Precision Tax Service, LLC

03/31/2026

ONLY 16 DAYS LEFT UNTIL THE INDIVIDUAL TAX FILING DEADLINE. IF YOU NEED AN EXTENSION PLEASE CONTACT YOUR TAX PREPARERS TO ENSURE TIMELY FILING OF THEM.

03/31/2026

ALSO REMINDER TO NORTH DAKOTA. IF YOU RESIDE IN NORTH DAKOTA AND OWN YOUR HOME BE SURE TO APPLY FOR THE NORTH DAKOTA PRIMARY RESIDENCE CREDIT BEFORE MARCH 31, 2026. THIS CAN GIVE YOU UP TO $1600.00 OFF YOUR HOME PROPERTY TAX FOR 2026. IF YOU NEED ASSISTANCE PLEASE CONTACT US OR GO TO

The .gov means it's official. Official North Dakota websites will end in .gov. Before sharing sensitive information, make sure you're on a government site.

03/24/2026

TAX DEADLINE IS APRIL 15TH, 2026 THIS YEAR. BE SURE TO CONTACT YOUR TAX PREPARER IF YOU ARE NEEDING AN EXTENSION.

03/24/2026

THE NORTH DAKOTA PRIMARY RESIDENCY CREDIT DEADLINE IS MARCH 30, 2026. PLEASE APPLY OR CALL US FOR ASSISTANCE THE CREDIT IS WORTH UP TO $1600.00 OFF YOUR PRIMARY RESIDENCE PROPERTY TAXES.

01/12/2026

IRS TO START ACCEPTING FORM 1040 TAX RETURNS ON 1-26-2026

01/12/2026

DON'T FORGET 1099'S, W-2'S AND ANY PAYROLL REPORTS ARE DUE 1-31-2026

01/12/2026

REMINDER TO NORTH DAKOTA. IF Y OU RESIDE IN NORTH DAKOTA AND OWN YOUR HOME BE SURE TO APPLY FOR THE NORTH DAKOTA PRIMARY RESIDENCE CREDIT BEFORE MARCH 30, 2026. THIS CAN GIVE YOU UP TO $1600.00 OFF YOUR HOME PROPERTY TAX FOR 2026. IF YOU NEED ASSISTANCE PLEASE CONTACT US.

11/18/2025

As the year winds down, the tax reporting forms begin to arrive, and we want to remind you which ones we need from you to send to us with your tax information.

The new Tax Bill this year means we will be applying the new deductions for seniors, tips, overtime and car loans where we can. If you are a W-2 employee, make sure to provide us with any attachments to your W-2 this year so that we don’t miss the tip or overtime deduction!

We still need the annual information forms that are sent to you for tax purposes from banks, credit unions, etc.
As a reminder, here is a simple checklist:

__ W-2 for wages __ W-2G for gambling __ 1099-Int for interest
__ 1099-DIV for dividends __ 1099-B Brokerage __ SSA-1099 Social Security
__ 1099-NEC for income __ 1099-Misc for income __1099-K for income
__ 1099-R for retirement __ 1099-G for refunds & unemployment
__ 1099-Int for mortgages __ 1098-T for tuition __ 1099-SA for HSA’s
__ K-1 forms from investments in S corporations or partnerships
__ Form 5498 for IRA values __ IRA and Roth IRA contributions for 2025
__ Child care costs, and the name, address, amount and ID # of the recipient
__ Charitable donations-total amounts and recipients
__ Property tax paid on your home, property or cars
__ Estimated tax payments and dates
__ Any letters you received from the IRS or state tax authorities
__ Our engagement letter

If you have a small business, farming operation or rental property we can provide you with a separate worksheet for those activities if needed.

Again, crypto-currency activity continues to increase, and we need to report any crypto activity, please be sure to provide us with that information.

New credits for home improvements end this year and can provide you with tremendous tax benefits. If you installed a new furnace, A/C, boiler, heat pump, water heater, woodstove, windows, doors, insulation, solar or battery storage please be sure to provide us with a copy of the invoice.

Similarly, if you bought a new electric or hybrid car in 2025 please be sure to provide that invoice copy and dealer paperwork as well.

Finally, there are some exciting new tax planning tools for 529 plans (not just for education anymore!) that we need to discuss!

Every year we are reminded how much we value your business, and we want to once again say thank you. Please call us with any questions.

Sincerely,

Allen Hoffner & Kelly Westraadt

02/20/2025

ALSO REMINDER TO NORTH DAKOTA. IF Y OU RESIDE IN NORTH DAKOTA AND OWN YOUR HOME BE SURE TO APPLY FOR THE NORTH DAKOTA PRIMARY RESIDENCE CREDIT BEFORE MARCH 30, 2025. THIS CAN GIVE YOU UP TO $500.00 OFF YOUR HOME PROPERTY TAX FOR 2025. IF YOU NEED ASSISTANCE PLEASE CONTACT US.

The Primary Residence Credit page.

02/20/2025

02/20/2025

FINCEN - BENEFICIAL OWNERSHIP INFORMATION REPORTING DEAD LINE IS BACK ON WITH A DUE DATE OF MARCH 21, 2025.
https://www.fincen.gov/sites/default/files/shared/FinCEN-BOI-Notice-Deadline-Extension-508FINAL.pdf

PLEASE NOTE:
It is important to note that on Feb. 10, the U.S. House of Representatives voted 408-0 to postpone the CTA’s reporting deadline to Jan. 1, 2026.

The measure is now pending in the Senate.
Also, the U.S. Court of Appeals for the 5th Circuit will hear oral arguments on April 1 regarding an injunction in Texas Top Cop Shop, a case that could further impact CTA enforcement.

01/11/2025

DON'T FORGET 1099'S, W-2'S AND ANY PAYROLL REPORTS ARE DUE 1-31-2025.