Sandoval Tax CPAs, Inc.

If the IRS comes to your home or business, will you be required to talk to them? 🤔

Actually, no. You can politely ask for a business card and let them know that your attorney or CPA will be in touch with them instead. ✅

The IRS just introduced a new way to prove your tax compliance.

It’s called the tax compliance report, and you can access it through your IRS online account.

Unlike a traditional tax transcript, it provides a detailed look at your filing and payment history and includes a digital IRS certificate to verify its authenticity.

You can use it for loan applications, job applications, government benefits and more.

There’s a lot of business owners out there who know what these words mean, yet they couldn’t tell you what these numbers are for their OWN business. 🤦‍♂️

Knowing your numbers = business success.

If you’re in need of accounting help, tap the link in my bio and schedule a FREE TAX ASSESSMENT with my team today. 📱

Last week the IRS announced potential new rules that could affect tax credits for non-citizens.

The proposal would classify the refundable portion of some tax credits as “federal public benefits”.

If finalized, some non-citizens could still claim the non-refundable portion of these tax credits, but would no longer be able to receive a refund from the refundable portion.

As of now this is still only a proposal and is not currently in effect.

If you’re paying off a student loan, remember that the interest paid on that loan is tax deductible.

For 2026 you can deduct up to $2500 of student loan interest paid.

And yes you can use this tax break even if you use the standard deduction!

This billionaire paid $40 million for the new Ferrari Luce. 🤯

That’s $39 million more than the car is estimated to be worth.

That extra $39 million was for charity though and a huge charitable contribution usually equals huge tax savings. 💰

What do you guys think? Would you have paid $40 million for this car??

Commercial properties are typically depreciated over 39 years, but with a cost segregation study, you can speed things up and cut your tax bill TODAY. 🏢

More depreciation = lower taxable income = more cash to reinvest back into your business.

If you own a commercial or rental property, tap the link in my bio and schedule a FREE TAX ASSESSMENT with my today and let’s find out if a cost segregation could work for you. 📱