J. Condi Accounting

01/10/2026

Finally.....completed last of the continuing ed. Full version of tax software is in. Now just waiting for the E-file season to start on Jan 26th. Tax Year 2025 here we come.

04/22/2025

Many taxpayers had a surprise on their 2024 taxes because the IRS mandated that employers only use the W4 updated in 2020 which withholds less from the employee's paycheck than the old W4 withheld.

While the new W4 leaves more money in the pocket of the taxpayer, the offset is that there is less withheld which could shrink a refund or switch the refund to a tax due or increase the amount of the tax due.

Taxpayers should reach out to their tax preparer to get assistance in paying in just enough to cover their taxes or at least adjust to the amount of refund or tax due that they are accustomed to.

Have a great 2025!!!

Tax Tip 2025-28: Taxpayers should check their withholding now to prepare for next year Internal Revenue Service (IRS) sent this bulletin at 04/22/2025 10:03 AM EDT IRS Tax Tips April 22, 2025 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics I...

03/04/2025

Massive push from marketers to get you to file the BOI. This is something you can do yourself by going to FINCEN.gov -- it is very easy (other than trying to figure out if you really need to file and figuring out some of the terminology. Also, still some open issues about deadlines to file, so see below.

FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines
February 27, 2025

WASHINGTON––Today, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines. No fines or penalties will be issued, and no enforcement actions will be taken, until a forthcoming interim final rule becomes effective and the new relevant due dates in the interim final rule have passed.

03/23/2024

TAXES, TAXES, & you got it, more TAXES

08/07/2023

Tax Tip 2023-98: IRS ends unannounced revenue officer visits to taxpayers Internal Revenue Service (IRS) sent this bulletin at 08/03/2023 11:58 AM EDT IRS Tax Tips August 3, 2023 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance M...

03/22/2023

One additional thing to do if you receive a 1099-K is reach out to your tax preparer.

Tax Tip 2023-37: What taxpayers should do when the receive Form 1099-K Internal Revenue Service (IRS) sent this bulletin at 03/22/2023 09:03 AM EDT IRS Tax Tips March 22, 2023 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Medi...

12/10/2022

Another year of professional Development completed!!!

11/27/2022

Gig economy workers have an unpleasant surprise waiting at tax time due to changes approved by the Democrat-controlled Congress.

11/22/2022

This heading should say "Tax Software", not Tax Preparers. The articles is about people doing their own taxes using certain software. Just another reason to know your preparer and/or use caution when you are a "Do it yourselfer".

Tax records contain some of the personal details that a person has. Alimony? Income? Spending on medicine? Many of those items and more are there.

09/11/2022

New dining experience in Penacook.

American style, farm-to-table restaurant focused on fresh local ingredients. Seasonally rotating menu