M & M Bookkeeping, Tax, and Business Services

10/16/2026

Tax Breaks for Vehicles

In this week's Ask the Editor Q&A, Joy Taylor answers questions on tax breaks for buying a vehicle, using a vehicle in your business and more.

10/14/2026

Thinking about filing a paper return? Paper returns took twice as long to process as last year.

Individual paper returns took an average of about 30 calendar days to process during the 2026 filing season, compared with 16 in 2025, according to the Government Accountability Office.

10/12/2026

More taxpayers have been applying for an "offer in compromise" since 2023, but the IRS has accepted far fewer requests.

More taxpayers have been applying for an "offer in compromise" since 2023, but the IRS has accepted far fewer requests. Tax experts are unsure why.

10/08/2026

Two major tax deadlines are approaching for individuals and taxpayers with foreign financial interests.

10/06/2026

Adoption Tax Credit: What You Need to Know for 2026

Due to a new tax law and annual IRS inflation adjustments, adoption tax credit amounts are higher.

10/01/2026

💵 Earned more than $20 in tips this September? Don't forget to report them to your employer by October 13! 🗓️Here is a quick breakdown of how it works:How to report: Use IRS Form 4070 or write a signed note with your name, address, SSN, employer info, and total September tips.Taxes: Your employer will take F**A and income taxes out of your regular wages.If your paycheck is short: Any uncollected taxes go into Box 8 of your W-2, and you will pay the rest when you file your yearly tax return. Get your report in on time to keep your records accurate! 💼✨

09/29/2026

With HSAs, employers are turning to the 401(k) playbook

More employers are automatically enrolling workers into health savings accounts and paying contributions like a "match."

09/28/2026

An extended trust and estate return deadline is approaching on September 30th. Need assistance on a related issue? Drop us a line or give us a call.

09/25/2026

Are you a farmer or rancher who has been affected by drought conditions?

The IRS issued guidance on Tuesday that extends tax relief for farmers and ranchers in 49 states and other regions who sold or exchanged livestock because of drought conditions.