Miles Accounting Service, P.C.

07/22/2026

Jersey Fizz curbing the afternoon slump! 🥤🥥🍒

01/23/2026

Did you have a baby in 2025?

The Federal government will make a one-time $1,000 contribution for each eligible child's account. Parents, guardians, or others can establish a Trump Account for an eligible child. Let us know when filing if you would like to establish this Trump Account.

Generally, money cannot be withdrawn before the year the child turns 18. After that point, the account is treated like a traditional IRA with similar tax rules.

Please below IRS link for more information:

IR-2025-117, Dec. 2, 2025 — The Department of the Treasury and the Internal Revenue Service today issued a notice announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account for eligible children.

01/19/2026

Did you buy a new, personal use vehicle in 2025?

A new US car loan interest deduction allows taxpayers to deduct interest on new, personally-used vehicles with loans originating after Dec. 31st 2024.

Required Info:
Include the vehicle's VIN and total interest paid in 2025.

For more info, go to

The One, Big, Beautiful Bill Act has a significant effect on your taxes, credits and deductions.

11/19/2025

📣 We’re Hiring Seasonal Help! 📣

Miles Accounting is looking for a friendly, detail-oriented team member to join us January 1st through April 15th during our busy season!

We’re seeking an individual with strong administrative skills, data entry experience, and excellent customer service.

📬 Interested?
Please send your resume to [email protected]

Please share this post—thank you!

02/26/2025

‼️‼️ The IRS doesn't initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. This includes requests for PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts. ‼️‼️

01/30/2025

You should be getting lots of mail with important tax documents!

Below is a helpful reminder on some of the items to keep an eye out for. In addition, have your updated drivers license & banking information.

‼️ Please keep in mind some employers and schools do not mail physical forms but instead have you print them yourself ‼️

We kindly ask you to wait on dropping off documents until you have received everything needed to complete your return.

01/10/2025

Key takeaways:

- No action is needed for ELIGIBLE taxpayers to receive these payments.

- Payments will go out automatically in December and should arrive in most cases by late January 2025.

-The payments will be automatically direct deposited or sent by paper check; ELIGIBLE taxpayers will also receive a separate letter notifying them of the payment.

-ELIGIBLE taxpayers who did not file must file a 2021 tax return to claim a Recovery Rebate Credit, even if their income from a job, business or other source was minimal or non-existent.

- Most taxpayers ELIGIBLE for stimulus payments have already received their Recovery Rebate Credit.

As always, if you have any questions please call the office and we would be more than happy to clarify!
618-498-2728

IR-2024-314, Dec. 20, 2024 — As part of continuing efforts to help taxpayers, the Internal Revenue Service today announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.