Doug Sprinkle Accountant

Doug Sprinkle Accountant We are available for Tax Preparation and Bookkeeping

02/23/2026

If you need an original Social Security number or a replacement card, you can now complete your request online, and if needed, schedule an appointment for faster service.
Learn more on today's blog at https://ow.ly/eGqS50YkkG3.

02/23/2026

The March 2 deadline nears for many in the fishing business to file and pay taxes due to avoid making estimated tax payments. Take a look at: https://www.irs.gov/taxtopics/tc416

Our office will be closed Thursday 11-27-2025 and Friday 11-28-2025 for Thanksgiving.
11/24/2025

Our office will be closed Thursday 11-27-2025 and Friday 11-28-2025 for Thanksgiving.

11/20/2025

Treasury and the announce penalty relief for new reporting requirements on cash tips and qualified overtime compensation under the One, Big, Beautiful B...

IRS Issues New Warning About Tax Credit ScamsThe IRS recently warned all Americans about the growing number of tax scams...
09/29/2025

IRS Issues New Warning About Tax Credit Scams

The IRS recently warned all Americans about the growing number of tax scams getting promoted on the internet and social media. Many of the scams involve fraudulently claiming tax credits like the Fuel Tax Credit and Sick and Family Leave Credit. In reality, the vast majority of people are not eligible for these credits, which can only be claimed by businesses and self-employed people under very specific circumstances.

The consequences of filing a return with improper credit claims may include denial of a refund, a $5,000 civil penalty, and additional tax penalties and interest charges. Over the last few years, IRS penalties assessed in connection with tax credit scams have totaled over $162 million.

Common traits of these scams include claims that "everyone qualifies" for a tax credit, promises of a rapid refund with little or no paperwork, advice to amend past tax returns by adding unusual credit claims, and encouragement to ignore or falsely respond to IRS notices. In reality, no one can determine whether you qualify for a tax credit without reviewing your circumstances. Anyone who says otherwise is almost certainly peddling a scam.

If you receive an IRS letter about a tax credit you claimed, or believe you may have been misled by one of these scams, seek guidance from a reliable source immediately such as a trusted tax professional.

Work Opportunity Tax Credit Expiring at the End of 2025The Work Opportunity Tax Credit (WOTC) provides a benefit for emp...
09/22/2025

Work Opportunity Tax Credit Expiring at the End of 2025

The Work Opportunity Tax Credit (WOTC) provides a benefit for employers that hire people who have traditionally faced disadvantages when seeking work. However, the credit is only available through December 31, 2025.

To qualify for the WOTC, an employer must hire one or more individuals from a group specified in the rules for the credit. Those groups include:
- Qualified unemployed veterans (including veterans with disabilities)
- Recipients of public assistance like long-term unemployment, long-term family assistance, SNAP benefits, Supplemental Security payments or Temporary Assistance for Needy Families
- People who live in areas designated as empowerment zones or rural renewal counties
- People referred to vocational rehabilitation programs
- Formerly incarcerated people

The amount of the WOTC is generally based on wages paid to the qualifying worker, and you may claim the credit as part of the General Business Credit. Therefore, the credit is nonrefundable, but any unused credit may be carried forward or back under the usual rules. A business tax professional can help you determine whether your business qualifies for the WOTC, and if so, help you complete all the required paperwork to claim it before it expires.

Quarterly Estimated Tax Payments - ReminderIf you are making quarterly estimated tax payments to the IRS, the due date f...
09/15/2025

Quarterly Estimated Tax Payments - Reminder

If you are making quarterly estimated tax payments to the IRS, the due date for the June 1st - August 31st, 2025 quarter of year is today, September 15th, 2025.

For payments made using IRS Direct Pay, you can make payments until 11:45PM EST, and for payments using a credit or debit card, payments can be made up to midnight on the due date.

09/09/2025

Electronic payment options are convenient, safe, and secure methods for paying individual and business taxes.

Workplace Educational Assistance Programs and Student LoansThe IRS recently issued a reminder that employers may continu...
08/18/2025

Workplace Educational Assistance Programs and Student Loans

The IRS recently issued a reminder that employers may continue to use workplace educational assistance programs to help employees repay student loans through December 31, 2025. In general, employers may provide up to $5,250 of assistance per year to employees for qualifying education expenses, without those funds counting as taxable wages. In other words, employees may exclude the assistance from their reported gross income.

Traditionally, workplace educational assistance programs only cover current education expenses, such as tuition, books, and certain other required fees and course materials. However, a temporary provision currently in effect allows the programs to also cover repayment of qualifying student loans. This special provision will expire at the end of 2025, so those who wish to use tax-free educational assistance to repay loans should do so before January 1.

One Big Beautiful Bill Act Creates New Tax Deductions – Did You Know? (3/3)As a result of Congress enacting the 2025 One...
08/11/2025

One Big Beautiful Bill Act Creates New Tax Deductions – Did You Know? (3/3)

As a result of Congress enacting the 2025 One Big Beautiful Bill Act, many people will have the opportunity to claim new tax deductions over the next several years. These deductions will be available both to those who itemize deductions and those who use a standard deduction. One of the new deductions is offered exclusively to seniors, while another relates to interest on auto loans.

For tax years 2025 through 2028, eligible people of age 65 or older may claim a general deduction of up to $6,000 per year (up to $12,000 for joint filers). Note that you may claim this new deduction in addition to the enhanced standard deduction already available to seniors. However, seniors with modified adjusted gross incomes (MAGIs) above $75,000 (or $150,000 for joint filers) may not qualify for the deduction, or may receive a reduced deduction amount.

The car loan interest deduction will apply to auto loans initiated after December 31, 2024, along with certain auto loans refinanced after that date. In order to qualify for the deduction, the loan must be used to finance the purchase of a qualifying new (not used) vehicle. The maximum deduction amount is $10,000 per year, with the deduction phasing out for people with MAGIs above $100,000 (or $200,000 for joint filers).

The IRS will provide additional guidance on these deductions later this fall.

Address

1418 Blowing Rock Boulevard
Lenoir, NC
28645

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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