Michael Mellberg CPA

07/03/2026

https://www.irs.gov/trumpaccounts

A new tax-advantaged investment account designed to help children prepare for the future is available.

07/03/2026

Get started with this no brainer financial move for your minor child. If child is born between 2025-2028 US will seed $1000 to the account. If out of this seed money window you may qualify for other seed money. At the very least consider putting $1,000 in and let it grow tax free until child is 18. They can then use up to $10,000 penalty free for schooling or home purchase. However, keep in mind these accounts are designed for an early retirement vehicle for our youngest generation.
Be sure to evaluate your financial situation before considering account options as these accounts have early withdrawal penalties.

03/15/2026

March 16th deadline for businesses (tomorrow)… Reminder for taxpayers that have an entity with a filing requirement (S-Corporation or Partnership). These tax return types (not an exhaustive list), Form 1120S and Form 1065 must either be filed or if you are unable to file now make sure to file the extension Form 7004 to avoid penalty.

01/29/2026

With the tax filing season underway an important change this year is a phaseout of paper refunds to electronic refunds and an encouragement to pay by electronic means.

The IRS is phasing out paper tax refund checks for individual taxpayers for the 2026 federal tax filing season.