RLH Tax Services, LLC

𝙒𝙝𝙖𝙩 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄 𝙙𝙤 𝙞𝙛 𝙄 𝙘𝙖𝙣’𝙩 𝙥𝙖𝙮 𝙢𝙮 𝙄𝙍𝙎 𝙗𝙖𝙡𝙖𝙣𝙘𝙚 𝙖𝙡𝙡 𝙖𝙩 𝙤𝙣𝙘𝙚?

If you can't pay in full, ignoring the bill is the worst thing you can do. The IRS offers several relief options, and a Streamlined Installment Agreement is often one of the simplest paths.

For balances under $50,000, you can make monthly payments without going through the longer financial review process.

But that doesn’t mean you should guess at the payment amount or assume it's your only option.

Before setting one up, look at:
• What you owe
• What you can actually pay each month
• Whether all required returns are filed
• Whether the balance is under the $50,000 line

If an IRS balance has been sitting on your mind, don't guess at the right strategy. Let’s look at the numbers together and find the path that actually fits your situation.

We're almost at the midyear mark of 2026. Which means you still have six full months left in 2026 to shape your tax outcome for this year.

So let’s look forward now while we can actually lower your bill.

Call us to book your midyear review today.

𝙒𝙝𝙚𝙣 𝙬𝙞𝙡𝙡 𝙎𝙦𝙪𝙖𝙧𝙚, 𝙎𝙩𝙧𝙞𝙥𝙚, 𝙋𝙖𝙮𝙋𝙖𝙡, 𝙤𝙧 𝙑𝙚𝙣𝙢𝙤 𝙨𝙚𝙣𝙙 𝙢𝙮 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙖 𝙩𝙖𝙭 𝙛𝙤𝙧𝙢?

For the 2026 tax year, payment apps and online marketplaces are expected to send Form 1099-K only if your business processes more than $20,000 in gross payments and has more than 200 transactions on the platform.

If you use a traditional direct merchant credit card processor, the 200-transaction threshold does not apply. Card payments will be reported on Form 1099-K regardless of the amount.

Not receiving a tax form doesn’t mean the income can be left off your business records or tax return.

If money came into your business, your records should show the gross sale, any processor fees, refunds or chargebacks, and the final deposit.

On a scale of 1 to 10, how confident are you that your payment app fees, refunds, and chargebacks are being tracked correctly in your books?

𝙒𝙝𝙖𝙩 𝙨𝙢𝙖𝙡𝙡 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙘𝙤𝙨𝙩-𝙘𝙪𝙩𝙩𝙞𝙣𝙜 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙞𝙚𝙨 𝙬𝙤𝙧𝙠𝙚𝙙 𝙞𝙣 2025?

JPMorgan Chase’s 2026 Business Leaders Outlook found that business owners made several changes in response to cost pressure:

• 38% reduced non-essential expenses
• 32% raised prices on all products or services
• 31% added new products or services
• 30% raised prices on select products
• 25% invested in technology to improve operations

Which of these changes did you make in your business in 2025?

Is Student Loan Forgiveness Taxable for Oklahoma City Taxpayers in 2026?

Is Student Loan Forgiveness Taxable for Oklahoma City Taxpayers in 2026? Is student loan forgiveness taxable this year? See how 2026 tax rule changes may affect your refund, AGI, and IRS reporting.

𝙄𝙨 𝙢𝙮 𝙨𝙩𝙪𝙙𝙚𝙣𝙩 𝙡𝙤𝙖𝙣 𝙛𝙤𝙧𝙜𝙞𝙫𝙚𝙣𝙚𝙨𝙨 𝙩𝙖𝙭𝙖𝙗𝙡𝙚 𝙩𝙝𝙞𝙨 𝙮𝙚𝙖𝙧?

For loans forgiven in 2026, the answer depends on which forgiveness program your discharge came from.

Some forgiveness is still tax-free at the federal level, including:
• Public Service Loan Forgiveness
• Teacher Loan Forgiveness
• Death discharge
• Many total and permanent disability discharges

But if your forgiveness comes through a long-term Income-Driven Repayment plan, you may need to plan for a federal tax bill.

If your loans are being forgiven this year, don’t wait until tax time to check your paperwork.

DM us to schedule a time to review your forgiveness program, discharge date, and what it could mean for your return.

The economy added 172,000 jobs in May.

So why does hiring still feel so hard for your business?

The report looked strong overall, but growth wasn’t spread evenly across every industry.

If you’re struggling to find employees, it might be time to look at the team you already have:

• Who could grow with a little training?
• What tasks could be shared differently?
• What tools could take pressure off the team?

When hiring feels stuck, start inside your own business.

https://www.hr-brew.com/stories/may-job-growth-uneven-labor-market?mbcid=46039271.4093642&mblid=2a8ee9dc8a40&mid=07b33c9f5339a15bd3763206a28228ec&utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew

𝙒𝙝𝙖𝙩 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄 𝙙𝙤 𝙞𝙛 𝙢𝙮 𝙣𝙤𝙣𝙥𝙧𝙤𝙛𝙞𝙩’𝙨 𝙧𝙚𝙘𝙤𝙧𝙙𝙨 𝙙𝙤𝙣’𝙩 𝙢𝙖𝙩𝙘𝙝 𝙬𝙝𝙖𝙩 𝙬𝙚 𝙧𝙚𝙥𝙤𝙧𝙩𝙚𝙙 𝙤𝙣 𝙁𝙤𝙧𝙢 990?

Start by reviewing why there is a difference between your records and what was reported on Form 990.

Is it a revenue issue? Were expenses not recorded accurately (or missed)? Were there donor restrictions or board approvals involved? Was unrelated business income overlooked?

When you see a discrepancy, take time to compare the return against your:
• Financial records
• Board minutes
• Donor restrictions
• Program activity
• Unrelated business income records

If something doesn’t match, we can help you review the issue, document what happened, and decide what needs to be corrected. DM us to schedule an appointment.

𝘾𝙤𝙪𝙡𝙙 𝙖 𝙡𝙖𝙩𝙚 𝙁𝙤𝙧𝙢 990 𝙥𝙪𝙩 𝙢𝙮 𝙣𝙤𝙣𝙥𝙧𝙤𝙛𝙞𝙩 𝙖𝙩 𝙧𝙞𝙨𝙠?

Yes, if a nonprofit misses 3 Form 990 filings in a row, its tax-exempt status is automatically revoked. And even before it gets to that point, late or missing filings can raise questions with the IRS.

Make sure you're...
• Tracking donated dollars
• Using restricted funds as promised
• Reporting activities accurately
• Keeping nonprofit money separate from private benefit

And if your Form 990 is filed, review it against your records while the details are still fresh. (Or let us handle it for you.)

𝙒𝙝𝙖𝙩 𝙙𝙤 𝙄 𝙖𝙘𝙩𝙪𝙖𝙡𝙡𝙮 𝙣𝙚𝙚𝙙 𝙩𝙤 𝙛𝙞𝙜𝙪𝙧𝙚 𝙤𝙪𝙩 𝙗𝙚𝙛𝙤𝙧𝙚 𝙄 𝙨𝙩𝙖𝙧𝙩 𝙖 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨?

A new idea doesn’t have to be perfect before you try it. But it does need to answer:
1. Who is this for?
2. What problem does it solve?
3. What would someone actually pay for?
4. What’s the smallest way to try it?

A business is an opportunity to fill a need, so making sure you're clear on what need is being filled and how to actually charge for it is your basis for everything.