LCI Taxes - Serving Bunnell & Palm Coast, FL

05/29/2026

The Treasury Department has unveiled its new App for Trump Accounts. The department has also stated that it will be sending out information and instructions to eligible families who have already submitted Form 4547 in phases over the next 5ish weeks. These e-mails will ONLY come from the following e-mail address and remember to use caution when considering opening any e-mail from an unknown sender ...
[email protected]

If you have a child born between 1/1/2025 and 12/31/2028 the Treasury will make a $1,000 contribution to this account as part of its pilot program. Once 7/4/2026 passes parents, grandparents and other family members, employers, and non-profits can make contributions to these accounts as well.

For more information visit

Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.

05/18/2026

News from the IRS about those refund notices …

The IRS’s sending of about 1.4 million CP53E notices sparked concerns about errors and fraud. A release from the Taxpayer Advocate Service urged taxpayers to verify their accounts directly on IRS.gov.

05/12/2026

FYI / PSA - I have clients receiving notices that they are receiving refunds from the IRS ... except the notices are giving them credit for estimated payments they did not actually make. There is something major going wrong with the IRS as we are seeing 3-4 different kinds of notices going out with erroneous information. We are seeing notices that refunds are due to taxpayers who actually owed tax, these notices about refunds due to taxpayers with incorrect estimated payment information, an inability to properly process extension payments, and other issues. I'm not sure if their use of AI is to blame or the severe understaffing, but it's a mess!

04/24/2026

It appears that the IRS had some technical issues processing extension payments. If you received a letter from the IRS that your payment could not be processed AND you did not see the payment come out of your account please go directly to www.irs.gov/payments and make the payment on your own ASAP avoid penalties / interest. More info to come as I have it ...

Make payments, view your account or apply for a payment plan with the IRS.

04/02/2026

Just a friendly FYI as we quickly move towards the 4/15 tax filing deadline ... extensions do give you an extra 6 months to file your tax return - this does not extend your time to pay any tax due. ANY TAX IS DUE 4/15 REGARDLESS OF AN EXTENSION; if you need to file an extension and you think you may owe make a payment with your extension request. If you overpay you will get it back as a refund when you file!! :)

03/03/2026

It's coming fast ... March 15th is the due date for S-Corp and Partnership returns - this includes multi-member LLCs and LLCs that have elected to be treated as S-Corps!! Have questions? Need help? Call LCI Taxes at 386-586-3976. We can get an extension filed for your business so you don't get penalized.

02/05/2026

February 15th is the date when you should have most of your investment statements (Consolidated / Combined 1099) showing interest, dividends, capital gains, trading results from options / futures, etc. For most of you this means you can now feel the joy of completing your federal tax return!! :) Need help?! Call us at 386-586-3976

01/09/2026

BUSINESS OWNERS ... don't forget that 1099s must go out to your contractors by January 31st! If you need help call LCI Taxes at 386-586-3976.

01/08/2026

JUST ANNOUNCED - e-File will open on Monday 1/26/2026!

BUT, LCI Taxes works with a commercial tax software that is a part of the IRS's Modernized e-File Program and oftentimes we can submit prior to this opening date ... don't wait - give us a call and get your appointment as soon as you know you will have your documents.

Many W-2s are available ALREADY and most 1099s will be issued by the end of this month. Investment 1099s are normally issued by mid-February.

01/08/2026

This is your friendly reminder that your FINAL Estimated Payment for tax year 2025 is due 1/15/2026!
ALSO!!! Effective 1/1/2026 you can no longer mail in Estimated Payments with vouchers; payments must be made using EFTPS, www.irs.gov/payments, or through a third party payment processor (these come with a fee so only use them as a last resort - EFTPS and irs.gov are FREE).
ALSO!!! The IRS has moved away from all paper ... no more paper refund checks - your refunds must be direct deposited to your bank account. Payments for taxes will also need to be paid from a bank account.
You will need to provide your routing number and account number for the account you want to use for these purposes.
HAPPY 2026!!

Make payments, view your account or apply for a payment plan with the IRS.