Little Giant Tax Service, LLC

07/20/2026

Form 1099-K – Did You Know?

If you receive a Form 1099-K, review it for payments that may not be taxable, such as reimbursements from friends or family. If these payments were mistakenly included, ask the payment processor to issue a corrected form. Keep in mind that some transactions involving personal items may still have tax consequences, particularly if you sold an item for more than you paid for it.

07/19/2026

What happens if you receive a notice that the changed your tax return and you don't agree? The Taxpayer Bill of Rights (TBOR) has you covered. You have the right to challenge the IRS's position and be heard. We explain what that means to you in the latest IRS tax tip.

Learn more about TBOR at https://ow.ly/cAqs50ZnusL.

07/18/2026

Leave the pickles to Picklesburgh! An Identity Protection PIN helps lock your tax account from ID thieves trying to file fraudulent tax returns using your information. To avoid future issues, the urges you to sign up: www.irs.gov/ippin

Enjoy Picklesburgh, Pittsburgh Downtown Partnership!

City of Pittsburgh

07/17/2026

Many people earn extra money from hobbies. But when does a hobby become a business? Learn what the says to consider when determining whether an activity is a hobby or business for tax purposes: https://ow.ly/H69C50Z7lWT

And happy hunting to those headed to the Brimfield Antique Show in Massachusetts!

Brimfield Antique Flea Markets Guide

07/17/2026

07/16/2026

Did you tie the knot recently? If so, congratulations! Being married also means your filing status may change and it's important to understand what that means for you. Learn more about the tax ramification of getting married:
https://ow.ly/ErJh50Znsz9

07/16/2026

Summer often means extra help for many businesses. If you're hiring seasonal or part-time employees, the reminds employers that these workers are subject to the same federal income tax withholding, Social Security, and Medicare tax rules as other employees.
If you're a seasonal employer, you also may not have to file Form 941 for quarters when you paid no wages and have no tax liability. Check the "seasonal employer" box in Part 3 of every Form 941 you file.

Learn more about seasonal employer filing and withholding requirements before your next hiring cycle: https://ow.ly/y6nE50ZjmXs

07/16/2026

Did you receive IRS Notice CP504? Taxpayers usually receive these notices because the IRS hasn't received your payment on balance due tax payments. TAS has helpful information on this notice and what steps you need to take. Learn more: https://ow.ly/B4LA50ZnsLm

07/14/2026

Increased Standard Mileage Rates Starting July 1, 2026

Due to higher fuel prices, the IRS has increased the standard mileage rate for business driving to 76 cents per mile for mileage incurred on or after July 1, 2026. The rates for medical travel and eligible moving expenses have also increased to 23.5 cents per mile.

The charitable mileage rate remains unchanged at 14 cents per mile, while the previously announced 2026 rates continue to apply to mileage incurred before July 1.

07/12/2026

Saving for retirement starts with understanding the rules.

For 2026, you can contribute up to $7,500 to your traditional and Roth IRAs combined ($8,600 if you're age 50 or older), or your taxable compensation for the year, whichever is less.

You may also be eligible to contribute to an IRA even if you're covered by a retirement plan at work or if you're filing jointly with a spouse who has taxable compensation.

Be sure to review contribution limits, deduction rules, and income restrictions before making contributions. The has resources to help you plan for retirement and avoid excess contribution penalties.

Learn more: irs.gov/retirement