M Wallace & Associates Tax Consulting

12/23/2025

It’s almost that time again!!!

11/22/2025

Great news!

FS-2025-06, Sept. 25, 2025 — The Internal Revenue Service reminds tax professionals that the new form brokers use to furnish statements including proceeds from certain digital asset transactions will be sent to taxpayers in early 2026 but there are steps that can be taken now to help get their cli...

10/15/2025

Updates: One, Big, Beautiful Bill Act: Tax deductions for working Americans and seniors.

07/09/2025

🗣️‼️ Updated SNAP, Medicaid, and Section 8 Guidelines:
• Adults ages 19 to 64 must either work at least 80 hours a month, volunteer, or be in school/training to keep benefits.
• Parents with children age 13 and up must also meet these work or activity requirements.
• Teens ages 14 to 18 must be enrolled in school or working to remain eligible.
• These changes do not apply to seniors, people with disabilities, or caregivers for someone with a disability.
• Eligibility will be reviewed every 6 months, and proof of work, volunteering, or education must be provided.

Important Section 8 Update:
Unless you’re disabled, Section 8 housing assistance now has a lifetime limit of 2 years.

🚨 Thank GOD 🚨

07/05/2025

Make sure your college students/you🫵🏽 register for 15 hours instead of 12 hours to qualify for a Federal Pell Grant under the “Big Beautiful Bill” starting this Fall 2025. ♥️🤍💙🇺🇸