is the perfect time to tidy up your QuickBooks files. Unreconciled accounts, uncategorized transactions and outdated...
06/22/2026

Now is the perfect time to tidy up your QuickBooks files. Unreconciled accounts, uncategorized transactions and outdated records can distort your cash flow and profitability. Even with QuickBooks’ automation tools and AI-enabled features, consistent review and oversight are essential. Don’t forget your chart of accounts! An outdated or cluttered chart can muddy your results, making it harder to understand your true performance. Clean books support better financial decisions and smoother tax filings. Call us at (918) 770-9600 to help get your bookkeeping in top shape.

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think aga...
06/18/2026

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many owners are eligible without realizing it because of various deductions for the self-employed. A Roth IRA offers potential advantages over tax-deferred accounts. Although Roth contributions aren’t deductible, qualified withdrawals won’t be taxed. And you aren’t required to take withdrawals from your Roth IRA, meaning the account can continue to grow tax-free. Your heirs can also take tax-free withdrawals. For help evaluating your Roth IRA eligibility and developing a long-term retirement strategy that aligns with your personal and financial goals, contact us at (918) 770-9600.

Address

500 N Elm Place
Broken Arrow, OK
74012

Opening Hours

Monday 9am - 3pm
Tuesday 9am - 3pm
Wednesday 9am - 3pm

Telephone

+19187709600

Website

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