Above All Accounting Inc.

10/16/2026

𝗖𝗮𝗻 𝗱𝗲𝗹𝗮𝘆𝗶𝗻𝗴 𝗺𝘆 𝗳𝗶𝗿𝘀𝘁 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝘀𝗮𝘃𝗲 𝗺𝗲 𝗺𝗼𝗻𝗲𝘆 𝗼𝗻 𝘁𝗮𝘅𝗲𝘀?

It can lower your taxable income for one year, but delaying that first RMD can leave you taking two required distributions the following year.

When you reach RMD age, you get a one-time option to delay your first distribution until April 1 of the following year.

But your second RMD still has to be taken by December 31 of that same year.

That means you could have two RMDs reported on one tax return.

That extra income could push some of your income into a higher tax bracket. It could also increase your income enough to trigger higher Medicare Part B and Part D premiums two years later.

Before choosing the April 1 delay, take time to estimate your income both ways: 𝘵𝘢𝘬𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘧𝘪𝘳𝘴𝘵 𝘙𝘔𝘋 𝘣𝘺 𝘋𝘦𝘤𝘦𝘮𝘣𝘦𝘳 31 𝘰𝘳 𝘵𝘢𝘬𝘪𝘯𝘨 𝘵𝘸𝘰 𝘙𝘔𝘋𝘴 𝘵𝘩𝘦 𝘧𝘰𝘭𝘭𝘰𝘸𝘪𝘯𝘨 𝘺𝘦𝘢𝘳.

If you want help running those numbers before you make the decision, don’t hesitate to contact us. We can look at both years and see how each option affects your tax bracket and Medicare income thresholds.

10/15/2026

How To Donate Appreciated Stock to Avoid Capital Gains Tax For McMinnville Investors

See how to donate appreciated stock before year-end to wipe out capital gains tax and claim a full market value write-off.

10/15/2026

𝗖𝗮𝗻 𝘁𝗵𝗲 𝗜𝗥𝗦 𝘁𝗮𝗸𝗲 𝗺𝗼𝗻𝗲𝘆 𝗱𝗶𝗿𝗲𝗰𝘁𝗹𝘆 𝗳𝗿𝗼𝗺 𝗺𝘆 𝗽𝗮𝘆𝗰𝗵𝗲𝗰𝗸 𝗶𝗳 𝗜 𝗼𝘄𝗲 𝗯𝗮𝗰𝗸 𝘁𝗮𝘅𝗲𝘀?

Yes. If you reach the levy stage, the IRS can order your employer to send a chunk of your paycheck straight to them every pay period.

However, the law requires them to warn you first with a 𝘍𝘪𝘯𝘢𝘭 𝘕𝘰𝘵𝘪𝘤𝘦 𝘰𝘧 𝘐𝘯𝘵𝘦𝘯𝘵 𝘵𝘰 𝘓𝘦𝘷𝘺. That gives you a 30-day window to take action. This will either be setting up a payment plan or coming to some kind of settlement (if you're eligible).

Don't miss that deadline, or you lose your primary leverage to stop the levy.

If you want help with a path forward, comment 𝗛𝗘𝗟𝗣 below. We'll look at your notice, check your timeline, and help you file an appeal before the deadline hits.

10/14/2026

Can ChatGPT Help With Taxes? A Guide for McMinnville Taxpayers

Can ChatGPT help with taxes? Learn where AI can help and where you’ll need an experienced Yamhill County tax professional to step in.

10/14/2026

Top financial moves in the last few months of the year...GO

10/13/2026

𝗖𝗮𝗻 𝘁𝗮𝗸𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗺𝗼𝗻𝗲𝘆 𝗼𝘂𝘁 𝗼𝗳 𝗺𝘆 𝗜𝗥𝗔 𝗺𝗮𝗸𝗲 𝗺𝘆 𝗦𝗼𝗰𝗶𝗮𝗹 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝘁𝗮𝘅𝗮𝗯𝗹𝗲?

Yes, IRA withdrawals can increase what the IRS calls your provisional income, which determines how much of your Social Security benefits become taxable.

The IRS calculates provisional income using:
• Your Adjusted Gross Income (AGI)
• Tax-exempt interest
• 50% of your Social Security benefits

Depending on that total, your Social Security falls into one of three ranges: none of your benefits are taxable, up to 50% can be taxable, or up to 85% can be taxable.

But that doesn't mean you're paying an 85% tax rate on Social Security. Instead, up to 85% of the benefits you received could be included in your taxable income and then taxed at your ordinary income tax rate.

𝘖𝘯𝘦 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘥𝘦𝘵𝘢𝘪𝘭: Even tax-exempt interest counts in this calculation.

For example, interest from municipal bonds may not be taxable itself, but the IRS still adds it when calculating your provisional income. That additional income could push you across a threshold where a larger portion of your Social Security becomes taxable.

The same thing can happen when you take additional taxable withdrawals from a Traditional IRA. A larger withdrawal raises your AGI, which can raise your provisional income and potentially make more of your Social Security taxable too.

𝘏𝘢𝘷𝘦 𝘺𝘰𝘶 𝘤𝘩𝘦𝘤𝘬𝘦𝘥 𝘸𝘩𝘢𝘵’𝘴 𝘱𝘶𝘴𝘩𝘪𝘯𝘨 𝘶𝘱 𝘺𝘰𝘶𝘳 𝘱𝘳𝘰𝘷𝘪𝘴𝘪𝘰𝘯𝘢𝘭 𝘪𝘯𝘤𝘰𝘮𝘦?

10/12/2026

Did you know...
• The IRS is navigating “significant workforce reductions”
• Only 21% of calls reached an IRS assistor during the 2026 filing season
• Taxpayers waited an average of 45 minutes just to reach someone on the Installment Agreement/Balance Due line

Before calling the IRS, see if you can find the answer on your IRS Online Account or the "Where's My Refund" tool.

If you do have to call, make sure you have all of the relevant paperwork right in front of you (𝘺𝘰𝘶𝘳 𝘵𝘢𝘹 𝘳𝘦𝘵𝘶𝘳𝘯, 𝘢𝘯𝘺 𝘐𝘙𝘚 𝘯𝘰𝘵𝘪𝘤𝘦𝘴 𝘺𝘰𝘶 𝘳𝘦𝘤𝘦𝘪𝘷𝘦𝘥, 𝘚𝘚𝘕/𝘐𝘛𝘐𝘕, 𝘢𝘯𝘥 𝘥𝘰𝘤𝘶𝘮𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯 𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤 𝘵𝘰 𝘺𝘰𝘶𝘳 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯).

Plan to call later in the week. Wait times are typically shorter Wednesday through Friday now that filing season is over.

Your best option, though, is to 𝘩𝘢𝘷𝘦 𝘶𝘴 𝘮𝘢𝘬𝘦 𝘵𝘩𝘦 𝘤𝘢𝘭𝘭 for you.

We have access to practitioner-only IRS support lines and can often get answers and responses much faster.

10/09/2026

𝗜𝘀 𝗶𝘁 𝘁𝗼𝗼 𝗹𝗮𝘁𝗲 𝘁𝗼 𝗴𝗲𝘁 𝗦 𝗰𝗼𝗿𝗽 𝘀𝘁𝗮𝘁𝘂𝘀 𝗶𝗳 𝗜 𝗺𝗶𝘀𝘀𝗲𝗱 𝘁𝗵𝗲 𝗠𝗮𝗿𝗰𝗵 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲?

Not necessarily. If your business qualifies for late-election relief, the IRS may recognize your S corp election from the date you originally intended. Generally, you must request relief within three years and 75 days of that date.

I can compare your filings with what the IRS has on record, determine whether late-election relief applies, and handle the request and any return corrections needed.

If you missed the deadline or your S corp return was rejected, send me a message. Let’s find out what happened and get the right filings in place.

10/08/2026

𝗖𝗮𝗻 𝘀𝗼𝗺𝗲𝗼𝗻𝗲 𝗹𝗼𝗼𝗸 𝗮𝘁 𝗺𝘆 𝗳𝗶𝗹𝗲𝗱 𝘁𝗮𝘅 𝗿𝗲𝘁𝘂𝗿𝗻 𝘁𝗼 𝘀𝗲𝗲 𝗶𝗳 𝗜 𝗺𝗶𝘀𝘀𝗲𝗱 𝗮𝗻𝘆 𝘄𝗿𝗶𝘁𝗲-𝗼𝗳𝗳𝘀?

Yes, we can review a return you’ve already filed, even if someone else prepared it, to check for deductions or credits you may have missed.

If we find something, we can amend your return to claim what was missed.

It won’t apply in every situation. But if something looks off on one of your past returns, schedule an appointment and we can review it with you.

10/08/2026

What Taxes Do You Pay in Retirement That Most McMinnville Retirees Overlook?

What taxes do you pay in retirement? From Social Security to RMDs, learn how proactive timing can keep more money in your pocket.