Tax Integrity LLC

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Tax Integrity LLC Tax preparation, planning, and IRS representation for individuals and small businesses. Focused on clarity, compliance, and avoiding costly mistakes.

Individual & small business support. Serving NY, NJ, PA, CT, CA — Nationwide.

Educators Have New Options to Deduct 2026 Classroom Expenses – Did You Know?If you work as a K–12 teacher, instructor, c...
10/19/2026

Educators Have New Options to Deduct 2026 Classroom Expenses – Did You Know?

If you work as a K–12 teacher, instructor, counselor, principal or aide for at least 900 hours during the school year at a qualifying school, you may be able to deduct qualifying unreimbursed classroom expenses on your tax return.

For 2026, eligible educators may deduct up to $350 of qualifying expenses as an above-the-line deduction without itemizing, or up to $700 for a married couple filing jointly if both qualify, with a limit of $350 each.

Additionally, a new itemized deduction is available beginning in 2026 for educator expenses, with no separate dollar cap. You must itemize deductions to claim this additional deduction. It is also available to interscholastic sports administrators and coaches who meet the K–12 school and 900-hour requirements, and may cover additional expenses.

Eligible educators may claim both deductions, as long as the expenses used to figure each deduction do not overlap. A tax professional can help you determine whether you qualify and which deduction strategy yields the greatest possible tax savings.

If you own an S-corp, how you pay yourself can matter as much as how much you earn.S-corporations generally let profits ...
10/16/2026

If you own an S-corp, how you pay yourself can matter as much as how much you earn.

S-corporations generally let profits pass through to the owner’s return, and many owners take part of their income as wages (reported on a W-2) and part as distributions. The IRS expects shareholder-employees who perform services to receive “reasonable compensation” as wages. If wages are set too low, an IRS review may reclassify distributions as wages—potentially increasing payroll taxes, penalties, and paperwork.

Practical takeaway: pay yourself like the role you actually perform. Keep support for your pay level (duties, time spent, comparable market pay, business profitability) and revisit it as your business changes.

Tax Planning with Tax Integrity LLC can help align pay structure with compliance and your broader tax strategy. Want us to review your setup before it becomes an issue?

If your income isn’t getting a regular W‑2 paycheck withholding, your tax bill can sneak up fast.Estimated tax payments ...
10/15/2026

If your income isn’t getting a regular W‑2 paycheck withholding, your tax bill can sneak up fast.

Estimated tax payments are generally how the IRS expects many self‑employed individuals, business owners, and investors to pay federal tax during the year—especially when income comes from 1099 work, K‑1s, dividends/interest, rental income, or capital gains. When payments (and/or withholding) are too low, an underpayment penalty may apply—even if you pay in full at filing.

Mid‑year is a smart time to review year‑to‑date income, deductions, and withholding, and then adjust your estimated payments or W‑4. Proactive Tax Planning with Tax Integrity LLC can help you project the year and build a payment strategy that fits your situation.

Want a quick estimate-tax checkup? Reach out to Tax Integrity LLC to schedule a planning conversation.

If a big tax bill caught you off guard before, now is a smart time to course-correct.Many taxpayers—especially self-empl...
10/14/2026

If a big tax bill caught you off guard before, now is a smart time to course-correct.

Many taxpayers—especially self-employed, investors, and business owners—may need to pay federal estimated taxes during the year when enough tax isn’t withheld from wages. Common triggers include freelance/1099 income, S corporation or partnership pass-through income, large capital gains, retirement distributions, or reduced withholding.

A mid-year review can help you estimate your full-year income, adjust wage withholding, and/or plan estimated payments based on your actual results—not last year’s return. This is exactly where proactive Tax Planning adds value: coordinating income timing, deductions, and cash flow so tax season feels controlled.

Want a quick estimated-tax checkup? Tax Integrity LLC can help you map a plan for the rest of the year.

Seeing a losing stock position in your portfolio? Before you ignore it, consider the tax angle.In general, capital losse...
10/13/2026

Seeing a losing stock position in your portfolio? Before you ignore it, consider the tax angle.

In general, capital losses can offset capital gains. If your losses are more than your gains, you may be able to use a portion of the excess loss against other income, with the remainder carried forward—subject to IRS limits and your specific situation.

Timing matters: selling at a loss can be helpful, but IRS “wash sale” rules may disallow a loss if you buy the same or substantially identical investment too soon before or after the sale. Also, gains/losses can be short-term or long-term, which affects how they’re netted.

Tax Planning with Tax Integrity LLC can help you coordinate investment activity with your broader tax picture—before year-end surprises. Want us to review your capital gains/losses strategy?

October 15 Filing Extension DeadlinesTaxpayers who timely requested an extension to file their 2025 federal income tax r...
10/12/2026

October 15 Filing Extension Deadlines

Taxpayers who timely requested an extension to file their 2025 federal income tax returns generally must file by Thursday, October 15, 2026. The same deadline generally applies to calendar-year C corporations that received an extension to file their 2025 corporate returns (Form 1120).

In addition, U.S. persons with a financial interest in or signature authority over foreign financial accounts whose combined value exceeded $10,000 at any time during 2025, and who are required to file a Report of Foreign Bank and Financial Accounts (FBAR), generally must file by October 15, 2026. The FBAR extension is automatic; no extension request is necessary.

Selling stocks, crypto, or other investments? One detail can change how your gain is taxed: how long you held the asset....
10/12/2026

Selling stocks, crypto, or other investments? One detail can change how your gain is taxed: how long you held the asset.

In general, a sale is “short-term” if you owned the asset for one year or less, and “long-term” if you held it for more than one year. That holding period can affect which tax rates apply and how the transaction fits into your overall return (including capital loss planning).

Practical takeaway: before you click “sell,” confirm your purchase date(s)—especially with lots, partial sales, and reinvested dividends. Proactive Tax Planning with Tax Integrity LLC can help you coordinate timing, lot selection, and loss harvesting with your broader income picture—well before tax season.

Want a quick review of your upcoming sales? Let’s talk.

Selling a stock, crypto, or other investment can create a tax bill—even if you reinvest the proceeds.In general, your ta...
10/11/2026

Selling a stock, crypto, or other investment can create a tax bill—even if you reinvest the proceeds.

In general, your taxable capital gain is the selling price minus your tax basis (typically what you paid, adjusted for certain events). How long you held the asset can also affect how it’s taxed, and losses may be usable to offset gains—subject to IRS limits and your specific facts.

Practical takeaway: before you click “sell,” confirm your cost basis and holding period, and consider timing—especially if you have gains, losses, or a major income change this year. Proactive Tax Planning can help model scenarios, coordinate trades with your broader return, and reduce surprises at filing time.

Want a quick strategy check? Tax Integrity LLC can help you plan before the transaction—not just report it after.

Selling stocks, crypto, or other investments? Don’t wait until tax time to think about capital gains.In general, your ta...
10/10/2026

Selling stocks, crypto, or other investments? Don’t wait until tax time to think about capital gains.

In general, your taxable gain (or loss) is based on what you sold it for minus your cost basis (what you paid, adjusted for certain events). Good records matter—especially if you reinvested dividends, bought in multiple lots, paid transaction fees, or received assets through gifts or inheritance. Missing basis information can lead to reporting a higher gain than necessary.

Before you sell, consider timing (this year vs. next), how gains and losses may net, and whether harvesting losses fits your situation. Tax Planning with Tax Integrity LLC can help you model scenarios and coordinate investment activity with your overall tax strategy. Message us to schedule a planning review.

S-corp owners: paying yourself “just distributions” can create IRS risk.If you materially participate in the business, t...
10/09/2026

S-corp owners: paying yourself “just distributions” can create IRS risk.

If you materially participate in the business, the IRS generally expects wages for services performed. Wages are subject to payroll taxes and require proper payroll filings, while shareholder distributions are handled differently. When compensation is unreasonably low compared to your role and the company’s economics, the IRS may reclassify distributions as wages—potentially leading to back payroll taxes, penalties, and extra paperwork.

Practical takeaway: review your pay structure before year-end or before a big profit jump. Document what you do, your time, and how your pay compares to market and business profitability.

Tax Planning with Tax Integrity LLC can help you set a defensible compensation approach and keep payroll and income tax reporting aligned. If you’re unsure, let’s schedule a strategy review.

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