K.L. Phillips Firm, LLC

08/09/2026

Partnership and S-Corp owners that filed an extension:

🗓️ Mark your calendar: September 15.

❌ What happens if you miss it: The IRS charges per-shareholder late fees that pile up fast, even if you owe $0 in taxes.

If we are already working on your return, please make sure you've uploaded your final financial statements to our portal. If you need a professional eye to cross the finish line, reach out today before our calendar fills up!

DM us or visit klphillips-ea.com to get started.

05/06/2026

We’re officially halfway through the year — which means it’s the perfect moment to pause, breathe, and make sure your tax situation is working for you, not against you.

A few smart mid‑year moves can save you stress (and money) when tax season rolls back around.

If you want a quick mid‑year review or just need someone to translate the tax jargon into plain English, I’ve got you. Grateful to help individuals, families, and small businesses stay confident and compliant all year long.

05/05/2026

Beautiful

04/30/2026

I’ve learned something over the years: most breakthroughs don’t show up with a spotlight… they sneak in disguised as consistency.
In business, people love to talk about the “big moment” — the new client, the expansion, the big idea that changes everything. But the truth is, those moments are usually built on a long trail of small, unglamorous decisions:
Showing up when you’re tired. Fixing the thing no one else noticed. Asking the uncomfortable question. Improving the process that “works fine” but could work better.
None of that makes headlines, but it’s exactly what moves the needle.
If you’re in a season where the results aren’t loud yet, don’t underestimate the quiet work you’re doing. That’s the part that compounds. That’s the part that builds trust. That’s the part that separates professionals from pretenders.
Keep stacking the small wins. They add up in ways you don’t see until suddenly… everyone else calls it momentum.

04/30/2026

I’ve learned something over the years: most breakthroughs don’t show up with a spotlight… they sneak in disguised as consistency.
In business, people love to talk about the “big moment” — the new client, the expansion, the big idea that changes everything. But the truth is, those moments are usually built on a long trail of small, unglamorous decisions:
Showing up when you’re tired. Fixing the thing no one else noticed. Asking the uncomfortable question. Improving the process that “works fine” but could work better.
None of that makes headlines, but it’s exactly what moves the needle.
If you’re in a season where the results aren’t loud yet, don’t underestimate the quiet work you’re doing. That’s the part that compounds. That’s the part that builds trust. That’s the part that separates professionals from pretenders.
Keep stacking the small wins. They add up in ways you don’t see until suddenly… everyone else calls it momentum.

03/28/2026

Hobby Farming or Business Farming

The Tax Court applied the hobby loss rules under Sec. 183 to disallow losses from a taxpayer’s ranch.