AMC TAXES, Preparation & Filing

10/10/2026

Did your child get $250 this week? You need to know this. 👶

Michael and Susan Dell pledged $6.25 billion to deposit $250 into federal ‘Trump Accounts’ for qualifying children.

The money comes through the Michael & Susan Dell Foundation, Michael Dell founded Dell Technologies.

Who qualifies: children born 2016 through 2024 (age 10 or under) living in lower and middle income ZIP codes, plus all military families no matter the ZIP. About 70% of kids under 10 live in a qualifying ZIP.

Those deposits landed on Friday. If your child qualifies, there may already be $250 sitting with their name on it.

The $250 landed automatically, but you cannot see it, touch it, or manage it until you CLAIM the account in the official Trump Accounts app. Unclaimed, it just sits in an S&P 500 index fund.

And do not confuse this with the $1,000. That is a separate federal pilot for children born 2025 through 2028, and a parent also has to claim the account to get it.

So check your child’s account or claim it if you haven’t done so yet.

Share this with any parent who should check too, most people have no idea this money exists. 👇

10/10/2026

Did your child get $250 this week? You need to know this. 👶

Michael and Susan Dell - pledged $6.25 billion to deposit $250 into federal ‘Trump Accounts’ for qualifying children.

Who qualifies: children born 2016 through 2024 (age 10 or under) living in lower and middle income ZIP codes, plus all military families no matter the ZIP. About 70% of kids under 10 live in a qualifying ZIP.

Those deposits landed on Friday. If your child qualifies, there may already be $250 sitting with their name on it.

The $250 landed automatically, but you cannot see it, touch it, or manage it until you CLAIM the account in the official Trump Accounts app. Unclaimed, it just sits in an S&P 500 index fund.

And do not confuse this with the $1,000. That is a separate federal pilot for children born 2025 through 2028, and a parent also has to claim the account to get it.

So check your child’s account or claim it if you haven’t done so yet.

Share this with any parent who should check too, most people have no idea this money exists. 👇

10/09/2026

Did you have a child born between 2025 and 2028? You need to know this. 👶

The Treasury just auto-enrolled ~60 MILLION children in new Trump Accounts, bringing the total to ~70 million kids with an investment account in their name. Every eligible child under 18 with a Social Security number now has an account waiting to be claimed.

But here’s what most headlines miss 👇

✅ An AUTO account is NOT automatic money. Only children born 2025–2028 qualify for the federal $1,000 pilot deposit, and a parent must still CLAIM the account and make the election.
✅ Less than 1% of auto-created accounts have been claimed so far, don’t let yours sit idle!
✅ Until you claim it through the official Trump Accounts app, you can’t manage it or receive contributions.
✅ Parents can add up to $5,000/year (employers up to $2,500), and funds grow in low-cost index funds until your child turns 18.

This is real proactive planning for your child’s future, but the paperwork step is yours. Don’t leave it on the table. 💪

Have you claimed your child’s account yet? 👇
AMCtaxes

10/03/2026

5K. Done. ✅

Now let’s run through some tax returns! 🏃‍♀️📑

09/30/2026

October 15 isn’t just the extended tax return deadline ⏰🧾

It’s also the FBAR deadline - this one catches people off guard.

If you’re a U.S. person with foreign bank or financial accounts that added up to more than $10,000 at ANY point in 2025, you must file FinCEN Form 114. Not with your tax return, separately, through FinCEN. And “I didn’t know” won’t save you: courts treat that as willful blindness.

Just ask Patricia Bowden, a former Goldman Sachs banking executive living in Australia. She didn’t file FBARs for three Australian accounts in 2016 and 2017, and a federal court just ordered her to pay $860,590. The court found she knew the rules and filed anyway... or rather, didn’t.

The penalties:
• Non-willful: up to $16,536 per missed report
• Willful: up to $165,353 OR 50% of the account balance, whichever is greater

Dual citizens, green card holders, expats, anyone with signature authority over a foreign account, this means you‼️

Don’t wait until the last minute. Review your accounts and get the FBAR filed.
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09/30/2026

October 15 is coming! ⏰🧾

Have you filed yours yet, or is it still sitting on your to-do list? 👀

A few more weeks to get those extended tax returns filed.

Don’t wait until the last minute. Review your documents, make sure you’re taking the deductions and credits you’re eligible for, and get your return filed.

An extension is extra time to file, not extra time to pay.
AMCtaxes

09/30/2026

07/12/2026

✈️ Think a credit card statement is enough to survive an IRS audit? Think again.

In this IRS Audit, one of the items under review is nearly $100,000 of travel write-offs claimed on Schedule C.
The IRS doesn’t just want proof you spent the money, they want proof the trip was actually for business.
✈️ Where you traveled
📅 When you traveled
💼 The business purpose of the trip
👤 Who traveled
🧾 and of course Receipts and invoices supporting the expenses.

No documentation? The deduction could be disallowed.🚨 Follow for Part 3, where I’ll show you another item the IRS requested—and why it caught their attention.
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