ARK Penny Tax Services

Ouch! The Form 1099 you just received is wrong. Here's what you should do.

Review and Correct Your 1099s NOW! - What to do to fix this thorny problem Vendors are not perfect. What should you do when you receive a tax form that is in error?

Here are the top 5 reasons you should file your tax return early. Also learn what to do if you get a tax document with incorrect information and how teenagers can keep future college costs down.

Client Update Newsletter: February 2025 Some people avoid filing their tax return as long as possible because, well, anything dealing with taxes just isn’t fun. Other people don’t file right away because they know they owe a lot...and want to postpone making that big payment. In this month’s newsletter, read about severa...

If you are a contractor don't forget to plan and pay your taxes. Here are some of the basics.

Contractor versus Employee - Knowing the difference is very important Get this wrong and it could cost you and/or your employer. Are you a contractor or an employee?

IRS sending out $2.4 billion to a million taxpayers. Read more.

IRS Proactively Issues One Million Rebate Payments! - What you need to know In a surprising announcement, the IRS is sending out $2.4 billion in what it determined are unclaimed Recovery Rebate Credits. Here is what you need to know.

The IRS increased the standard business mileage rates for 2025. Here are the details.

2025 Mileage Rates are Here! - New mileage rates announced by the IRS Here are the standard mileage rates for 2025.

Reminder: Q4 estimated tax payment is due Wednesday, January 15, 2025.

Reminder: Fourth Quarter Estimated Taxes Now Due - Now is the time to make your estimated tax payment Plan now to make your 4th quarter estimated tax payment.

Must have information to avoid being a victim of identity thieves during tax season.

Tax Season is Scam Season - PLUS: Small Business Judicial ALERT Update Now is the time to be alert as tax season is the height of scam season as thieves attempt to steal your information and withholdings. Here are some tips.

Great tips to start the year off right; including tax organization, retirement funding smarts, and great financial tips. Read on!

Client Update Newsletter: January 2025 January marks the official beginning of the 2024 tax filing season. Informational tax returns will start pouring in, so too will the bad players trying to take advantage of the unwary taxpayer. So be on the alert for possible tax identity theft. Now is the time these bad players are most active. Thi...

A great way to shelter over $1,000 from tax each year is to leverage the kiddie tax rules. Here is what you need to know.

Leveraging Kiddie Tax Rules - PLUS: Small Business Judicial ALERT When done correctly, over $1,000 of unearned income be tax free for each child each year. But only if you know the rules. Here is what you need to know.

Taking full advantage of the Child and Dependent Care credit usually comes down to the details. Here is what you need to know.

Maximize the Child & Dependent Care Credit Are you getting the most out of this daycare credit? Here is a brief expanation of this popular tax credit and some tax tips to help.

Be more vigilant to phishing scams than ever! Here are some hints.

Gone Phishing? Unlike fishing, phishing has no limits and can hurt anyone it touches. As one of the top 12 IRS tax scams, you do not want to take this bait. Here is what you need to know.

Now is the time to plan next year's retirement contributions. Here's what you need to know.

Plan Your 2025 Retirement Contributions 2025 contribution limits are set for retirement plans. Now is a good time to plan your upcoming retirement contributions.