718 Tax & Financial Services

March momentum starts now - smart 2026 tax planning, credits vs. deductions, retirement tips for every age, and stronger protection against 2FA scams. Read more in this month's newsletter.

718 Newsletter: March 2026 March is all about momentum, especially when it comes to planning ahead for 2026. In this month’s newsletter, we explore why your tax planning cycle begins now and share practical steps to help you get started in the right direction. A key part of this strategy is understanding the difference...

One of the best tax deductions is your home. Know the rules to maximize your tax benefit.

Your Home. A Bundle of Tax Benefits. Are you capturing all the tax benefits built into homeownership? Here are the most common.

Did you know you can rent your home or cabin tax-free for up to 14 days per year?

Tax-Free Rental of Your Property Did you know you can rent out your home or vacation property for up to 14 days and not need to claim the income? Here are some tips to take advantage of this opportunity.

Partnerships and S Corporations must file their tax returns on time...or else. Here is the penalty.

The IRS Says - Late filing of S corporation and partnership returns can be costly Over the past few years, the IRS has penalizing late filers of sub S corporation and partnership tax returns. This despite the fact that late filing of the tax return does not typically impact the timely payment of the tax.

A little preparation can make tax season smoother. This month's newsletter shares tips for early organization, avoiding IRS issues, cutting hidden costs, and helping protect your kids online.

718 Newsletter: February 2026 A little preparation can change the entire tax return experience. In this month's newsletter, read about how getting organized early with a clear checklist can help you gather the right information and avoid last-minute pressure. You'll also learn how spotting easy-to-miss income sources can help yo...

Understand contemporaneous or pay the price. An IRS term with meaning.

Understanding Tax Terms: Contemporaneous Records - What you need to know The Internal Revenue Service has a vocabulary of their own. One of the more important is their use of the word "contemporaneous". What does it mean, and why should you care?

The 10% early withdrawal penalty does not always need to sting you. Here are ways to leverage retirement assets without that penalty.

The 10% Early Withdrawal Penalty - A penalty to avoid with these tips While it is not a good idea to tap retirement accounts prior to retirement age, sometimes it cannot be avoided. What can often be avoided, however, is the punitive 10% penalty for early fund distributions. Outlined here are exceptions to the 10% penalty rule.

The IRS increased the standard business mileage rates for 2026. Here are the details.

2026 Mileage Rates are Here! - New mileage rates announced by the IRS Here are the standard mileage rates for 2026.

Reminder: Q4 estimated tax payment is due Thursday, January 15, 2026.

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

Smarter tax moves, simple ways to stay organized during tax season, solid money ideas, and tech changes already shaping daily life. Here's a quick read with value that lasts beyond January.

718 Newsletter: January 2026 Happy New Year! With the holidays behind us, it's time to summarize last year's activities and prepare to file your 2025 tax return. So as you wait to receive the needed documentation, why not consider squeezing in a tax-savings New Year's resolution? This month's newsletter outlines three to consid...