All Day Long Bookkeeping and Tax Prep LLC

02/20/2026

March 15th is the deadline to File S Corporation Returns and Partnership Returns.
If the return cannot be filed by then, an extension will need to be requested.

02/11/2026

Schedule an appointment for Thursday, February 11, 2026 to Monday, February 16, 2026, and receive a discounted service.

01/29/2026

As of January 1, 2026,
1099NEC filing requirement for Payers threshold changes to $2,000 from $600. If you are a 1099NEC recipient, this doesn't mean you do not have to file the income under $2,000, the payer doesn't have to issue a form to you. You still must track your payments and file if over $400.
Also, 1099K reporting reverts back to $20,000. This is the form for credit card processing.

01/28/2026

Just a few reminders this tax season:

1. If you have marketplace insurance or Georgia Access, please remember your 1095A.
2. If you have established an Identity Protection Pin with the IRS, please remember to submit to your preparer.
3. Yes, the intake form/interview is required.
4. If you have overtime pay and the employer did not include the overtime pay in box 14 of your w2, your last paystub should show your overtime for the year.
5. If you are looking to claim the interest deduction for a new vehicle purchased in 2025, please make sure it's final assembly is in the US. It's a personal vehicle. It's a loan and not a lease. It's purchase date is after December 31 2024 and have a GVWR under 14k lbs. Please have the loan paperwork or 1098 from bank.

02/18/2025

PATH ACT FUNDING BEGINS SOON - February 19th.

What is the PATH Act? The Protecting Americans from Tax Hikes Act is the act that delays refund processing for individuals eligible for earned income tax credit and/or the additional child tax credit.

What does this mean? Check the where's my refund to see if you have any available direct deposit date.

01/10/2025

www.alldaylongbookkeeping.com

01/10/2025

The 2025 tax filing season will begin on Jan. 27, which marks the first day the IRS will accept and process individual tax returns for 2024.

01/09/2025

Annual Registration Season via your state's Secretary of State

Don't forget to file your Annual registration to keep those LLCs, Corporations, Partnerships, etc current and active.

12/24/2024

One last reminder: Yes you with the LLC or Corporation

BOI REPORTING DUE BY JANUARY 13, 2025 if your business was established before January 1,2024

Failure to do so penalty is atrocious.

"New January 13, 2025 Deadline
Reporting entities created with a state secretary of state filing before January 1, 2024, must file by January 13, 2025 (instead of January 1, 2025).
Entities created with a state secretary of state filing between September 4, 2024, and December 23, 2024, whose filing deadline fell between December 3, 2024, and December 23, 2024, have until January 13, 2024.
Additional Extensions
Entities created with a state secretary of state filing between December 3, 2024, and December 23, 2024, get an extra 21 days from their original filing deadline.
Disaster relief extensions. Entities qualifying for disaster relief should use the later of January 13, 2025, or the relief date.
Regular Deadlines Resume

Entities created with a state secretary of state filing on or after January 1, 2025, have 30 days to file once their registration is effective."

12/05/2024

BOI Filing. Injuction issued by a Texas judge.

The article states steps for those who have filed and those who have not.

The U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the Corporate Transparency Act, citing constitutional concerns and significant compliance burdens, while the future of the act remains uncertain amidst potential administrative and legislativ...

11/30/2024

It appears the IRS has finally settled the roll out of 1099k reporting. Remember in prior years, this requirement meant any third-party settlement organization (TPSO) had to issue this form if client processed over $20k in credit card transactions or 200 transactions.
This threshold is now lower for 2024. Anyone using TPSOs and have processed more than $5k, will receive a 1099k for 2024. The threshold lowers to $2,500 for 2025, and $600 for 2026 and after.

IR-2024-299, Nov. 26, 2024 — The Internal Revenue Service today issued Notice 2024-85 providing transition relief for third-party settlement organizations (TPSOs), also known as payment apps and online marketplaces, regarding transactions during calendar years 2024 and 2025.