O'Neal's Tax Service

Don't run out of money during retirement. Here are five great ideas.

NON-Retiree Retirement Ideas - Want money when you retire? Here are some tips. Retirement planning and tax planning go hand in hand. Here are five great planning ideas on how to ensure you have a nest egg when you are ready to retire.

One of the best tax deductions is your home. Know the rules to maximize your tax benefit.

Your Home. A Bundle of Tax Benefits. Are you capturing all the tax benefits built into homeownership? Here are the most common.

Your tax return isn't just paperwork, it's a roadmap. Learn which numbers matter most. And don't miss the March 16 filing deadline for S corps and partnerships. You may owe a hefty penalty if you do!

Tax & Business Newsletter: February 2026 Tax season has a funny way of being both a rearview mirror and a crystal ball. It shows you exactly where you’ve been, and if you know where to look, it can quietly point the way forward. In this issue, we dig into how your business tax return can double as a planning tool for smarter decision...

Did you know you can rent your home or cabin tax-free for up to 14 days per year?

Tax-Free Rental of Your Property Did you know you can rent out your home or vacation property for up to 14 days and not need to claim the income? Here are some tips to take advantage of this opportunity.

Partnerships and S Corporations must file their tax returns on time...or else. Here is the penalty.

The IRS Says - Late filing of S corporation and partnership returns can be costly Over the past few years, the IRS has penalizing late filers of sub S corporation and partnership tax returns. This despite the fact that late filing of the tax return does not typically impact the timely payment of the tax.

Understand contemporaneous or pay the price. An IRS term with meaning.

Understanding Tax Terms: Contemporaneous Records - What you need to know The Internal Revenue Service has a vocabulary of their own. One of the more important is their use of the word "contemporaneous". What does it mean, and why should you care?

The 10% early withdrawal penalty does not always need to sting you. Here are ways to leverage retirement assets without that penalty.

The 10% Early Withdrawal Penalty - A penalty to avoid with these tips While it is not a good idea to tap retirement accounts prior to retirement age, sometimes it cannot be avoided. What can often be avoided, however, is the punitive 10% penalty for early fund distributions. Outlined here are exceptions to the 10% penalty rule.

Tax deadlines are closer than they look, and cash questions never really go away. In this month's newsletter you'll find a tax prep checklist and simple ideas for forecasting your cash flow.

Tax & Business Newsletter: January 2026 This time of year often brings two familiar realities for business owners: tax deadlines start to feel closer than expected, and questions about cash tend to move from the background to the foreground. In this issue, we focus on both in a straightforward, practical way. The first article offers a cl...

The IRS increased the standard business mileage rates for 2026. Here are the details.

2026 Mileage Rates are Here! - New mileage rates announced by the IRS Here are the standard mileage rates for 2026.

Reminder: Q4 estimated tax payment is due Thursday, January 15, 2026.

Reminder: Fourth Quarter Estimated Taxes Now Due - Now is the time to make estimated tax payments Plan now to make your 4th quarter estimated tax payment.

The time to organize your tax records is now. Here are some suggestions.

Tips to Organize Your Tax Records - Creating order out of chaos Looking for some ideas to make filing your taxes less cumbersome? Here are some tips.

Holiday season also marks the start of tax identity theft season. Here are some tips.

Thieves Are Out NOW! - Tips to protect your tax information Now is tax theft season. Here are some tips to ensure you aren't snared in their trap.