Midwest CPA, LLC

04/11/2026

5 days left… and I’m running on caffeine, spreadsheets, and pure determination 😅📊
If you’ve ever wondered what tax season looks like—this is it: late nights, tired eyes, and a desk covered in notes that somehow still make sense (for now).

Almost there… just gotta survive the final stretch 💼🔥

03/22/2026

To avoid tax refund delays, be sure to include your bank account and routing numbers on your tax return. The IRS is moving away from paper checks, and approximately 830,000 taxpayers are experiencing refund delays after filing without direct deposit information. The IRS has already sent 530,000 notices, with another 300,000 expected, to those who didn’t provide bank account details. Refunds by paper check may be delayed by 10 weeks or more.

03/16/2026

Pass-through entities generally don’t owe federal income tax at the entity level, but they still must file federal income tax returns. These entities include partnerships, limited liability companies treated as partnerships for tax purposes and S corporations. If your pass-through entity uses the calendar year for tax purposes, as most do, the filing deadline for the 2025 tax year is March 16, 2026 (because March 15 is on a Sunday). The deadline can be extended to Sept. 15, 2026, by filing for an extension by March 16. If you do that, you (and any other owners) will also likely need to file an extension to Oct. 15, 2026, for your individual return. Contact us to get things rolling.

01/23/2026

At the recent D.C. Bar Tax Conference, former IRS and U.S. Justice Dept. officials warned about challenges during the upcoming tax filing season. One challenge is that significant IRS staffing reductions mean fewer staffers will be available to help taxpayers. The conference panel also discussed the reorganization of the civil litigation and criminal tax units within the Justice Dept. A panelist noted that it resulted in many staff resignations, putting a “huge strain on the attorneys who remain.” On the plus side, the panelists were optimistic about the role automation, robotics, AI and other technology tools might play in solving IRS problems.

12/25/2025

12/16/2025

Are you thinking about buying a “heavy” business vehicle before year end? An SUV, pickup or van with a manufacturer’s gross vehicle weight rating (GVWR) over 6,000 pounds that’s used over 50% in your business is treated as transportation equipment for tax purposes. That means the business percentage of its cost can qualify for 100% first-year bonus depreciation. Heavy vehicles used over 50% for business may also be eligible for Sec. 179 expensing. But the maximum Sec. 179 deduction for 2025 is generally only $31,300 for vehicles with GVWRs between 6,001 and 14,000 pounds. To claim these breaks for 2025, you must place the heavy business vehicle in service by Dec. 31, 2025. Contact us to learn more.

12/12/2025

🎄✨ Merry Christmas from our 2nd Annual Midwest CPA Christmas Dinner! ✨🎄

Nothing beats good food, loud laughs, and spending time with the people who feel like home. So grateful for another year of memories, traditions, and togetherness. ❤️

11/22/2025

Diltor Properties, Scribner Enterprises, Walters Pumpkin Patch, Midwest CPA, LLC and Refined Renovations are joining together again this year to help make sure every family is able to wake up Christmas morning with presents under the tree and dinner on the table. 🎄We’re accepting nominations for families with children that are needing a little extra help in doing this. ❤️ Please PM any of us if you know of a deserving family that needs a little extra help in making their Christmas dreams come true.🎁 We will carefully pick a few families and make sure they have a very magical and blessed Christmas morning. 🎅🏻

From our families to yours, have a very merry and blessed Christmas! ❤️

10/26/2025

If you own a business, the Sec. 179 expensing election allows you to deduct the cost of purchasing eligible assets rather than depreciating them over multiple years. An annual expensing limit applies, which begins to phase out dollar-for-dollar when acquisitions for the year exceed the phaseout threshold. For qualifying property placed in service in 2025, the One Big Beautiful Bill Act (OBBBA) doubles the expensing limit to $2.5 million. The 2025 phaseout threshold is $4 million, up from $3.13 million before the OBBBA. In 2026, after inflation adjustments, the expensing limit increases to $2.56 million and the break begins to phase out when acquisitions for the year exceed $4.09 million.