Tax Wise Financial Services, LLC

10/14/2026

Tax Tip 2026-74: The deadline to file 2025 taxes is tomorrow Internal Revenue Service (IRS) sent this bulletin at 10/14/2026 01:41 PM EDT IRS Tax Tips Oct. 14, 2026 Issue Number: Tax Tip 2026-74 The deadline to file 2025 taxes is tomorrow Oct. 15, 2026 An extension to file is not an extension to pay...

09/18/2026

We are honored to have been nominated and thrilled to have won the 2026 Best of the Midcoast Tax Preparation Service Award. 😊

Thank you to all of our clients and all those who voted for us!❤️ We truly appreciate it.

We know taxes are confusing and stressful for many. Our goal is to help walk you through the process.

Our team with John and Courtney at the front desk, Karen with data entry support or Amy meeting with clients and completing the tax returns strive to bring you the best service possible.

We look forward to continue providing tax preparation services to the Midcoast area.

07/14/2026

Be sure you are keeping your mileage log up to date. We have another split year for mileage rates.

Higher fuel prices prompted the IRS to raise the business, medical, and qualified moving rates for mileage on or after July 1, 2026.

01/12/2026

Key Dates for the 2026 Tax Season

January 13, 2026, at 9am ET the IRS will begin accepting most business tax returns for the 2025 tax filing year.

January 26, 2026: The official start of the personal tax return 2026 tax season. The IRS will begin processing all individual 2025 tax returns submitted electronically or by mail. The IRS strongly recommends electronic filing and electronic payment to the IRS.

THE IRS IS ONLY ISSUING REFUNDS VIA ELECTRONIC DEPOSITS INTO A CHECKING OR SAVINGS ACCOUNT STARTING 9/30/2025. (Mandate: The shift to electronic payments was mandated by Executive Order 14247, signed in March 2025, which requires all federal agencies to cease issuing paper checks (to the extent permitted by law) to improve security, speed, and efficiency.)

January 31, 2026: The deadline for employers and financial institutions to furnish Forms W-2, 1099s, and other information returns to taxpayers.

March 16, 2026, as March 15 falls on a Sunday. Pass-through entities (Partnerships and S Corporations)

April 15, 2026. C Corporations: The general deadline for calendar-year filers is April 15, 2026.

April 15, 2026: The deadline for most taxpayers to file their federal income tax returns and pay any taxes owed.

Extensions: An extension to file (usually six months) can be requested using Form 7004,
BUT THIS DOES NOT EXTEEND THE TIME TO PAY THE TAX A TAXPAYER OWES THE IRS.
Payments must still be made by the original due date to avoid penalties and interest.

September 15, 2026: The deadline for those who requested an extension to file their completed Form 1120-S Corporate or Form 1065 Partnership/Multi-Member LLC tax returns.

October 15, 2026: The deadline for those who requested an extension to file their completed return (note: payment of taxes owed was still due by April 15).

10/09/2025

09/30/2025

The has assessed more than $162 million in penalties over false tax credit claims linked to fraudulent tax advice promoted on social media.

Read the agency’s alert: https://ow.ly/kbSS50WTrjw

09/24/2025

Paper checks are over 16 times more likely to be lost, stolen, altered, or delayed than electronic payments. By Transitioning into electronic tax refunds, the is helping taxpayers stay safe. See: https://ow.ly/KHvu50X1sAr

07/09/2025

Changes to Charitable Contributions

Starting in 2026, taxpayers can claim a separate deduction of up to $2,000 MFJ ($1,000 for all other filers) for cash gifts, provided they are not made to a private foundation or donor advised fund.

07/09/2025

CNBC's Robert Frank reports on the tax changes for charitable giving.

04/29/2025

The doesn’t initiate contact with taxpayers by email, text message or through social media to request personal or financial information. Don’t reply or open any links. Report these scams to the IRS for your : www.irs.gov/phishing