What are the opening hours?

Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 4pm

Valhalla Tax Services LLP

Home
United States
Glendale, AZ
Valhalla Tax Services LLP

Call Directions Website Contact the business

We specialize in Tax Planning, Tax Preparation, Tax Resolution, and Financial Planning

11/12/2026

IRS Penalty on Your Notice? Don’t Automatically Assume It’s Final!

A mistake I see too often is someone receiving an IRS notice, seeing a penalty, and thinking, “I guess I just have to pay it.”

Not necessarily.

The IRS recently introduced the Automatic Exemption from Penalty, or AEP, for certain taxpayers with a history of filing and paying on time. Eligible taxpayers may automatically receive relief from certain:
-Failure-to-file penalties;
-Failure-to-pay penalties; and/or
-Failure-to-deposit penalties.

Not every taxpayer, tax return, or penalty qualifies, and AEP does not eliminate the underlying tax or interest. However, if automatic relief does not apply, other options may still be available depending on the circumstances, including reasonable-cause relief or another administrative waiver.

The lesson: An IRS balance can include tax, penalties, and interest. Each part should be evaluated separately. Before automatically paying an IRS penalty, make sure the notice is accurate and determine whether relief may be available.

Have an IRS notice? Contact our office or direct message me for further information.

Scott Kunz
Valhalla Tax & Finance LLC

11/11/2026

This Veterans Day, we honor all those who have served our country with courage, sacrifice, and commitment.

As a United States Marine Corps veteran, I understand that military service leaves a lasting impact; not only on those who wear the uniform, but also on the families who stand beside them.

To every veteran in our community and across the nation: thank you for your service.

And to my fellow Marines: Semper Fi.

Scott Kunz
Valhalla Tax & Finance LLC

11/09/2026

Estate Planning Misconception: Thinking It’s Only for the Wealthy.

The federal estate-tax exclusion is $15 million per individual for 2026. Does that mean most families don’t need an estate plan?

Absolutely NOT.

Estate planning is about much more than federal estate tax. A properly coordinated plan can help determine:
-Who receives your assets;
-Who manages your finances if you become incapacitated;
-Who makes medical decisions for you;
-Who handles your estate after your death;
-Whether your beneficiaries match your will or trust;
-What happens to a business you own;
-How inherited assets may be treated for tax purposes;
-How your surviving spouse’s tax situation could change.

Married couples should also understand portability. In certain situations, filing a federal estate-tax return after the first spouse’s death can preserve that spouse’s unused federal estate-tax exemption, even when no estate tax is owed.

The lesson: Estate planning shouldn’t begin with, “Am I wealthy enough to owe estate tax?” It should begin with: “If something happens to me, are my legal, financial, and tax affairs organized the way I want them to be?”

Need more information? Contact our office or comment ESTATE below.

Scott Kunz
Valhalla Tax & Finance LLC

11/05/2026

Year-End Investment Planning: Tax-Loss Harvesting Is Only Half the Strategy

Most investors know about tax-loss harvesting, selling an investment at a loss to offset capital gains. But losses are only half of the planning conversation.

Capital-gain harvesting involves intentionally realizing gains when your current tax situation may be more favorable than it could be in the future.

Depending on your circumstances, year-end planning may include:
-Selling investments at a loss to offset gains;
-Using up to $3,000 of excess net capital losses against other income;
-Carrying unused losses into future years;
-Realizing long-term gains during a lower-income year;
-Coordinating gains with IRA withdrawals or Roth conversions; and/or
-Considering Medicare IRMAA and other tax consequences.

The wash-sale rule also matters. A loss may be disallowed if you purchase the same or a substantially identical investment within 30 days before or after the sale. Automatic reinvestments and purchases in other accounts may count.

The lesson: Year-end planning is not about automatically selling every investment that has declined. It is about deciding which gains or losses (if any) make sense based on your complete tax and financial picture.

Investment and tax decisions should be coordinated.

Scott Kunz
Valhalla Tax & Finance LLC

10/29/2026

Don't Wait Until Tax Season to Think About Retirement Contributions

By late October, business owners and higher-income employees usually have a much clearer picture of what 2026 income will look like. That makes now a much better time to review retirement contributions than waiting until the tax return is being prepared.

Depending on the situation, year-end planning may include:
- Increasing pre-tax 401(k) contributions,
- Reviewing Roth vs. pre-tax contributions,
- Evaluating Solo 401(k), SEP, or other business retirement options,
- Coordinating employer contributions,
- Checking how retirement contributions affect the overall tax projection.

The key is not to contribute simply because “it lowers taxes.” A retirement contribution should fit both the tax plan and the financial plan. For some clients, contributing more before year-end can reduce taxable income while building long-term savings. For others, preserving cash flow may be more important.

The lesson: Coordinate your retirement contributions with your 2026 income, taxes, savings goals, and cash flow before the year is over.

Considering an additional retirement contribution? Comment RETIREMENT below or contact our office to discuss whether an analysis makes sense.

Scott Kunz
Valhalla Tax & Finance LLC

10/26/2026

Tax Mistake: Treating a Roth Conversion as an “All or Nothing” Decision

As year-end approaches, you may be wondering whether you should convert money from a Traditional IRA to a Roth IRA. A common mistake is assuming the choices are: Convert Everything OR Convert Nothing.

The better question is: How much, if any, should you convert this year? A properly sized Roth conversion can depend on:
- Your current tax bracket
- Other 2026 income
- Capital gains and Social Security
- Future required minimum distributions
- Medicare IRMAA exposure
- Charitable-giving plans
- Your expected tax situation in retirement

For example, a $40,000 conversion may keep you within your target tax bracket, while a $140,000 conversion could push part of your income into a higher bracket or cause other unintended tax consequences. And sometimes, the right conversion amount is zero!

A Roth conversion generally creates taxable income to the extent it includes previously untaxed IRA dollars. It should be evaluated carefully because Roth conversions generally cannot be reversed later.

The lesson: A Roth conversion should be calculated, not guessed.

Considering a Roth conversion for 2026? Comment ROTH below or contact our office to discuss whether an analysis makes sense for you.

Scott Kunz
Valhalla Tax & Finance LLC

10/21/2026

Tax Mistake I See Too Often: Waiting Until December to Fix Withholding

By late October, many taxpayers already have a good idea whether their 2026 income will be higher than expected.

Maybe you:
- changed jobs;
- received larger bonuses or commissions;
- worked more overtime;
- earned more business income;
- took retirement distributions; or
- realized investment gains.

If withholding or estimated payments haven’t kept up, waiting until December can leave very little time to correct the problem.

The good news is that there may still be options! Depending on your situation, there may still be time to review:
- federal and Arizona withholding;
- estimated tax payments;
- retirement contributions; and
- other year-end tax-planning opportunities.

The lesson: Don’t wait for your tax return to reveal that you were underpaid all year.

October is a much better time to find out, and you may still have time to do something about it! If you’re unsure whether your 2026 tax payments are on track, comment REVIEW below.

Scott Kunz
Valhalla Tax & Finance LLC

10/19/2026

Buying Something Just Because It’s a “Write-Off”

As year-end approaches, business owners often hear, “Buy it before December 31 so you can write it off.” Sometimes that makes sense. Sometimes it creates an unnecessary expense.

A deduction does not reimburse the purchase. If your business spends $50,000 on equipment it doesn’t need, you may reduce taxable income, but you still spent $50,000.

Before making a year-end purchase, ask:
• Does the business actually need it?
• Will it improve revenue, productivity, or profitability?
• How will it affect cash flow?
• What deduction is actually available?
• Would buying it next year make more sense?

Don’t spend $1 solely to save a fraction in taxes. Make the business decision first. Then determine the most beneficial tax treatment.

Considering a major business purchase before year-end? Comment PURCHASE below.

Scott Kunz
Valhalla Tax & Finance LLC

10/15/2026

October 15th Is the Deadline. But Your Tax Work Shouldn’t End Today.

For many taxpayers who requested an extension, today is the deadline to file their 2025 federal income tax return. Once the return is completed, however, there is another question worth asking: What does the return reveal that may still need attention in 2026?

A completed return can uncover patterns and planning opportunities:
• A large balance due may mean withholding or estimated payments need adjustment.
• Strong Schedule C income may warrant a closer look at entity structure or retirement-plan options.
• Large traditional IRA balances may create Roth-conversion or future RMD-planning opportunities.
• Significant capital gains may make year-end gain-and-loss planning worthwhile.
• Business owners may still have time to review payroll, retirement contributions, reimbursements, and legitimate year-end purchases.

Finishing the 2025 return satisfies an important filing requirement. It may also provide the information needed to make better decisions before December 31.

If your return revealed a concern, or you want to determine whether action is still available for 2026, comment the word REVIEW.

Scott Kunz
Valhalla Tax & Finance LLC

10/12/2026

S-Corp Owners: Don’t Wait Until December to Review Your Salary!

If you own an S-Corporation, October is a good time to review your 2026 numbers. One issue I see misunderstood far too often is reasonable compensation.

Reasonable compensation depends on the facts, including:
• The work you perform
• Your responsibilities and experience
• The time devoted to the business
• What comparable work commands in your market
• How much of the company’s income results from your personal services

Why review this now?

If the business had a much better year than expected but owner payroll hasn’t changed, waiting until the final week of December can create an unnecessary scramble.

An October review provides time to evaluate:
• Year-to-date business profit and owner wages
• Distributions already taken
• Remaining payroll for the year
• Retirement-plan contribution opportunities
• Federal and Arizona withholding
• Legitimate year-end deductions and reimbursements

An S-Corporation shouldn’t use the same salary every year merely because that was last year’s number. Compensation should continue to make sense for the business and the owner’s actual work.

If your business income increased significantly in 2026, comment the word SALARY to discuss an S-Corporation year-end review.

Scott Kunz
Valhalla Tax & Finance LLC

Address

7705 W Bell Road Suite B20
Glendale, AZ
85308

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 4pm

Telephone

+16026927941

Website

http://Www.valhallataxservice.com/

Alerts

Be the first to know and let us send you an email when Valhalla Tax Services LLP posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.