BELNAVIS

NEW SERIES: The IRS 2026 “Dirty Dozen” 12 Tax Scams You Need to Know
Tax scams aren't limited to tax season.
Every year, the IRS publishes its Dirty Dozen, that is12 scams and questionable tax strategies taxpayers, business owners, and tax professionals should have on their radar.

Scammers are getting more sophisticated.
This year's list includes:
🔹 AI-powered IRS impersonation
🔹 Fake charities
🔹 Social media “tax hacks”
🔹 Identity theft
🔹 Bogus tax credits
🔹 Ghost tax preparers
🔹 Inflated deductions and withholding
🔹 Tax debt relief schemes
…and more.
Over the next several posts, we'll break down all 12 scams, explain the red flags, and share practical ways to protect yourself and your business.
When it comes to taxes:
If it sounds too good to be true, it deserves a second look.
Follow BELNAVIS for the complete 2026 Dirty Dozen Series.

"Happiness doesn't depend
on what we have, but it does
depend on how we feel towards
what we have.

We can be happy with little
and miserable with much."

Happy Monday!

I love my peeps at Smyrna Business Association. Today, as the conscious CPA that I am, I explained to this room full of business owners that Money Is Energy.

Every dollar represents an exchange of value.

When we become more aware of the energy behind our financial decisions, we begin to create a healthier relationship with money.

Money is called currency because its intended to flow; Be intentional with how you receive it and how you direct it.

Does money flow easily, freely and effortlessly for you?

Shout out to Burke Scott from Smyrna Vinings Lifestyle for his educational presentation this morning.

Do You Need to Make Estimated Tax Payments?
Many taxpayers assume estimated taxes only apply to business owners. That's not always the case.

You may need to make estimated tax payments if you receive income that isn't subject to withholding, including:

• Self-employment or business income

• Gig economy or freelance income

• Rental income

• Interest and dividends

• Capital gains

• Certain retirement distributions

Generally, individuals should consider estimated tax payments if they expect to owe $1,000 or more when they file their tax return.
Making timely estimated tax payments can help you:

✔️ Avoid underpayment penalties

✔️ Better manage your cash flow

✔️ Eliminate surprises at tax time
If your income changes during the year, your estimated tax payments should change too.

We are Past the Half Way Point of the Year … Have You Reviewed Your Business Numbers Yet?
We are past the halfway point of the business year; a perfect time to stop, evaluate, and plan before year-end.
Ask yourself:
✔️ Is my business on track to meet its profit goals?
✔️ How does my year-to-date revenue compare to last year?
✔️ Are my expenses growing faster than my sales?
✔️ Will I owe estimated taxes, and am I prepared?
✔️ Are there tax-saving opportunities I should implement before December?

Too many business owners wait until tax season to look at their financials. By then, it's often too late to make meaningful changes.
Reviewing your year-to-date financial statements now gives you time to improve profitability, strengthen cash flow, and implement proactive tax strategies before the year ends.

Your books shouldn't just tell you where you've been, they should help guide where you're going.
If you haven't reviewed your financial statements yet, now is the time.

BELNAVIS, LLC | Empowering Your Journey to Purpose & Profit

"There is no job with a future in it; the future is in the one who does the job." Eric Butterworth

The future belongs to those who:
• Continue learning and growing
• Take ownership of their work
• Look for solutions instead of excuses
• Serve others with excellence
• Create opportunities where others see obstacles
Your greatest asset isn't your job; it's your character, your skills, and your willingness to grow.
Invest in yourself, and you'll create a future no one can take away.

Your Business Is Busy... But Is It Profitable?

Many business owners mistake sales for success.
You can be busy every day, have customers walking through the door, and still lose money if you haven't reached your break-even point.

Ask yourself:
• How much revenue do I need each month just to cover my expenses?
• How many products or services must I sell before I make a profit?
• If sales drop by 10%, can my business still cover its bills?

These are the questions a break-even analysis answers.

Once you know your break-even point, every sale beyond that point contributes to your profit.

Revenue keeps the doors open. Profit builds wealth. Knowing your break-even point helps you achieve both.

Do You Know Your Business Break-Even Point?

Your break-even point is the point where your sales are enough to cover all of your business expenses no profit, but no loss either.

Why does it matter?
• It tells you the minimum sales you need each month to stay in business.
• It helps you set realistic sales goals.
• It helps you price your products and services more effectively.
• It helps you decide whether it's time to hire, expand, or reduce costs.



At BELNAVIS, we use break-even analysis to help clients answer questions like:
• "How much do I need to sell each month?"
• "Can I afford to hire another employee?"
• "How much do I need to increase prices to remain profitable?"

Understanding your break-even point turns guesswork into informed business decisions.

Know your numbers. Grow your business.