Professional Accounting & Tax Consulting, Inc.

Professional Accounting & Tax Consulting, Inc. Welcome to Professional Accounting and Tax Consulting, Inc., where family values meet cutting-edge tax and accounting solutions.

As a family-owned and operated firm, we bring generations of knowledge, care, and dedication to every client relationship.

NYS came after one of our clients for two consecutive tax years. Disallowed expenses across the board. Withheld refunds ...
05/04/2026

NYS came after one of our clients for two consecutive tax years. Disallowed expenses across the board. Withheld refunds they were owed. This was their sole source of income.

We stepped in.

Built a complete response package, substantiated every expense category, and demonstrated this was a legitimate, active business with growing revenue. NYS reviewed the full record and reversed course entirely.

$20,000+ net benefit back in our client’s hands. Assessment cancelled. Not a dollar owed.

This is the work we do behind the scenes every day — not just filing returns, but standing in the gap when the state comes knocking.

If you or someone you know has received an audit notice or state assessment, don’t ignore it and don’t go at it alone. DM us or visit profaccountingandtax.com.

📍Serving clients nationwide

Receiving Online Payments - Did You Know?If you are self-employed and receive payments through online payment processing...
05/04/2026

Receiving Online Payments - Did You Know?

If you are self-employed and receive payments through online payment processing platforms, take care to separate business and personal transactions. You can do this by setting up separate business accounts on the platforms, or by using features that allow you to specify the purpose of payments. Otherwise, the platforms may overreport your income.

Updated Withholding Estimator Available for 2026Having the right amount of tax withheld from your pay protects you again...
04/27/2026

Updated Withholding Estimator Available for 2026

Having the right amount of tax withheld from your pay protects you against unpleasant spring surprises, while ensuring that you do not unnecessarily sacrifice take-home pay. The IRS recently made important updates to its Withholding Estimator tool (link below), to account for tax law changes enacted in 2025. Those changes include the "No Tax on Tips" and "No Tax on Overtime" deductions, the car loan interest deduction and special deduction for seniors, and the new deduction rules for charitable donations.

Verifying the accuracy of your withholding a couple of times a year is especially important if you and your spouse both work, or if you owed tax this spring, work multiple jobs, or have self-employment or investment income. It is also a good idea to complete a withholding checkup anytime you experience a major life change like marriage, or the birth or adoption of a child. Using the Withholding Estimator typically takes 25 minutes or less, and you do not have to log in or provide any personally identifying information. If an adjustment to your withholding is needed, the tool can help you complete a new W-4 form to submit to your employer.

IRS Withholding Estimator Tool: https://www.irs.gov/individuals/tax-withholding-estimator

IRS Impersonation Scams – Did You Know?Criminals continue to use IRS impersonation scams to steal money and personal inf...
04/20/2026

IRS Impersonation Scams – Did You Know?

Criminals continue to use IRS impersonation scams to steal money and personal information. Understanding how the IRS actually communicates can help you recognize and avoid these schemes.

The IRS generally initiates contact by sending a letter through the mail on official letterhead. If you have an IRS online account, you can log in to verify whether a notice is legitimate. If you are unsure, you can contact the IRS directly at 800-829-1040.

Scammers, however, often pose as the IRS in several ways:

By mail: Fake letters may look official but include incorrect contact details or suspicious language such as “in relation to your unclaimed refund.”

By email or text: The IRS does not initiate contact this way. Messages promising refunds, credits or urgent fixes often contain links to fraudulent websites designed to steal your information.

By phone: Scammers may leave threatening messages or demand immediate payment using gift cards or other unusual methods—tactics the IRS does not use.

In person: Unannounced visits are extremely rare. Most legitimate IRS appointments are scheduled in advance by letter.

If you suspect a scam, do not respond, click links or share information. Instead, contact the IRS using an official phone number to verify the situation.

Faith. Family. Legacy.
04/16/2026

Faith. Family. Legacy.

Unfiled 2022 Federal Tax Refunds Must Be Claimed by April 15 – Did You Know?The IRS estimates that over one million peop...
03/30/2026

Unfiled 2022 Federal Tax Refunds Must Be Claimed by April 15 – Did You Know?

The IRS estimates that over one million people are owed tax refunds from 2022, with the majority of those refunds exceeding $600. However, in order to claim their refunds, people must file their 2022 tax returns by April 15, 2026. Some people may also need to file 2023 and 2024 returns in order to receive an IRS refund.

Those who qualified for the Earned Income Tax Credit (EITC) in 2022 but did not file a return could be missing out on much larger refunds, potentially exceeding $6,000. The adjusted gross income limits for the 2022 EITC ranged from $16,480 to $53,057 (or $22,610 to $59,187 for joint filers), depending on a person's number of qualifying children.

Filing an accurate tax return for 2022 may require referring to income statements like W-2 and 1099 forms. If you cannot locate those forms but have an IRS online account, you can generally obtain the needed information by using the free IRS Get Income Transcript tool (link below). Most people can set up an account in about 20 minutes, less time than it takes to request and receive replacement documents from employers, banks, etc.

IRS Get Transcript Online tool: https://www.irs.gov/individuals/get-transcript

Most people think wealth is about how much you make.It’s not. It’s about how much you keep — and how well you protect it...
03/26/2026

Most people think wealth is about how much you make.

It’s not. It’s about how much you keep — and how well you protect it.

This is the structure the wealthy use. Trust on top. Holding company underneath. LLCs doing the work. Every layer has a job and nothing bleeds into anything else.

You don’t need to be rich to set this up. You need to be smart enough to start before you need it.

Save this. Build the structure. Then scale.

.domytaxes

IRS Third Party Authorizations – Did You Know?All U.S. taxpayers have the right to designate a third party to work with ...
03/25/2026

IRS Third Party Authorizations – Did You Know?

All U.S. taxpayers have the right to designate a third party to work with the IRS on their behalf. In order to exercise this right, taxpayers must formally grant permission to the third party to represent them. This authorization may take several different forms:

Oral Disclosure: This level of permission simply authorizes the IRS to share the taxpayer's tax information with another person present on a phone call or in a meeting.

Third-party Designee: On their tax returns, taxpayers may designate a third party to discuss the return with the IRS. This authorization is limited to that specific return and year.

Tax Information Authorization: Taxpayers may appoint a third party to receive and review their confidential tax information for a specific type of tax for a designated time period.

Power Of Attorney: This designation authorizes a person or firm to represent the taxpayer in federal tax matters. The person or firm must be certified to practice before the IRS.

Oral disclosure and third-party designee permissions expire automatically. Taxpayers have the right to revoke tax information or power of attorney authorizations at any time, either by notifying the IRS of the revocation, or simply by appointing a new representative.

Changes to Postmarking Procedures May Affect Mailing of Tax Forms – Did You Know?The U.S. Postal Service (USPS) made an ...
03/23/2026

Changes to Postmarking Procedures May Affect Mailing of Tax Forms – Did You Know?

The U.S. Postal Service (USPS) made an announcement in late December that may affect millions of people who mail tax forms or payments this filing season. In general, forms and payments sent by mail are considered to be on time if they are postmarked on or before the due date. Historically, mailed items were usually postmarked the same day they were handed to a postal employee, or deposited in a USPS drop box before the last scheduled pickup time.

However, the USPS is now in the process of consolidating mail processing activities down to just 60 regional sorting locations, with a limited number of truck deliveries to those facilities daily. Since most mailed items will not get postmarked until they arrive at one of the 60 locations, many postmarks will show a date several days after the item was originally mailed. These changes are especially likely to affect rural communities, many of which will now be hundreds of miles from the nearest processing facility.

Therefore, anyone who needs to send tax documents through the mail should play it safe by dropping parcels off at a post office or collection facility at least a week before the IRS deadline. As an alternative, consider e-filing tax forms whenever possible. A tax professional can help you securely submit your return, other IRS document or tax payment electronically for fast, verified delivery.

Refund Amounts - Did You Know?If your refund amount is different than stated on the filed tax return, part or all of you...
03/18/2026

Refund Amounts - Did You Know?

If your refund amount is different than stated on the filed tax return, part or all of your refund may have been used to pay off (offset) past-due federal tax, student loans, state income tax or other past-due debts.

You'll receive a notice from the IRS if such an offset occurs that will show the original tax refund amount, the offset amount, as well as the name, address and telephone number of the agency receiving the payment.

If you haven't received your refund yet, you may be able to check the status using the IRS' "Where's my Refund?" tool: https://www.irs.gov/refunds.

2026 Tax-Related Scam Warnings – Did You Know? (2/2)The IRS recently posted its official list of the worst tax-related s...
03/16/2026

2026 Tax-Related Scam Warnings – Did You Know? (2/2)

The IRS recently posted its official list of the worst tax-related scams to watch out for in 2026. They include:

Scams Involving Bogus Tax Credits or Exaggerated Withholding:

Scammers often make false claims about tax rules in order to persuade people to file inaccurate returns. One of these schemes relates to a supposed "self-employment tax credit." No such credit exists, and very few people qualify for the actual credit that the scam involves. Other scammers encourage people to inflate tax withholding figures to get larger refunds. In reality, improperly claiming credits or reporting inaccurate tax figures may trigger severe IRS penalties.

Ghost Preparers:

By law, anyone paid to prepare a tax return for another person must sign the return, and must have an IRS-issued Preparer Tax Identification Number (PTIN). Remember, regardless of who prepares it, you are ultimately responsible for the accuracy of your return. Do not take the risk of putting your standing with the IRS in the hands of someone who hides in the shadows.

Offer-in-Compromise (OIC) Mills:

The IRS offer-in-compromise (OIC) program enables some people with large tax debts to settle those debts for less than the full amount owed. However, submitting an OIC application is a very complicated process, and the majority of applications get rejected. OIC mills overpromise results to lure in vulnerable people, and then charge nonrefundable fees to submit applications with virtually no chance of success. If you owe more tax than you can afford to pay, work only with a trusted tax professional who has experience preparing realistic OIC proposals.

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247-05 Union Turnpike
Bellerose, NY
11426

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