Fields Accounting Firm, Inc

Tax season is HERE — and we’re helping you keep more of your money.
Book your tax appointment today and let Fields Accounting Firm handle the hard part.

Individuals • Families • Small Business

www.fieldsaccountingfirm.com

Ask Ashley Segment | Tax Tip

Wondering why your tax refund was offset?

The IRS can take your refund to pay:
• Past-due federal or state taxes
• Student loans in default
• Child support arrears
• Certain government debts

Even if you filed correctly, offsets happen when there’s an outstanding balance.

You’ll usually receive a notice explaining where your refund went.

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Questions? Drop them below

Still guessing where your money is going each month?
Monthly accounting keeps your books clean, your cash flow clear, and your business compliant—without the stress.

At Fields Accounting Firm, we don’t just track numbers—we help you understand them.

Check out the right plan for you or schdule a clall with our trusted Accounant.
https://www.fieldsaccountingfirm.com/Businessaccounting

Here’s a **short, clean reel text** you can put directly on screen 👌🏽

**Ask Ashley 💬 | Tax Tip**

Showing losses year after year?
The IRS may treat your business as a **hobby**.

Rule of thumb:

- Profit in **3 of the last 5 years** = business
- Ongoing losses = IRS scrutiny

It’s not just about profit—the IRS looks at **intent, records, and how you operate**.

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Questions? Comment below

www.fieldsaccountingfirm.com.com

Ask Ashley Segment | Tax Tip

Filing Married Filing Separately but your W-4 says Married Filing Jointly

That’s why you owe.

When you select Married Jointly Jointly on your W-4, your employer withholds taxes using

Married Filing Jointly rules:
• Lower tax rates
• Larger standard deduction
• Wider tax brackets

But when you actually file Married Filing Separately, the IRS recalculates your taxes using:

• Higher, single-like tax brackets
• Smaller standard deduction
• Fewer credits

Result: Under-withholding = tax bill

Why it’s worse for dual-income couples

Each employer withholds as if that job is your only income—causing:
• Under-withholding
• Surprise tax bills
• Possible penalties

Takewway: USe the same filing status on the W4 when you file the tax return. For dvanced tax strategies, reach out to me aat ashley@fieldsaccounting.

Comment below your questions. Follow for the next Ak Ashley Segment.

Still guessing where your money is going each month?
Monthly accounting keeps your books clean, your cash flow clear, and your business compliant—without the stress.

At Fields Accounting Firm, we don’t just track numbers—we help you understand them.

Discover the right paln for you or Schdule a Call. https://www.fieldsaccountingfirm.com/Businessaccounting

Ask Ashley Segment | Tax Tip

If a company reports an incorrect 1099 amount and refuses to correct it, you should still proceed with filing your tax return.

Report the 1099 exactly as it was issued, then on Schedule C, record the difference as an expense.
For example:
• 1099 issued: $50,000
• Actual payments received: $30,000
• Expense recorded: $20,000 (labeled Incorrect 1099 Amount)

Be sure to keep detailed records of payments received and all communication with the company in case of an audit.

Have questions? Comment below.
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www.fieldsaccountingfirm.com

Think accountants are only for business owners? Think again.

Whether you need help making sure the right taxes are withheld from your paycheck, planning ahead, or managing your business finances, I’m here for you—year-round.

At Fields Accounting Firm, we’re full-service and here to support individuals and businesses.

Let's Chat: https://www.fieldsaccountingfirm.com/10min

We assist with all your accounting needs — personal and business!
From tax filings and bookkeeping to payroll, audits, and business clean-up — Fields Accounting Firm is your trusted partner for precision and peace of mind.

Visit our website to learn more: [https://www.fieldsaccountingfirm.com]

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