ALW Tax and Business Services LLC

ALW Tax and Business Services LLC Enrolled Agent | Accountant

Book Appointment - calendly.com/alwtaxandbusinessllc

ALW Tax and Business Services LLC provides quality and professional income tax and bookkeeping services to individuals and businesses.

Insurance is waaay too expensive these days to miss out on writing it off (if you qualify).When you're self-employed, yo...
05/27/2026

Insurance is waaay too expensive these days to miss out on writing it off (if you qualify).

When you're self-employed, you may be able to deduct your health insurance premiums (including dental, vision, and qualifying long-term care premiums). This can apply to your spouse + dependents' premiums too!

What doesn't qualify? ↓

If you (or your spouse) were eligible for employer-sponsored coverage, this can affect whether you're able to deduct your premiums for those months.

The keyword here is eligible; this rule applies even if you didn't enroll in the employer-sponsored coverage. For each month you (or your spouse) were eligible, you can't deduct your SE health insurance premiums.

Also, the deduction can't exceed your earned self-employment income!

It's extremely nuanced, but extremely impactful deductions like these that small businesses can miss out on when they're not working with an Enrolled Agent!

The number of people who file an extension and then don't look at their taxes again until October 14th is waaay too high...
05/18/2026

The number of people who file an extension and then don't look at their taxes again until October 14th is waaay too high. 🫣

I'm not judging, here's what I'd recommend that everyone who has filed an extension do between NOW and October:

Make a list of any missing tax documents. If you're an existing client and you've already uploaded a lot, we can let you know what we're still missing.

Make sure you've paid what you owe (an extension doesn't give you more time to pay, just to file your return).

If you don't have a plan to get your return filed, reach out to schedule a new client call!

🚨 BIG IRS UPDATE THAT MILLIONS OF TAXPAYERS NEED TO SEE 🚨The National Taxpayer Advocate is warning that tens of millions...
05/14/2026

🚨 BIG IRS UPDATE THAT MILLIONS OF TAXPAYERS NEED TO SEE 🚨

The National Taxpayer Advocate is warning that tens of millions of taxpayers may be entitled to refunds or penalty abatements related to IRS penalties and interest charged during the COVID disaster period. 👀

This stems from the ongoing Kwong v. United States case, which argues that many IRS filing/payment deadlines should have been postponed during the federal COVID disaster declaration period (roughly January 2020 through July 2023).

Translation? 👇

If you had:
✔️ Failure-to-file penalties
✔️ Failure-to-pay penalties
✔️ Estimated tax penalties
✔️ Interest charged during that period
…you might qualify for a refund or reduction. 💰

BUT — and this is the important part — this is NOT automatic.

Most taxpayers will need to file a refund claim (typically Form 843) by July 10, 2026, to protect their rights.

The IRS has reportedly assessed over 120 MILLION penalties during that timeframe, so this could impact a huge number of individuals and business owners.

A few important notes:
⚠️ The case is still being litigated/appealed
⚠️ This does NOT mean everyone automatically qualifies
⚠️ Filing requirements are technical and time-sensitive
⚠️ Protective claims may be necessary even before the case is finalized

This is one of those situations where being proactive matters. The “well advised” taxpayers may protect their refund rights while others never realize they were potentially eligible. 👀

If you received IRS penalties during the COVID years, now is the time to review your transcripts and discuss your options with a qualified tax professional.

(And yes… this is exactly why representation and staying informed matters.)

📣 Out of Office (But for a Very Good Reason) 📣I’ll be out of the office May 2–19 while I head to Washington, D.C. for th...
05/01/2026

📣 Out of Office (But for a Very Good Reason) 📣

I’ll be out of the office May 2–19 while I head to Washington, D.C. for the NAEA Capitol Hill Fly-In where Enrolled Agents from across the country meet with members of Congress to advocate for taxpayers, tax professionals, and smarter tax policy.

In short: I’m taking your tax headaches straight to Capitol Hill. 🇺🇸

After that, I’ll be spending some much-needed time with my daughter, son-in-law, and grandchildren before returning to the office.

Response times will be limited while I’m away.

If you have an urgent matter, please text (727) 421-5140 and I’ll respond as time allows.

Otherwise, I’ll be back in the office on May 20 and will catch up on all non-urgent matters as soon as possible. Thank you for your patience while I go do my professional civic duty… and then my mom/grandma duty. 💙

Most S-Corp owners making over $200k are underpaying themselves in salary and overpaying in risk.I see this constantly d...
02/17/2026

Most S-Corp owners making over $200k are underpaying themselves in salary and overpaying in risk.

I see this constantly during tax season.
Salary gets set once… and never revisited.

But “reasonable compensation” isn’t a guess. It’s an analysis.

If your salary isn’t aligned with:
✔️ Your actual role
✔️ Industry standards
✔️ Profitability
✔️ Cash flow

You’re either:
⚠️ Exposing yourself to audit risk
💸 Leaving tax-saving strategy on the table
❗️or both.

Waiting until tax season to think strategically is expensive.
Proactive S-Corp optimization isn’t.

The goal isn’t just to file correctly.
It’s to structure intelligently.

If you want to optimize your S-Corp or determine whether electing S-Corp status is even the right move, I’m offering a limited number of S-Corp Optimization Intensives this season.

It's officially time to take down your Christmas lights, put away those ornaments, and pay your Q4 estimated tax payment...
01/09/2026

It's officially time to take down your Christmas lights, put away those ornaments, and pay your Q4 estimated tax payment by Monday, January 15th! 📆

These are your "pay-as-you-go" tax payments that you most likely need to make if you're self-employed or earn other taxable income that isn't being withheld.

How much do you pay? ↓

Ask your tax accountant for estimated tax vouchers that show your recommended quarterly payment based on safe harbor rules (aka the amount to pay to avoid penalties + interest). 💸

Okay, okay, and *how* do you pay?

→ IRS Direct Pay
→ IRS Online Account
→ IRS2Go App
→ Mail a check with your Form 1040-ES voucher*

P.S. Keep records of exactly how much you pay in estimated taxes; your tax accountant needs this to prepare your return accurately. ✍️

*If you pay by check, your payment must be postmarked by the due date to not be considered late.

There's one BIG tax move you can *still* make to reduce your 2025 tax bill. ↓Until April 15th, 2026, if you qualify, you...
01/06/2026

There's one BIG tax move you can *still* make to reduce your 2025 tax bill. ↓

Until April 15th, 2026, if you qualify, you can contribute to a traditional IRA and reduce your taxable income.

It's a win-win, you're saving for the future, AND you're lowering your tax liability!

Check with your tax accountant to figure out how much you qualify to contribute, deduct, and how this will affect your return. 🔢

Want to avoid penalties + interest stacking up this year? 💸 Mark these 2026 estimated tax due dates on your calendar: 📆 ...
01/03/2026

Want to avoid penalties + interest stacking up this year? 💸

Mark these 2026 estimated tax due dates on your calendar:

📆 January 15, 2026: Q4 2025 estimated tax payment due.

📆 April 15, 2026: Q1 2026 estimated tax payment due (any remaining 2025 taxes are due too!).

📆 June 15, 2026: Q2 2026 estimated tax payment due.

📆 September 15, 2026: Q3 2026 estimated tax payment due.

PRO TIP: Pay using IRS Direct Pay or your IRS Online Account (you can even schedule payments in advance!).

I'm not trying to be dramatic... but *this* guide might just save your sanity this tax season.The key to a stress-free t...
01/02/2026

I'm not trying to be dramatic... but *this* guide might just save your sanity this tax season.

The key to a stress-free tax season is staying organized, and it starts with my FREE Personal Tax Organizer. 🗃️

No more wondering "what am I still missing?" on April 15th. 🫣

As tax documents start hitting your inbox + mailbox, this guide walks you through:

→ Checking off what you’ve received

→ Marking N/A for anything that doesn’t apply

→ Keeping everything in one place for your accountant

Want to get your hands on a copy?! Comment "TAX SEASON" and I'll send you the link! 🔗

Sorry, not sorry! 🤷I'm going to protect you by helping you save the most on taxes that you LEGALLY can.I'll dig for ever...
12/03/2025

Sorry, not sorry! 🤷

I'm going to protect you by helping you save the most on taxes that you LEGALLY can.

I'll dig for every tax deduction and help you strategize to reduce your tax bill... but I'm never going to "just leave off" some of your income or "fudge" some expenses. 🤨

If that's the tax accountant you're looking for, you're in the wroooong place. Sorry, your girl wouldn't look good in an orange jumpsuit! 🙂‍↔️

Address

Tarpon Springs, FL

Opening Hours

Tuesday 8am - 4pm
Wednesday 8am - 4pm
Thursday 8am - 4pm
Friday 10am - 6pm
Saturday 10am - 3pm

Alerts

Be the first to know and let us send you an email when ALW Tax and Business Services LLC posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Share