Williams Tax & Small Business Solutions LLC

💰 Don’t Let the IRS Stress You Out This Tax Season!

Whether you’re an employee, self-employed, or a small business owner, we’ve got you covered. Let a professional handle the numbers while you focus on what matters most.

📌 Fast • Accurate • Affordable
📅 Limited appointments available — schedule now! www.wtsbsllc.net

EITC and ACTC Refunds Available Around March 2

Most refunds for the earned income tax credit (EIC) and the additional child tax credit (ACTC) are expected to be available in bank accounts or on debit cards around March 2, 2026, for taxpayers who chose direct deposit and have no other issues with their returns. Some taxpayers may receive their refund earlier, depending on their financial institution.

Where’s My Refund? will provide projected deposit dates for most early EIC/ACTC refund filers by Feb. 21, 2026.

The Internal Revenue Service has announced Monday, Jan. 26, 2026 as the official start date of the nation's 2026 tax season when the agency will begin accepting and processing 2025 individual tax returns.

Government Shutdown Comes to an End

While President Trump signed the Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026, last night, it only extends current funding through Jan. 30, 2026, for most agencies. Funding for the Department of Agriculture, Food and Drug Administration, Department of Defense military construction and family housing activities, and the Department of Veterans Affairs are funded through fiscal year 2026.

In addition to providing funding, the bill also reverses reductions in force that occurred as a result of the shutdown and prohibits further reductions through Jan. 30, 2026. The bill did not include an extension of COVID-era enhancements to the premium tax credit, which is set to end at the end of this year. Plans are in place to review this sticking point in December. NATP will keep you posted regarding any developments in this area.

‼️‼️‼️If you’re on SNAP, Medicaid, or Section 8, please take a few minutes to read the actual sections of the Big Beautiful Bill that deal with your benefits. 🙂Don’t rely on TikToks or Facebook posts. Some of the info being shared is half-true—or just plain wrong.🙄🙈

You can search these sections to get straight to the facts:

👀Section 10102 – SNAP work & eligibility changes

👀Section 12005 – Medicaid work requirements

🚩🚩🚩🚩🚩New SNAP & Medicaid rules: 🚩🚩🚩

People age 18-64 must work 80 hours a month, volunteer or meet educational requirements.

Parents must meet work requirements if you have children 14 and older.

Kids age 14-18 must meet educational or work requirements.

Does not affect disabled, elderly or caregivers of disabled.

Eligibility is determined every 6 months with proof of required employment or education.

‼️‼️SNAP & Medicaid 80‑Hour Work Requirement (Ages 18–64)
🚩😭The recently passed “One Big, Beautiful Bill Act” (signed July 3, 2025) mandates that able-bodied adults ages 19–64 must complete at least 80 hours per month of work, volunteering, job training, or half-time schooling to maintain Medicaid eligibility .
🚩The same 80‑hour requirement applies to SNAP beneficiaries between ages 18–64 (up from 18–64) .
🚩Exemptions include disabled individuals, elderly, caregivers of dependents, pregnant women, and people with substance-use disorders or certain medical conditions .

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2. 🚩Verification & Frequency
• Medicaid eligibility checks will be required every six months (almost doubling from annual reviews), and recipients must document compliance (work/education) to stay enrolled.

3. 🚩Parents of Teens (Age 13+)
• The law doesn’t single out parents of 13+ kids specifically. Instead, it exempts parents and caregivers of dependent children, regardless of age, from the requirements .

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4. 🚩Teens Aged 14–18
• Your statement (kids 14–18 must meet educational or work requirements) isn’t supported by the bill. The law does not impose new mandates specifically on this age group.

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5. 🚩Disabled, Elderly & Caregivers
• These exemptions are confirmed. Individuals with disabilities, elderly people, caregivers of dependents, pregnant people, and those in treatment are not subject to these work or education requirements

Beware of scams offering lures like fake Economic Impact Payments. If you get one of these -related text messages, don’t click links or provide any response. Learn more at: www.irs.gov/scams

BOI Reporting Deadline Now March 21

On Feb. 18, a Texas district court lifted the last remaining nationwide block against enforcing the Corporate Transparency Act (CTA), restoring beneficial ownership information (BOI) reporting requirements.

To allow businesses additional time to comply, FinCEN has extended the BOI filing deadline by 30 days for most companies. The new filing deadline is March 21, 2025, unless a later date applies to businesses in a federally declared disaster area. FinCEN is also considering further modifications to reporting requirements and deadlines, particularly for lower-risk small businesses.

Visit www.wtsbsllc.net to make your appointment or give me a call at 2052910016 to discuss getting this requirement fulfilled!

WILLIAMS TAX & SMALL BUSINESS SOLUTIONS The Neighborly team offers tax planning, IRS representation, tax preparation, accounting and more. We pride ourselves on delivering an amazing customer experience with top notch service. Schedule an appointment or visit us today.

The IRS announced the official day thet start accepting returns is January 27, 2025!!

Make your appointment at www.wtsbsllc.net

🚨 Important BOI Reporting Update 🚨

The Fifth Circuit Court of Appeals has granted a stay, temporarily reversing a lower court’s decision to block the Corporate Transparency Act (CTA). This means the CTA and its reporting requirements are back in effect IMMEDIATELY.

If your business qualifies as a “reporting company,” you are required to file beneficial ownership information FinCEN. Compliance is mandatory, and the deadline to submit this information is fast approaching—January 1, 2025.

Contact me today to get yours filed!

Stay tuned for more updates! 💼