Tcsg-llc Tax and Consulting

01/23/2026

01/14/2026

Filing your 2025 taxes (due April 15, 2026)?
The One Big Beautiful Bill changed a few big items that could move your refund or what you owe.

What’s new (and worth checking):
✅ SALT cap is now up to $40,000 if you itemize (it phases down if your MAGI is over $500,000). 
✅ Standard deduction for 2025 is $15,750 (single) and $31,500 (married filing jointly). 
⏰ April 15 is the pay deadline. An extension gives you until Oct 15 to file, but it does not extend time to pay. 

3 questions I’m getting nonstop right now:
1. “Can I extend?”
Yes, but if you owe, pay by April 15 to avoid penalties and interest. 
2. “Is FB Marketplace / side hustle income taxable?”
If you’re selling for profit or doing regular gig work, that income is taxable even if you don’t get a form. Selling personal items at a loss usually isn’t taxable (and that loss is not deductible). 

12/23/2025

Tax season doesn’t have to be complicated.

Whether you’re filing as an individual, a student, or a business owner, we’re here to help for the 2025 tax year.

✔ Personal tax preparation
✔ Small business tax services
✔ Secure, fully remote options
✔ In-person appointments available

Fast. Clear. Done right.

📲 Get started today
🌐 www.tcsg-llc.com
📞 (813) 381-8895
📧 [email protected]

09/23/2025

Authorized IRS e-file Provider ✅
Free 15-min tax check

🌐 tcsg-llc.com | 📞 (813) 381-8895

08/04/2025

The One Big Beautiful Bill Act, a sweeping tax reform that will impact every American starting with the 2025 tax year. Here are the biggest highlights:

💰 Lower Taxes Extended – 2017 tax cuts made permanent
👨‍👩‍👧‍👦 Bigger Child Tax Credit – $2,200 per child
🚘 New Deductions – Tips, overtime, and even car loan interest may now be deductible
🏡 State Tax Relief – SALT deduction cap raised to $40K
👴 Bonus for Seniors – Extra $6,000 deduction for low/mid-income retirees
🏗️ Big Business Boost – 100% expensing returns to promote U.S. investment
💸 Trump Accounts – $1,000 starter fund for every newborn (2025–28)

But not everyone wins—cuts to Medicaid and food aid mean millions could lose support. This bill reshapes America’s tax system in a big way.

📌 Starts with your 2025 taxes (filed in 2026)

👉 Like and share to spread the word. Got questions? Drop them below!

09/20/2024

Underpaid Your Taxes? Here’s How Much the IRS Will Penalize You

Underpaying taxes can lead to costly penalties from the IRS. If you owe more than $1,000 in taxes after withholdings and credits, the IRS typically imposes an underpayment penalty. Here’s a breakdown of what you can expect:

Penalty Calculation
The IRS calculates penalties based on how much you underpaid and the length of time it remains unpaid. As of 2024, the penalty rate is generally the federal short-term interest rate plus 3%. This percentage compounds daily, which can cause penalties to accumulate quickly.

Common Penalty Triggers
Not paying enough throughout the year: You’re expected to pay taxes as you earn income. This can be through employer withholdings or estimated payments for freelancers and business owners.
Missing estimated payments: If you’re self-employed, missing quarterly estimated payments can trigger penalties.
Not adjusting your withholdings: If your withholdings aren’t enough to cover your tax liability, you may face penalties.
Exceptions and Reductions
You can avoid penalties if you paid at least 90% of your tax bill for the year or 100% of your prior year's taxes, whichever is smaller. The IRS may also waive penalties if underpayment was due to circumstances beyond your control, such as a natural disaster.

To avoid future penalties, ensure accurate withholdings and make timely estimated payments. By staying proactive, you can reduce your tax burden and avoid unnecessary fees.

04/25/2024

EITC errors are on the rise!

This tax season, make sensible filing decisions. EITC incorrect payments have increased by over 50% since 2020. The Earned Income Tax Credit is an important tax break for many people but filing it wrongly might result in delays or paying money later. Here are some strategies for avoiding mistakes:

Double-check your eligibility. Use the IRS EITC Assistant tool to determine whether you qualify. https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit-eitc
Collect your paperwork. Make sure you have all the necessary tax forms and documents. If feasible, file your documents electronically. E-filing might help you identify mistakes before submitting your return.

Consider utilizing a qualified tax preparer. A tax professional can guarantee that you claim all the credits and deductions that you are entitled to. Stay informed, and file with confidence!

P.S. Share this post to help your friends and family avoid EITC errors!

03/11/2024

Tax Time: Ouch or Oh Yeah?
Tax season! Is it better to owe or get a refund?

Owing Taxes:
Penalty risk & cash flow crunch
Interest-free loan & chance to adjust withholding.

Refund:
Extra cash!
Missed chance to earn interest.
Aim for: Neither a big bill nor a giant refund.

What's your tax tip? Share below!