Tax Less LLC

04/13/2026

🚨 TAX DEADLINE IS THIS WEDNESDAY (APRIL 15TH) 🚨

Before you panic… read this 👇🏽

👉 If you’re getting a REFUND:
You’re GOOD 😅

❌ No penalties
❌ No late fees
⏳ The IRS will still accept your return well after April 15th

💡 In fact, you actually have up to 3 years to file and claim your refund

(But why leave your money sitting with the IRS? 👀)

👉 If you OWE the IRS:
That’s where it gets serious ⚠️

Penalties + interest start immediately after April 15th
The longer you wait, the more you pay

👉 Need more time? FILE AN EXTENSION

Gives you until October to file ✅
Helps you avoid the late filing penalty

🚫 BUT… if you owe, you still need to pay or estimate something now

💡 Bottom line:

Refund? You’re safe—but don’t wait on your money
Owe? File or extend ASAP to protect yourself

⏳ We’re in the final stretch—don’t wait until it’s too late

📲 Get started now:
👉

https://www.taxlesstoday.com/book-online

02/23/2026

🚨 NEW $1,000 “Trump Account” for Children Born 2025–2028

The IRS has released guidance on a new retirement account designed specifically for eligible children.

Here’s what parents need to know:

✅ Eligible children must be U.S. citizens
✅ Born between January 1, 2025 and December 31, 2028
✅ A parent or guardian must make an election

💰 The federal government will make a one-time $1,000 pilot contribution to the child’s account.

Important details:

• This is NOT a stimulus check
• It is a tax-advantaged IRA for minors
• Funds must be invested in S&P 500 or U.S. equity index funds
• No withdrawals before the year the child turns 18
• Contributions cannot begin before July 4, 2026
• Form 4547 will be required to enroll

Families may also contribute up to $5,000 per year, and employers can contribute up to $2,500 per year (subject to limits).

And let me say this — if you don’t already have an IRA set up for your older kids, don’t let the babies miss out. This is a great way to get started. No, $1,000 isn’t a million dollars… but it’s something. And something invested early is always better than nothing sitting on the sidelines.

Used correctly, this could be a powerful long-term wealth building tool.

If you have a child born in that window and want to understand how this fits into your tax or financial plan, reach out. I’ll keep everyone updated as final regulations are released.

01/23/2026

Insurance agents—quick FYI 🧾💼

A 1099-NEC just reports gross commissions.
🚫 No taxes withheld
🚫 No deductions included

The IRS only sees top-line income—not leads, mileage, licensing, E&O, or home office expenses.

This is why tax strategy matters 👀
Don’t wait until April.

👉 www.taxlesstoday.com

Form 1099-NEC is a tax form for reporting nonemployee compensation that payERS need to complete by Jan. 31—and that payEES will receive if they earned $600 or more in NonEmployee Compensation in one year.

If you’re an independent contractor, freelancer, sole proprietor or other type of self-employed individual, you may get one (or many) 1099-NEC forms, depending on how many clients you had in 2025 meeting the $600 minimum requirement.

Confused yet? 🤔

This is why it pays for the self-employed to seek professional tax advice, especially in the first few years after opening a new business.

Whether you’re paying others or being paid—quite likely it will be both—you need to make sure you’re following the rules, because mistakes can be costly.

Tax Less LLC