Ssquare Inc -Tax & Accounting

06/02/2026

🥇 WE’RE #1 IN DAVIS! 🥇
SSquare Inc has been ranked the #1 Tax Preparation Service in Davis, CA — Best of 2026 by BusinessRate, powered by Google Reviews! ⭐⭐⭐⭐⭐
This award is a reflection of YOUR trust and support. Thank you to every client who chose us — we don’t take that lightly. 🙏

05/04/2026

All U.S. children under 18 with a valid Social Security number are eligible to establish a Trump Account. Parents can register their children at https://trumpaccounts.gov

04/16/2026

Feeling accomplished and proud to have completed another tax season! Grateful for all my amazing clients, referrals, and support throughout the season. Thank you for trusting us with your tax and accounting needs. Now it’s time to recharge and get ready for what’s next!

03/12/2026

📚 Education Tax Credits

There are two main education credits available:

1️⃣ American Opportunity Tax Credit (AOTC)
• Up to $2,500 per eligible student
• Available for the first four years of higher education
• Student must be pursuing a degree or recognized credential
• Partially refundable – up to $1,000 may be refunded

2️⃣ Lifetime Learning Credit (LLC)
• Up to $2,000 per tax return per year
• Available for all years of post-secondary education
• Can be used for job skill improvement courses
• Unlimited number of years

📌 Taxpayers can claim either AOTC or LLC — but not both in the same year.
To claim these credits, Form 8863 (Education Credits) must be filed with your federal tax return.

💰 Education-Related Deduction

Student Loan Interest Deduction
• Deduct up to $2,500 in student loan interest paid
• Available if income is $85,000 – $100,000 (or $170,000 – $200,000 for joint filers)

Education can be a great investment in your future — and these tax benefits can help make it more affordable.

02/20/2026

Missing W-2 or 1099-R? Here’s What To Do

Still waiting on your Form W-2 or Form 1099-R?

If you haven’t received your form by February 2, 2026, or the information on it is incorrect, here’s what to do:

✅ Step 1: Contact your employer or payer immediately.
✅ Step 2: If you still don’t receive a corrected copy by the end of February, call the IRS at 800-829-1040.

📌 When calling the IRS, have ready:
• Your full name, address, ZIP code, birthdate & SSN/ITIN
• Employer/payer’s name, address & EIN (if available)

The IRS will contact your employer and may send you Form 4852 (Substitute W-2 or 1099-R) with instructions.

If you must file before receiving the corrected form, you can use Form 4852 and estimate your income and withholdings.

⚠️ Important:
If you later receive the correct form and it’s different from your estimate, you’ll need to file Form 1040-X (Amended Return).

02/17/2026

🚨 Common Tax Return Mistakes to Avoid in 2026 🚨

Mistakes happen — but many tax return errors are easily avoidable. Before filing your federal income tax return, always review it carefully for accuracy and completeness.

👉 Even if someone else prepares your return, it’s ultimately your responsibility to ensure everything is correct.

Here are some common mistakes to watch out for:

🔹 Filing Too Soon
Make sure you’ve received all tax documents (W-2s, 1099s, K-1s, etc.) before filing. You can verify tax records through your IRS Online Account.

🔹 Incorrect Filing Status
Choose only one filing status — and make sure it’s the right one. Your filing status impacts your tax rate, credits, and deductions.

🔹 Inaccurate Income Reporting
Carefully enter all wages, dividends, bank interest, and other income exactly as reported on your tax documents.

🔹 Misspelled Names or Missing SSNs
Names and Social Security Numbers must match exactly as they appear on Social Security cards. Even small errors can delay processing.

🔹 Credits & Deductions Errors
There are new deductions and changes to certain credits for 2026. Make sure calculations are correct and you have proper documentation.

🔹 Unsigned Returns
An unsigned return is invalid. For joint returns, both spouses must sign (unless a valid Power of Attorney applies).

🔹 Incorrect Bank Information
Double-check routing and account numbers when choosing direct deposit. One small typo can delay your refund.

01/30/2026

📑 Why keep old tax records?

They’re often needed for future tax filings, loan applications, or income verification.

Taxpayers can access prior-year information by:
• Logging into their Online Account
• Contacting their tax preparer or software provider
• Requesting a free transcript from the IRS

Planning ahead makes tax season smoother.

Ssquare Inc -Tax & Accounting

01/23/2026

01/23/2026

The Earned Income Tax Credit (EITC) helps make American working families stronger. Did you know one out of five eligible workers don't claim ? On this , the is spreading the word about this credit so you don't miss out. There are free resources available to help you figure out if you're eligible to claim it and to file your tax return.

Find out if you're eligible at www.irs.gov/eitc.

01/08/2026

The announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. You will have until Wednesday, April 15, 2026, to file your 2025 tax returns and pay any tax due. Don’t forget that IRS.gov has online tools and resources you can use before, during and after filing your federal tax return. For a list of filing season tools, reminders and resources, read: https://ow.ly/1yqq50XTweL