VAR Accounting Group

Check out our March Newsletter!

VAR Accounting Group |Woodland Hills, CA Accounting Firm | Newsletter Page Take a look at our Newsletter page. VAR Accounting Group is a full service tax, accounting and business consulting firm located in Woodland Hills, CA.

Create Your IRS Individual Online Account Today!

Access your tax information securely and protect yourself from identity theft and fraud. With an IRS Individual Online Account, you can:

- View your AGI and tax return details
- Check refund or amended return status
- Access transcripts and wage & income records
- Request an Identity Protection PIN
- Make payments or set up payment plans
- View over 200 IRS notices digitally
- Download tax forms like W-2s and 1099s (2023–2025)

It’s secure, convenient, and available 24/7.

Visit IRS.gov to create your account today!

Check out our February Newsletter!

VAR Accounting Group |Woodland Hills, CA Accounting Firm | Newsletter Page Take a look at our Newsletter page. VAR Accounting Group is a full service tax, accounting and business consulting firm located in Woodland Hills, CA.

The 2026 Tax Filing Season Has Begun!

The IRS officially opened the 2026 tax filing season and is now accepting and processing federal individual income tax returns for the 2025 tax year.

If you need assistance filing your tax return, contact us today at (818) 646-9444

2026 Tax Law Changes – What You Should Know

New tax rules are here, and they could impact your deductions, credits, and planning strategies for 2026.

Some notable updates include:

- New and revised charitable giving rules
- Changes to itemized deduction limits for higher-income taxpayers
- Updates to retirement contribution requirements
- Expanded education savings benefits
- Modifications affecting small business and pass-through income
- Fewer energy-efficiency tax incentives for homeowners

These changes may create new opportunities or require adjustments to your tax strategy.

Contact our office at (818) 646-9444 to discuss how the 2026 tax law changes may affect you.

Make Smart Choices with a Sudden Windfall

An unexpected financial boost like an inheritance, bonus, legal settlement, or lottery win can feel exciting and full of possibilities. But without a plan, it may not last as long as you’d hope.

- Avoid Common Pitfalls
It’s tempting to make big purchases right away or say yes when money requests come in. A smart first step is to place the funds in a bank or money market account and wait at least 30 days before spending. This pause can help prevent costly impulse decisions.

- Don’t Forget About Taxes
Some windfalls are taxable and could push you into a higher tax bracket. State and local taxes may apply too. A tax professional can help you understand what you may owe.

- Use Your Windfall Wisely
Pay down high-interest debt, build or strengthen your emergency fund, and think about your long-term goals, whether that’s starting a business, retiring early, or creating financial stability.

- Need guidance?
Our office can help you evaluate the tax impact, prioritize goals, and create a plan to help your windfall last for years to come. Message us to get started!

Check out the first Newsletter of 2026!

VAR Accounting Group |Woodland Hills, CA Accounting Firm | Newsletter Page Take a look at our Newsletter page. VAR Accounting Group is a full service tax, accounting and business consulting firm located in Woodland Hills, CA.

As the year comes to a close, we would like to sincerely thank you for placing your trust in us and entrusting us with your tax and accounting needs. We truly value our relationship and look forward to continuing our work together in 2026. We wish you and your loved ones a joyful holiday season and a happy, healthy, and prosperous New Year!

2025 PTE Program Reminder – Payment 2 of 2

If you previously elected to participate in the 2025 PTE program and already made Payment 1 of 2 earlier this year, this is a reminder to make your Payment 2 of 2 by December 31, 2025.

Participating in the PTE program allows your business to pay and deduct a portion of your 2025 California personal income tax at the entity level, which may help reduce your 2025 federal tax liability.

While the official due date is March 15, 2026, making the payment by December 31, 2025 ensures you receive the tax benefit for the 2025 tax year.

If you have questions or need assistance, feel free to reach out to us at (818) 646-9444.

New Tax Deduction for Car Loan Interest? Here’s the Scoop.

A new tax law (OBBBA) may let you deduct up to $10,000 per year in car loan interest from 2025 - 2028, even if you don’t itemize.

But there are income limits, vehicle requirements, and strict rules on the type of loan that qualifies.

If you’re thinking about buying a new, U.S. assembled vehicle, this deduction could make a difference, but it’s not automatic.

- Read the full article on this month's newsletter for all the details before you buy:

https://www.varaccounting.com/newsletter.php #1

Check out our December Newsletter!

VAR Accounting Group |Woodland Hills, CA Accounting Firm | Newsletter Page Take a look at our Newsletter page. VAR Accounting Group is a full service tax, accounting and business consulting firm located in Woodland Hills, CA.