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A & B Services Company TAXES, CONSULTING, TRAINING, ON INDIVIDUAL AND BUSINESS PRODUCTS

A legitimate cash payment can still create a federal reporting obligation.When a trade or business receives more than $1...
10/20/2026

A legitimate cash payment can still create a federal reporting obligation.

When a trade or business receives more than $10,000 in cash in one transaction or related transactions, Form 8300 generally applies.

This reporting serves both the IRS and FinCEN—the Financial Crimes Enforcement Network—and helps authorities investigate financial crimes.

For business owners, the practical lesson is simple:
➡️ understand the reporting rules before accepting a large cash payment.
➡️ Recording the sale in your books does not replace a required Form 8300 filing.

📌 Save this series and share it with a business owner who accepts cash.

📲 Follow A & B Services Company A & B Services Company for clear explanations of business tax rules and the steps needed to comply.

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Form 8300 reaches far beyond cash-heavy retail businesses.

The rule generally applies to a person engaged in a trade or business who receives more than $10,000 in reportable cash in one transaction or related transactions.

♦️ Dealers
♦️ Attorneys
♦️ Real Estate Business
♦️ Travel Agencies
♦️ Artists
♦️ Trade Industry Business
♦️ and many other businesses may have filing obligations.

➡️ Installments can count, too. Payments connected to one transaction may cross the threshold over time.

♦️ The connection between payments matters. Every payment from the same customer is not automatically combined merely because it falls within the same year. Special related-transaction rules—including the 24-hour rule—must be considered.

📌 Review your payment-tracking procedures before a large receipt arrives.

📲 Follow A & B Services Company A & B Services Company for practical guidance on the compliance questions business owners ask most.

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For Form 8300, “CASH” has a specific definition. The total invoice alone does not answer the reporting question.

➡️ U.S. and foreign coins and currency count as cash.
➡️ Personal checks do not.

Cashier’s checks, money orders, bank drafts, and traveler’s checks with face amounts over $10,000 ar

Remember - Some of your most important 2026 retirement tax decisions happen before your return is prepared.A year-end re...
10/13/2026

Remember - Some of your most important 2026 retirement tax decisions happen before your return is prepared.

A year-end review can help you evaluate Roth conversions, future required minimum distributions, the enhanced senior deduction, Social Security taxation, and your overall income projection.

These decisions interact. An additional withdrawal or conversion may affect your tax bracket, deductions, and how much of your Social Security becomes taxable.

Before making a significant transaction, understand its effect on the entire return.

📌 Save this series for your year-end review and share it with someone retired or approaching retirement.

📲 Follow A & B Services Company A & B Services Company for clear retirement tax education and practical planning insights.

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A Roth conversion can be valuable.

➡️ The amount you convert matters as much as the decision to convert.

Previously untaxed amounts generally become taxable in the conversion year. In exchange, qualified Roth withdrawals can be tax-free, and Roth IRA owners have no lifetime required minimum distributions.

➡️ Before converting, compare your current tax rate with your expected future rate.
➡️ Review your other income, spending needs, and any income-based benefits that could be affected.

A partial conversion may fit your circumstances better than converting a large amount at once.

♦️ Model the tax cost before moving the money.

📌 Save this before your next retirement account decision.

📲 Follow A & B Services Company A & B Services Company for informed explanations of retirement tax strategies.

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Your first required minimum distribution should arrive after you have considered its tax impact.

RMDs generally begin at age 73 for account owners born in 1951–1959 and age 75 for those born in 1960 or later.
➡️ Account and employment rules can affect timing.

The years between retirement and RMD age may offer a lower-income window to evaluate Roth conversions, planned withdrawals, capital gains, and charitable strategies.

The goal is to compare taxes across years. Intentionally recognizing income today may help manage future exposure—but

2027 tax brackets are projected to rise—but that does not mean tax rates are going down.Here’s the distinction taxpayers...
10/12/2026

2027 tax brackets are projected to rise—but that does not mean tax rates are going down.

Here’s the distinction taxpayers need to understand:
➡️ inflation adjustments widen the income ranges within each bracket. The seven federal rates are projected to remain 10%, 12%, 22%, 24%, 32%, 35% and 37%.

Current projections include:

▪️ Approximately 3.2% higher bracket thresholds
▪️ A $16,600 standard deduction for single filers
▪️ A $33,200 standard deduction for married couples filing jointly
▪️ A $24,950 standard deduction for heads of household

Wider brackets may allow more taxable income to remain at lower rates. A larger standard deduction can also reduce the income subject to federal tax.

Remember:
➡️ your highest tax bracket does not apply to your entire income. Each rate applies only to the portion of taxable income within that bracket.

As we review third-quarter results and prepare for year-end, these projections provide useful context for comparing 2026 and 2027 planning decisions.

⚠️ As of October 9, 2026, these are projections pending IRS confirmation. They concern tax year 2027, with returns generally filed in 2028.

At A & B Services Company A & B Services Company, we explain what tax updates mean, when they apply, and which details deserve your attention.

📌 Save this update and share it with someone planning ahead.

📲 Follow A & B Services Company for clear, source-based tax education and practical planning insights.

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Where Your Money Matters.

#2027

Your S corporation Salary deserves a Strategy — Not a Guess.If you work in your S corporation, the IRS generally require...
10/10/2026

Your S corporation Salary deserves a Strategy — Not a Guess.

If you work in your S corporation, the IRS generally requires reasonable compensation for your services before you take nonwage distributions. Being the company’s only employee does not remove that obligation.

🙋‍♂️ What makes a salary reasonable? ⁉️
➡️ Your duties, experience, hours worked, and what comparable businesses pay for similar services all matter. A flat percentage of profit alone is not a substitute for evaluating those facts.

And setting your salary is only the beginning. Payroll also involves withholding, tax deposits, reporting deadlines, and proper treatment of shareholder benefits.

An annual payroll option does not eliminate payroll compliance requirements. The right schedule must account for applicable payment rules, distributions, and tax deposit deadlines.

➡️ At A & B Services Company A & B Services Company,
our officer-only S corporation payroll services help you manage pay schedules, payroll tax filings, fringe benefit reporting, deadline reminders, and reporting integrations.

Review your compensation and payroll throughout the year so you have time to address gaps before year-end.

📌 Save this post for your next payroll review and share it with an S corporation owner.

📲 Follow A & B Services Company for clear explanations of tax rules and practical business planning.

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Where Your Money Matters.

♥️

“Can I just issue myself a 1099 instead of running payroll?”The Second Question as we wrapped up third-quarter reviews a...
10/09/2026

“Can I just issue myself a 1099 instead of running payroll?”

The Second Question as we wrapped up third-quarter reviews and prepare for year-end, that deserves a clear answer:

➡️ Compensation for your work as an S corporation officer generally belongs on Form W-2.

♦️ REMEMBER:
➡️ A corporate officer who performs services is generally an employee. Issuing yourself Form 1099-NEC does not change that status—even when you own the company and are its only worker.

The reporting follows the working relationship.
➡️ Form 1099-NEC reports nonemployee compensation;
➡️ Form W-2 reports employee wages.

Paying tax on the income does not, by itself, satisfy the corporation’s payroll obligations.
⚠️ Treating officer compensation as contractor payments can leave employment taxes, withholding, and reporting requirements unresolved.

There is a limited exception for officers who perform no or only minor services and neither receive nor are entitled to pay. That generally does not describe an owner actively running the business and receiving compensation.

🙋‍♂️ Already paid yourself as a contractor? ⁉️
➡️ Review those payments with your tax professional before issuing year-end forms. Corrections should account for both the corporation’s reporting and your individual return.

📌 Save this before preparing your W-2s and 1099s.

📲 Follow A & B Services Company A & B Services Company for clear, informed answers to common S corporation questions.

📞 (877) 275-5550 | ab-business.com
Where Your Money Matters.

♥️

“I’m the only person working in my S corporation. Why do I need payroll?”With the third quarter behind us and year-end a...
10/08/2026

“I’m the only person working in my S corporation. Why do I need payroll?”

With the third quarter behind us and year-end approaching, this has been one of the most common questions in our client conversations for our office, and it seems like this year this issue needs to be addressed and explained.

🔑 Here’s the key:
➡️ You can be both a shareholder and an employee of your corporation.
➡️ When you perform services for the business, the IRS generally requires reasonable compensation for that work before you take nonwage distributions.
➡️ ♦️ Having no other employees does not remove that requirement.

Reasonable compensation depends on your duties, experience, time devoted to the business, and comparable pay. A salary chosen solely from a percentage of profit may not adequately reflect those facts.

Payroll carries responsibilities beyond issuing a paycheck: withholding, employment taxes, deposits, reporting, and proper treatment of shareholder benefits.

Your year-end checkpoint:
➡️ Review wages paid so far, distributions taken, and the documentation supporting your compensation.
➡️ Addressing gaps now gives you more time to make appropriate corrections.

📌 Save this for your year-end business review and share it with an S corporation owner.

📲 Follow A & B Services Company A & B Services Company for answers to the tax questions business owners ask most—and practical steps to put those answers into action.

📞 (877) 275-5550 | ab-business.com
Where Your Money Matters.

🇺🇸 OCTOBER 2026 VISA BULLETIN — FAMILY-BASED UPDATEA new fiscal year is here, and the October Visa Bulletin brings anoth...
10/06/2026

🇺🇸 OCTOBER 2026 VISA BULLETIN — FAMILY-BASED UPDATE

A new fiscal year is here, and the October Visa Bulletin brings another round of movement for family-sponsored immigration cases.

But this is exactly why reading only the headline is not enough. Your category, country of chargeability, priority date, and whether you are looking at the Final Action Dates or Dates for Filing chart can completely change what the bulletin means for your case.

📌 October highlights:
• F1, F2B, F3 and F4 show movement in several chargeability areas.
• F2A Dates for Filing remain CURRENT for all countries.
• Country-specific dates continue to differ significantly for Mexico, the Philippines and India in certain categories.
• October begins FY2027, meaning visa-number allocation starts under a new fiscal-year cycle.

⚠️ One important correction to the graphic: the official October bulletin does not show F2A Final Action Dates as “Current.” For Worldwide/China/India/Philippines, the October F2A Final Action Date is September 22, 2026; for Mexico, it is March 22, 2026. “CURRENT” applies to the F2A Dates for Filing chart.

That distinction matters. A Visa Bulletin date moving forward does not automatically mean your green card can be approved—or that you can immediately file Form I-485. Applicants should confirm the applicable chart and their individual priority date before taking action.

My goal with these monthly updates is simple:
➡️ turn complicated government information into clear, practical information you can actually understand and follow.

📲 SAVE this post to compare your priority date.
📤 SHARE it with a family waiting on an immigration case.
🔔 FOLLOW A & B Services Company A & B Services Company for monthly Visa Bulletin updates and important immigration information you don’t want to miss.

A & B SERVICES COMPANY
Where Your Money Matters!

Your tax extension is approaching its deadline - and it never extended your time to pay. ➡️ October 15 is the filing dea...
10/05/2026

Your tax extension is approaching its deadline - and it never extended your time to pay.

➡️ October 15 is the filing deadline for your 2025 individual return if you timely requested a six-month extension.

➡️ It is also the automatic extended deadline for your 2025 FBAR, if required.

➡️ Employees who received $20 or more in tips during September must report them to their employer by October 13.

➡️ Eligible disaster relief may change these dates, so confirm which deadline applies to you.

📲 Save this reminder, share it with someone still on extension, and follow A & B Services Company A & B Services Company for clear tax guidance that helps you stay ahead of deadlines.



♦️ Business owners:
October 15 deserves more than a calendar reminder.

➡️ Calendar-year C corporations with a timely six-month extension must file their 2025 Form 1120, while monthly depositors must deposit September payroll taxes and nonpayroll withholding.

➡️ For eligible taxpayers extended through October 15, this may also be the deadline to establish a qualifying 2025 Keogh plan and fund 2025 SEP or Keogh profit-sharing employer contributions.

➡️ Retirement-plan deadlines depend on the plan and your return’s extension—confirm both before making a contribution.

📲 Save this checklist and follow A & B Services Company A & B Services Company for practical tax guidance that connects filing requirements with planning opportunities.

The purpose of a wildfire payment can determine its tax treatment. ➡️ IRC Section 139M excludes qualifying compensation ...
10/04/2026

The purpose of a wildfire payment can determine its tax treatment.

➡️ IRC Section 139M excludes qualifying compensation for certain losses, expenses, and damages, potentially including additional living expenses, personal injury, emotional distress, and certain lost wages.

➡️ Amounts already compensated by insurance or otherwise do not qualify again, and replacement wages paid by the employer that would have paid them fall outside this exclusion.

➡️ Review the settlement terms and applicable payment year before reporting the income.

📲 Follow A & B Services Company A & B Services Company for guidance that goes beyond the headline.

♦️ For this exclusion, the declaration date matters.

➡️ A qualified wildfire disaster must be federally declared because of a forest or range fire, with the declaration occurring after December 31, 2014, and before January 1, 2027.

➡️ The payment must also compensate for a loss, expense, or damage resulting from that qualifying disaster.

♦️ Living in an affected region alone does not establish eligibility.

➡️ Keep settlement agreements, claim forms, payment statements, and insurance records.

📲 Save this post and follow A & B Services Company A & B Services Company for clear explanations of disaster tax eligibility.

A tax-free wildfire payment comes with limits on related tax benefits.

➡️ If you exclude a qualifying payment, you cannot also claim a deduction or credit for an expenditure to the extent it is covered by that excluded amount.

➡️ The excluded amount also does not increase the basis or adjusted basis of property.

♦️ This can affect both your current deductions and a future gain calculation when you sell.

➡️ Track payments alongside the expenses and property they cover.

📲 Follow A & B Services Company A & B Services Company for tax guidance that connects today’s decisions with tomorrow’s consequences.

♦️ Taking the standard deduction does not necessarily mean losing your disaster-loss deduction.

➡️ Under the new law, eligible individuals can claim the portion attributable to a qualified net disaster loss without itemizing. That can matter when your other deductions are below the standard deduction.

➡️ The benefit doe

Disaster recovery can affect your tax return long after the damage occurs. ➡️ Signed September 11, 2026, the Doug LaMalf...
10/03/2026

Disaster recovery can affect your tax return long after the damage occurs.

➡️ Signed September 11, 2026, the Doug LaMalfa Federal Disaster Tax Relief Certainty Act codifies and extends special treatment for certain personal casualty losses and qualifying wildfire relief payments.

♦️ Eligibility depends on the disaster, dates, losses, and compensation involved. Before filing, review insurance proceeds, settlements, and deductions together.

📲 Save this series and follow A & B Services Company A & B Services Company for clear explanations of the tax rules that can affect your recovery.

A disaster declaration is only the beginning of the eligibility review. For special casualty-loss treatment, the loss must arise in a qualifying area, occur on or after the first day of the disaster’s incident period, and result from that declared disaster.

♦️ The incident period must begin on or after December 28, 2019, and before January 1, 2027. Your property location, damage records, and FEMA declaration matter.

📲 Save this eligibility checklist and follow A & B Services Company A & B Services Company for practical disaster tax guidance.

One law has two different starting dates.

➡️ The casualty-loss amendments apply to tax years beginning after December 31, 2024—generally 2025 onward for calendar-year individuals.

➡️ The Section 139M wildfire exclusion applies to payments received in tax years beginning after December 31, 2025—generally 2026 onward.

♦️ Those effective dates do not replace the separate qualifying disaster-date requirements. Earlier losses and payments require review under the applicable prior law.

📲 Save this timeline and follow A & B Services Company A & B Services Company to understand which rules apply to which year.

The deduction can change significantly depending on how your loss is classified. Otherwise deductible personal casualty losses generally face a $100 per-event reduction and a 10% of adjusted gross income limitation.

Qualified disaster losses receive a $500 per-event reduction, with no 10% AGI reduction for the qualified net disaster loss. Insurance, reimbursements, and casualty gains still affect the calculation.

♦️ A repair invoice alone does not

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