LM Taxes And Accounting Services Terrell TX

LM Taxes And Accounting Services Terrell TX Bookkeeping services, Business formation & notary services.

LM Taxes & Accounting Services LLC brinda servicios profesionales de impuestos y contabilidad para individuos y negocios. / We provide professional tax preparation & including ITIN Application.

🚨 New IRS penalty relief could help eligible taxpayers!Beginning in summer 2026, the IRS is transitioning to a new Autom...
07/19/2026

🚨 New IRS penalty relief could help eligible taxpayers!

Beginning in summer 2026, the IRS is transitioning to a new Automatic Exemption from Penalty program for taxpayers with a strong filing and payment history.

Eligible taxpayers may automatically receive relief from certain failure-to-file, failure-to-pay or failure-to-deposit penalties—without submitting a separate request.

However, there are important details:

âś… Eligibility depends on your compliance history
âś… Not every return or penalty qualifies
âś… Taxes and interest are still due
âś… Some taxpayers may still receive penalty notices during the transition

Have you received an IRS notice or been charged a penalty? Don’t assume you have to handle it alone. Contact LM Taxes & Accounting Services so we can review your situation.

đź“ž (214) 762 - 6986
đź“Ť211 E Moore Ave, Terrell, TX, 75160

Eligibility depends on each taxpayer’s individual circumstances.

📋 Changed Jobs? Don’t Forget About Your Retirement Account.A retirement account from a previous employer should not be i...
07/15/2026

📋 Changed Jobs? Don’t Forget About Your Retirement Account.

A retirement account from a previous employer should not be ignored.

Depending on your situation, you may have options such as:

âś… Leaving the money in the existing plan
âś… Moving it to another eligible retirement plan
âś… Completing a rollover
âś… Taking a distribution

But be careful: withdrawing money or moving it incorrectly may create taxes, penalties or reporting requirements.

The IRS also requires many retirement account owners to begin taking Required Minimum Distributions—commonly known as RMDs—once they reach the applicable age.

Before moving or withdrawing retirement funds, understand the potential tax consequences.

LM Taxes & Accounting Services can help you review the tax side of your decision.

đź“Ť 211 E Moore Ave, Terrell, TX 75160
đź“ž (214) 762-6986

đź’¬ Do you still have a retirement account from a previous job?

🚨 Self-Employed? Your Business Can Help You Build Your Retirement.Many business owners focus on today’s expenses and tax...
07/12/2026

🚨 Self-Employed? Your Business Can Help You Build Your Retirement.

Many business owners focus on today’s expenses and taxes—but forget to prepare for their own retirement.

Depending on your business and circumstances, retirement plan options may include:

🔹 SEP plan
🔹 SIMPLE IRA
🔹 401(k) plan
🔹 Traditional or Roth IRA

A retirement plan may help you:

✔️ Save for your future
✔️ Create potential tax advantages
✔️ Offer benefits to eligible employees
✔️ Strengthen your long-term financial strategy

Not every retirement plan works the same way. Contribution rules, eligibility requirements and tax treatment can vary.

Before selecting a plan, understand how it fits your business and financial goals.

đź“ž (214) 762-6986
📍 LM Taxes & Accounting Services — Terrell, Texas

đź’¬ Business owners: Have you started planning for your own retirement?

💰 Are You Planning for Retirement—or Just Hoping for the Best?Retirement planning is not only about saving money. It is ...
07/11/2026

💰 Are You Planning for Retirement—or Just Hoping for the Best?

Retirement planning is not only about saving money. It is also about understanding how different retirement accounts may affect your taxes today and in the future.

The IRS provides information about tax-advantaged options such as:

âś… Traditional IRA
âś… Roth IRA
âś… 401(k) plans
âś… SEP plans
âś… SIMPLE IRA plans

The right option depends on your income, employment situation, business and long-term financial goals.

Starting early gives your money more time to grow—and helps you prepare for the future with greater confidence.

At LM Taxes & Accounting Services, we can help you better understand the tax considerations connected to your retirement planning.

đź“Ť 211 E Moore Ave, Terrell, TX 75160
đź“ž (214) 762-6986

đź’¬ Have you already started saving for retirement?

🚨 New IRS Update: Automatic Penalty ReliefThe IRS announced a new process called Automatic Exemption from Penalty (AEP)....
07/09/2026

🚨 New IRS Update: Automatic Penalty Relief

The IRS announced a new process called Automatic Exemption from Penalty (AEP).

This means eligible taxpayers with a strong history of filing and paying on time may receive certain penalty relief automatically — without having to formally request it.

This relief may apply to penalties such as:

âś… Failure to file
âś… Failure to pay
âś… Failure to deposit

However, not everyone qualifies, and taxpayers may still owe taxes, interest, or penalties not covered by this relief.

At LM Taxes & Accounting Services, we help individuals and businesses understand IRS notices, penalties, and tax compliance requirements.

đź“Ť 211 E Moore Ave, Terrell, TX 75160
đź“ž (214) 762-6986

Source: IRS.gov

Thinking about launching your business?Here’s a simple checklist inspired by IRS guidance:✅ Choose the right business st...
07/08/2026

Thinking about launching your business?

Here’s a simple checklist inspired by IRS guidance:

âś… Choose the right business structure
âś… Apply for an EIN (Employer Identification Number)
âś… Keep organized financial records
âś… Understand your federal tax responsibilities

Starting with the right plan can help you avoid costly mistakes later.

At LM Taxes & Accounting Services, we help entrepreneurs start strong and stay compliant.

đź“ž (214) 762-6986

One of the questions we hear most often is:“Should I start an LLC?”The answer depends on your business goals.According t...
07/01/2026

One of the questions we hear most often is:

“Should I start an LLC?”

The answer depends on your business goals.

According to the IRS, every business structure comes with different tax responsibilities and legal requirements. Choosing the right one is an important first step for any entrepreneur.

Before registering your business, understand:

✔️ Tax implications
✔️ Legal responsibilities
✔️ Startup costs
✔️ Administrative requirements

The right choice today can save you time, money, and headaches tomorrow.

📩 Need guidance? We’re happy to help.

✨ One last round of applause for our incredible Spark Supporters! 🇺🇸🎆Thank you for helping make Freedom Fest possible an...
07/01/2026

✨ One last round of applause for our incredible Spark Supporters! 🇺🇸🎆

Thank you for helping make Freedom Fest possible and for supporting a celebration our community can enjoy together. We couldn't do it without you!

Now it's time to celebrate! ❤️🤍💙 We'll see everyone THIS SATURDAY in Historic Downtown Terrell for an unforgettable night of live music, family fun, and fireworks. Let's party and celebrate America's 250th birthday together! 🎇🎉
Make sure to bring your lawn chairs!!!
Film Alley
Circle B Construction
Trinity Valley Electric Co-op
LM Taxes And Accounting Services Terrell TX
Intex Electric
STAR Transit

🚀 Thinking About Starting a Business?Starting a business is exciting—but the decisions you make before opening your door...
06/30/2026

🚀 Thinking About Starting a Business?

Starting a business is exciting—but the decisions you make before opening your doors can shape your future.

One of the first recommendations from the IRS is to choose the right business structure, because it affects your taxes, legal responsibilities and how your business grows.

Whether you’re planning to become a:

âś… Sole Proprietor
âś… LLC Owner
âś… Partner
âś… Corporation

Don’t guess—start with the right foundation.

At LM Taxes & Accounting Services, we’re here to help you make informed decisions from day one.

đź“Ť 211 E Moore Ave, Terrell, TX 75160
đź“ž (214) 762-6986

💬 What’s your dream business? Tell us in the comments!

đź“‹ Antes de abrir un negocio, revisa esta lista:âś… Elegir la estructura adecuadaâś… Solicitar tu EIN (Employer Identificatio...
06/26/2026

đź“‹ Antes de abrir un negocio, revisa esta lista:

âś… Elegir la estructura adecuada
âś… Solicitar tu EIN (Employer Identification Number)
âś… Mantener registros organizados
âś… Conocer tus responsabilidades fiscales

El IRS recomienda preparar estos aspectos desde el inicio para evitar problemas futuros. (IRS)

Recuerda:

La organización que tengas el primer día puede ahorrarte tiempo, dinero y dolores de cabeza más adelante.

📞 Si estás pensando en abrir un negocio, podemos orientarte.

211 E Moore Ave
Terrell TX 75160
214-762-6986

Address

211 E Moore Avenue
Terrell, TX
75160

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm
Saturday 10am - 3pm

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