Reed’s Tax Service

10/22/2026

We are in Hot Springs this week for the Preserve Arkansas conference, taking a closer look at historic preservation tax credits and the planning needed to use them effectively. From applications and project approvals to qualifying expenses and tax reporting, getting the details right from the beginning matters.

These opportunities extend beyond Arkansas. Arkansas’s regular historic rehabilitation tax credit ranges from 25% to 40% of qualified expenses, depending on the property location, with different limits for income producing and non income producing properties. Mississippi offers a 25% state credit. Oklahoma offers a 20% state credit that can be combined with the 20% federal historic rehabilitation credit, potentially bringing combined credits to 40% of qualifying expenses.

The federal credit generally applies to qualifying income producing historic properties, not personal residences, while some state programs also cover eligible owner occupied homes. Eligibility, project approvals, expense limits, and the ability to use the credits all matter. These incentives can make a substantial difference in a restoration project financial feasibility, but they require careful planning.

At Reed’s Tax Service, we are continuing to build our knowledge of these programs so we can help clients evaluate the opportunities and understand the tax requirements. If you are planning a historic renovation or working through your project numbers, let us talk about what makes sense for your bottom line.

09/11/2026

04/20/2026

Tax season is finally behind us, and everyone takes a deep breath for the first time in months. Then the question hits, Now what?

If you filed an extension, this is the moment to get your paperwork together instead of letting it drift until September. An extension doesn’t make the tax go away. It just buys time, and that time disappears faster than people think.

If you did your own return or had someone else handle it and you’re not completely sure it was done right, come in and let us look it over. A review can catch the little things that turn into big things later. People are often surprised by what gets missed.

The rest of the year still matters. Watch for corrected 1099s that show up long after you thought everything was settled. Brokerage firms love to send updated statements in the middle of summer. K‑1s wander in whenever they feel like it. Anything that arrives out of season is usually important, even if it looks harmless.

If you change jobs, adjust your withholding, sell property, start a side business, take money out of retirement funds, or have any life shift that touches money, tell us. A short conversation now saves a headache next spring.

If you’re on an extension or want a second look at a return, reach out to the office or email [email protected]. We will get you on the calendar and make sure you’re on solid ground for the rest of the year.

04/15/2026

Another tax season is officially in the books—and we couldn’t be more grateful.

Thank you to everyone who trusted Reed’s Tax Service with your returns this year. Since 1943, this business has been serving clients far and wide, and it’s an honor to carry that legacy forward more than eight decades later. Your support truly keeps our doors open, and we never take that for granted.

Our office will be closed for the next two weeks so our team can take a well-earned break after the push to April 15. We will still be checking email and voicemail, so if something urgent comes up, you can reach us.

Thank you again for your continued trust in us.

M. Sean Reed, EA
Heather Reed
Michael Kretchmar, EA
and the Reed’s Tax Service Family

02/06/2026

If you claimed the Earned Income Tax Credit or the Additional Child Tax Credit and are wondering where your refund is, don’t panic. You can expect to get your refund by March 3 if:

• You filed your return online
• You chose to get your refund by direct deposit
• We found no issues with your return

However, some taxpayers may see their refunds a few days earlier. Check Where’s My Refund for your personalized refund date. Visit here for more info: www.irs.gov/refundtiming

01/27/2026

Snowed in? No problem! ❄️💻

Even on a snow day, you can get your taxes done from the comfort of your home! We offer secure, remote tax preparation—no need to brave the roads. Just upload your documents to our encrypted portal, and we’ll handle the rest.

Stay cozy, sip some cocoa, and let’s check “file taxes” off your to-do list! ✅

📩 call 479-244-7070 or email [email protected]

01/12/2026

As gets closer, you might consider hiring a to do your taxes. Free resources explain what differentiates one preparer from another and even share what red flags to watch out for. An IRS directory of preparers lists credentials and select qualifications to help you choose the right fit for you. Working with the right person can help reduce your tax bill or possibly get a refund.

Find the right tax professional for you at www.irs.gov/chooseataxpro.

01/12/2026

🎉 Tax Season is Here – Let’s Get Ready, Eureka Springs!

📬 It’s that time of year when important tax documents start arriving in your mailbox and inbox! Keep an eye out for W-2s, 1099s, K-1s, interest and dividend statements, and charitable giving summaries.

📅 Important Date: Since January 31 falls on a weekend, the deadline moves to Monday, February 2 for W-2s and most 1099s (including NEC, MISC, and K). Expect these forms by early February!

💡 Heads Up: Brokerage statements (1099-B, 1099-DIV) may arrive later, and if you have partnerships, S-corps, or trusts, K-1s might not show up until March.

✅ Pro Tip: Start a folder now! Gather charitable donation receipts, mortgage interest statements, property tax receipts, and any other documents that reflect income or deductions. Staying organized makes your appointment smooth and stress-free!

❓ Have questions about what you should be receiving or when something should arrive? We’re here to help!

📞 Call us at 479-244-7070 or ✉️ email [email protected]

01/11/2026

If you receive mail, email, or phone calls identifying as the IRS be sure to check with your tax professional to determine if it is legitimate.

New scam
This is not an official IRS document .
We have had report of some people receiving them.

01/08/2026

Please share
The IRS will begin accepting 2025 tax year 1040 filings on Monday, January 26. As we head into
a new tax season, the team at Reed’s Tax Service in Eureka Springs, Arkansas is ready to help
you get everything organized and filed correctly.
You don’t have to wait until the IRS opens to get started. If you already have your tax documents
together we can prepare your return ahead of time and have it
ready to transmit as soon as the IRS begins accepting returns on the 26th.
If you need us, call 479-244-7070 or email [email protected].