BG Business Services

01/23/2026

Some IRS tax tips on the overtime portion of the OBBBA

FS-2026-01, January 2026 — This Fact Sheet provides answers to frequently asked questions about the new deduction for qualified overtime compensation, such as who may be eligible to claim the deduction, including federal employees, and where to find supplemental information on eligibility and othe...

01/22/2026

IRS E-file opens now in just a few short days, Monday January 26. Be sure to get your documents organized and ready. Check out this link for some IRS tips. One big new thing to remember for this year is that the IRS has phased out paper checks. You will need a special exemption to receive refunds or make payments via paper check.
Any questions contact Benjamin Gruel at 315-551-9530

01/16/2026

For all military service members, direct from the IRS

The Department of the Treasury and the Internal Revenue Service today confirmed that supplemental basic allowance for housing payments made to members of the uniformed services in December 2025 are not to be included in income by those who received the payments; they are not taxable.

In the One, Big, Beautiful Bill enacted last July, Congress appropriated $2.9 billion to supplement the basic allowance for housing payable to members of the uniformed services. In December, President Donald J. Trump announced that 1,450,000 military service members would receive a special “Warrior Dividend” before Christmas.

The resulting one-time supplemental payments of $1,776 made primarily to active-duty members of the uniformed services in the pay grades of O-6 and below and eligible Reserve Component members as of Nov. 30, 2025, of the Army, Air Force, Navy, Marine Corps and Space Force were funded by this appropriation.

Federal tax law specifically excludes from gross income a “qualified military benefit.” The basic allowance for housing payments are qualified military benefits and, therefore, are not taxable.

01/14/2026

01/09/2026

IRS has announced the E-File opening date. It is Monday January 26, 2026. That will be when the IRS begins to process returns. Returns can be filed and sent before then, but those returns just wait in a queue until that date.

IR-2026-02, Jan. 8, 2026 — The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which could impact federal taxes, credits and deductions.

01/08/2026

Regardless of your political leanings free child care is good for all parents in today's times

01/07/2026

If you are one of the lucky people who get to take advantage of the tax breaks on tips and overtime don't forget to use your last paystub of 2025 for verification of the W2 info, or even in place of it, if it doesn't appear.
Any questions please contact Ben Gruel for more info: 315-551-9530

01/05/2026

Looking for Income tax preparation for yourself or your business?
I have over 15 years of experience with both and would be happy to help make things easier for you.
Contact Benjamin Gruel(located in Liverpool NY) today at 315-551-9530

Call now to connect with business.

01/02/2026

Happy New Year Everyone! Hopefully everyone has a great 2026!

12/26/2025

IRS E-File for 2025 ends today for both personal and business returns. Now any return that needs to be filed must be paper filed until E-File reopens in late January 2026. Also ALL e-filing for 2022 personal returns is now over, all returns must be paper filed for that time period.